Bosch in EUR500 million hydrogen investment

German manufacturing group Bosch intends to plough some EUR500 million into the development of green hydrogen projects by 2030.

“Climate protection cannot wait. We want to support the rapid development of hydrogen production in Europe using Bosch technology,” said Stefan Hartung, CEO of Robert Bosch.

Markus Heyn, a Bosch board member and chairman of its mobility solutions division, said the group sees huge growth opportunities.

It expects the electrolyser components market to reach a volume of around EUR14 billion by 2030, with the highest growth rates in Europe. Overall, it intends to invest about EUR3 billion in climate-neutral technologies over the next three years.

Bosch wants to develop electrolyser stacks with control units, power electronics, and sensors for smart modules.

The smart modules will be delivered to manufacturers of electrolysis systems and industrial service providers from 2025. Bosch said the first pilot plant is scheduled to go into operation by as early as next year.

“In addition to speed, costs are a decisive factor when ramping up hydrogen production,” said Heyn.

It wants to manufacture at various locations throughout Europe, including Bamberg and Feuerbach in Germany, Tilburg in the Netherlands, Linz in Austria, and Budweis in Czechia.

In addition to the electrolyser components, the group is working on stationary and mobile fuel cells, ranging from individual sensors to core components such as electric air compressors.

Series production is scheduled to start this year.

Follow us on twitter: @risksEmerging

Twitter feed is not available at the moment.