The sum is substantial.
Bosch, one of the world's leading automotive suppliers, will invest one billion euros by 2024 in fuel cells, which transform hydrogen into electricity.
The manufacture of green hydrogen is an alternative to electric batteries installed in vehicles.
Especially for trucks.
The German group estimates that the green hydrogen market will represent in Europe nearly 40 billion euros by 2030, with annual growth rates of 65%.
“
Without hydrogen, Europe does not achieve climate neutrality,
” explained Volkmar Denner, CEO of the group at his annual conference.
Read also: Automobile: at the Bosch factory in Rodez, resignation and fatalism prevail over revolt
The company is developing “stationary” and “mobile” solutions for transforming hydrogen into electricity using fuel cells.
Thus Bosch will invest 600 million euros in mobile fuel cells for vehicles and 400 million in the installation of stationary fuel cells that could provide
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