Bosch invests €500 million to develop hydrogen electrolyzers – pv magazine International

Germany’s Bosch wants to focus on green hydrogen production in Europe as a new dedicated business area. It said it will draw on its fuel cell expertise to build new productions facilities. May 6, 2022 Sandra EnkhardtFrom pv magazine GermanyGerman conglomerate Bosch said this week that it will develop components for electrolyzers in the future.The Stuttgart-based group wants to invest up to €500 million ($527.6 million) in the new business area by 2030. The particular focus will be on the development of the stacks for electrolyzers.“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 GmbH.Markus Heyn, a Bosch board member and chairman of its mobility solutions division, said the group will draw on its fuel cell know-how. And the group sees huge growth…

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