Polymer electrolyte membrane (PEM) water electrolysis plays a key role in the global decarbonization scheme by coupling the intermittent renewable energy sources to the production of high-purity hydrogen. Its deployment onto a GW scale, however, is hindered by the cost and availability of the precious metal catalysts utilized in today’s commercial systems, primarily by that of Ir used as the anode catalyst for the oxygen evolution reaction (OER). With the continuous increase in the demand for carbon-free hydrogen, drastic reductions from the current Ir loading of 1 – 2 mgIr cm-2 by at least an order of magnitude, without compromising the overall electrolyzer performance, are of crucial importance.1 In the recent years, significant efforts have been focused on understanding PEM electrolyzer degradation mechanisms and developing the necessary mitigation strategies, with a special focus being placed on the anode catalyst layer (CL).2-4 Recent results from our group showed that there are two main pathways for Ir to be removed from the anode CL: dissolution into the anode water line and transport through the membrane and the cathode CL.5 In the present work, we aim to shed light onto the effects influencing Ir dissolution under intermittent operation by quantitative analysis of the main Ir sinks within an electrolyzer and the determination of the charge of the dissolved Ir species.5, 6 Various accelerated stress tests with square-wave configuration aimed at accelerating Ir-based anode CL degradation were performed and the results were compared to those obtained during steady-state operation of the electrolyzer cell, which was used as a reference point. The influence of electro-diffusion, electroosmotic drag and Ir redeposition back to the ACL onto Ir dissolution were analyzed in detail to obtain deeper understanding on the Ir degradation processes. M. Clapp, C. M. Zalitis, M. Ryan, Perspectives on current and future iridium demand and iridium oxide catalysts for PEM water electrolysis. Catal Today 420, (2023). S. M. Alia et al., Electrolyzer Performance Loss from Accelerated Stress Tests and Corresponding Changes to Catalyst Layers and Interfaces. J Electrochem Soc 169, (2022). Z. Q. Zeng et al., Degradation Mechanisms in Advanced MEAs for PEM Water Electrolyzers Fabricated by Reactive Spray Deposition Technology. J Electrochem Soc 169, (2022). A. Weiss et al., Impact of Intermittent Operation on Lifetime and Performance of a PEM Water Electrolyzer. J Electrochem Soc 166, F487-F497 (2019). M. Milosevic et al., In Search of Lost Iridium: Quantification of Anode Catalyst Layer Dissolution in Proton Exchange Membrane Water Electrolyzers. Acs Energy Lett 8, 2682-2688 (2023). A. P. Dam, B. Y. A. Abuthaher, G. Papakonstantinou, K. Sundmacher, Insights into the Path-Dependent Charge of Iridium Dissolution Products and Stability of Electrocatalytic Water Splitting. J Electrochem Soc 170, (2023).