Tech giant Bosch has announced it will invest $1.3bn in hydrogen technology by 2025, as the company continues its focus on climate-neutral technology.
Announced on Tuesday (June 7), Bosch will invest heavily in hydrogen fuel cell and electrolyser technology in the ‘interest of effective climate action’.
The company has plans of investing more than $1bn in mobile fuel cells between 2021 and 2024, where the company hopes to also produce fuel cell stacks, as well as plant components to support its customers.
Bosch’s solid oxide fuel cell (SOFC) energy supply systems can use renewable fuels such as green hydrogen, as well as conventional fuels to generate electricity and heat.
In an effort to broaden its hydrogen portfolio, the company is entering the hydrogen electrolysis market, with nearly $600m dedicated to developing electrolyser components. H2 View understands Bosch plans to launch the products in 2025.
In the US, Bosch is said to be evaluating where its electrolyser technology could help bring clean hydrogen to the market, with focuses on the US Department of Energy’s (DOE) $9.5bn Clean Hydrogen Initiative, which includes Regional Hydrogen Hubs.
Mike Mansuetti, President of Bosch North America, said, “We are all in for the hydrogen economy. Our hydrogen portfolio is expansive across multiple domains in a way no other company can match.
“This cross-domain knowledge will enable Bosch to lead when it comes to driving hydrogen as a climate-neutral solution. And we are committed to local production of hydrogen solutions in the North American region in the coming years.”
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
If you are a member of the CaFCP, be sure to grab your ticket at a discounted rate with a code that can be provided to you by the events team.
Full information about this event including attendance and sponsorship packages can be found here.