Bosch is expanding into the creation of parts for electrolyzers, devices that utilize electrolysis to separate water into hydrogen and oxygen. In an ideal world, the electricity needed for this function would come from renewable resources like wind or photovoltaic energy, in which case the end product would be referred to as “green hydrogen.”
Utilizing its experience, Bosch will dedicate the Mobility Solutions business area to the development of electrolyzer components and invest up to €500 million in this project by the end of the decade. Demand for green hydrogen is increasing quickly, and not just in energy-intensive industries such as steel, chemicals, and heavy-duty freight, but also in private real estate . This is because energy sources are becoming more diverse, we are moving away from fossil fuels, and we need to minimise CO2 emissions.
By 2030, the EU projects that demand would increase to over ten million metric tonnes annually. In the same time frame, according to Bosch, the global market for electrolyzer components will rise to a size of around €14 billion, with Europe expected to have the fastest rates of development. In order to construct a “smart module,” which combines the electrolyzer stack with a control unit, power electronics, and other sensors, Bosch is working with a number of partners. The company intends to provide these smart modules to manufacturers of electrolysis plants and industrial service providers starting in 2025, with pilot facilities set to go into operation in the following year.
Bosch will integrate a number of these little components using a straightforward procedure. They can then be employed in both smaller units with a capacity of up to ten megawatts and in gigawatt-rated onshore and offshore plants – whether in new-build projects or in existing facilities for conversion to the production of green hydrogen.
The automobile sector’s continuous change represents a significant challenge for the whole industry. As usual, innovation is Bosch’s reaction in this case. The corporation is grabbing the chance to further protect jobs by entering a new industry, one that will add a nonautomotive wing to its mobility solutions business. This growth into electrolyzer components is anticipated to generate employment opportunities for hundreds of employees in the upcoming years. Actually, Heyn added, “We’re juggling three things at once.”We’re having a significant impact on the environment, the economy, and society.”
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