Bosch invests $526 million in ‘green’ hydrogen

Bosch invests 6 million in ‘green’ hydrogen

The chemical reaction in fuel cells is facilitated by a polymer electrolyte membrane, or PEM, and Bosch will use the similar technological innovation for electrolysis stacks.

“We work with gasoline cells all over the clock, so our expectation is that some of this technological innovation can be transferred to aid come up with a price tag-optimized [electrolysis] stack,” Pauer mentioned.

Bosch CEO Stefan Hartung explained Wednesday that the war in Ukraine has highlighted the urgency to develop new sources of power, like hydrogen.

“Our problem is to safe electricity provides, with the price of oil and fuel remaining at a really large stage,” he explained. 

“Inexperienced hydrogen is vital if we want to make our earth carbon neutral,” Hartung included. “Hydrogen can aid to mitigate world wide warming in every single sector.” 

Bosch will work with partners to mix the stack with “smart modules,” like power electronics, manage units and sensors, Pauer claimed. 

“We never want to create electrolysis vegetation in the feeling of a ability plant,” he said. “We want to be a component supplier this is our core business.” Prospects can use the modules to construct their personal crops.

“We’re astonished by how strongly the sector is rising,” Pauer extra, noting that investments in electrolysis experienced doubled in Europe in the latest years. “The environment is realizing that we require a diverse vitality source. I you should not assume we can solve our strength troubles without having hydrogen.”