Bosch to invest €500 million to develop components for hydrogen electrolysis By Saur News Bureau/ Updated On Fri, May 6th, 2022 Highlights : Technology for hydrogen generation expected to go into production in 2025 Bosch will develop the stack – the core component of an electrolyzer and invest up to $500 million in this new area of business by the end of the decade. Hydrogen Project HyNCREASE in Germany Qualifies for European Grant Bosch has announced that it will be investing €500 million to develop components for hydrogen electrolysis by the end of this decade that will help heighten green hydrogen production that will be used in transport and different sectors. A stack is the core component of an electrolyzer. Bosch has revealed in its annual information convention that it hopes to start out manufacturing of electrolyzer stacks in 2025. It expects that it will have a market of about €14 billion by 2030. “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, CEO, Bosch. The CEO said that Bosch will leverage its know-how in fuel-cell technology. A stack is built with hundreds of similar cells. It is in the cells that the electrical energy separates water into pure hydrogen and oxygen in their elemental forms. For the production of green hydrogen, electrical energy from wind turbines, solar power plants and other renewable sources are utilised. Germany Pledges €10 billion support for India to achieve 500GW RE by 2030 Also Read Bosch said that it is collaborating with a number of partners to develop a way of combining the electrolyzer stack with a control unit, power electronics, and various sensors to create a ‘smart module.’ With pilot plants scheduled to commence operation in the coming year, Bosch plans to supply these smart modules to manufacturers of electrolysis plants and industrial service providers from 2025 onward. Using a simple process, Bosch will incorporate a number of these compact modules. They can then be used both in smaller units with capacity of up to ten megawatts and in gigawatt-rated onshore and offshore plants – whether in new-build projects or in existing plants for conversion to the production of green hydrogen. Although the market has a belief that hydrogen energy is primarily for the long-haul trucks, Bosch is confident that passenger automobiles may well be integrated with the novel fuel sooner or later. For example, Stellantis and Renault are running their limited-production industrial vans and Toyota has offered gas cells for Mirai for a number of years. Many countries including China, Saudi Arabia, France, Germany and India are investing or have planned to invest in billions to develop hydrogen innovation, infrastructure and industries. European Commission Ponders Hiking Renewable Energy Target To 45% By 2030 Also Read CEO Stefan Hartung said that the conflict in Ukraine has underlined the urgency to develop new sources of energy and hydrogen is one of them. He added, “Our concern is to safe power provides, with the value of oil and fuel remaining at a really excessive degree. Inexperienced hydrogen is crucial if we need to make our world carbon impartial. Hydrogen will help to mitigate international warming in each sector.” Tags: €500 investment in green hydrogen, Bosch, Dr. Stefan Hartung, electrolyzer, Green Hydrogen, Renewable Energy, smart module, Solar Energy, stack, Ukraine, Wind Turbines