German engineering company Bosch plans to invest up to €500 million to develop electrolyser components for hydrogen production.
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Bosch is branching out into the development of components for electrolysers, which use electrolysis to split water into hydrogen and oxygen. Ideally, the electricity for this purpose is generated from renewable sources such as wind or photovoltaic power, in which case the result is known as “green hydrogen”.
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The company will assign the development of electrolyser components to its Mobility Solutions business sector, investing up to €500 million by the end of the decade.
“We cannot afford to delay climate action any longer, so we aim to use Bosch technology to support the rapid expansion of hydrogen production in Europe,” said Dr. Stefan Hartung, chairman of the board of management of Robert Bosch GmbH.
“To do this, we will leverage our know-how in fuel-cell technology,” added Dr. Markus Heyn, member of the board of management of Bosch and chairman of the Mobility Solutions business sector.
Unlike many of the electrolyser components currently on the market, the Bosch smart modules will be mass-produced. As such, the manufacturing operation will generate economies of scale.”
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Two key factors are involved in ramping up hydrogen production: speed and cost,” Heyn said. “This is where we can play to our strengths, thanks to our expertise in mass production and our automotive know-how.”
Bosch is now planning to start volume production as quickly as possible at a number of European locations. These include Bamberg and Feuerbach in Germany, Tilburg in the Netherlands, Linz in Austria, and České Budějovice in the Czech Republic.
To help businesses and society reduce dependency on fossil fuels and harness new forms of energy, Bosch intends to invest some three billion euros in climate-neutral technology, such as electrification and hydrogen, over the next three years.
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