JAKARTA - German automaker Bosch will invest nearly 2.5 billion euros (Rp42.5 trillion) in hydrogen fuel cell technology from 2021 to 2026. They hope to generate sales of around 5 billion euros (Rp85 trillion) from the project by 2030. This was said by a spokesman for the company on Thursday, July 13.
According to the statement, this planned investment is one billion euros larger than the previous investment plan for the 2021-2024 period.
Vehicles with hydrogen fuel cells, where hydrogen mixes with oxygen to produce water and energy to power batteries, can refuel in minutes and have a much longer range than battery electric vehicles, but adequate infrastructure is still lacking and is considered less energetically efficient.
Bosch estimates that by 2030, one in five new trucks weighing six tons or more will use hydrogen fuel cells.
💧🤝 Helping to shape the #hydrogen economy: We're stepping up our #investments in hydrogen. Between 2021 and 2026, Bosch will have invested a total of nearly €2.5 billion in the development and #manufacturing of our #H2 technologies. More: https://t.co/yab48ApUwE #BoschTechDay pic.twitter.com/mFcvJuR3MR
— BoschGlobal (@BoschGlobal) July 13, 2023
💧🤝 Helping to shape the #hydrogen economy: We're stepping up our #investments in hydrogen. Between 2021 and 2026, Bosch will have invested a total of nearly €2.5 billion in the development and #manufacturing of our #H2 technologies. More: https://t.co/yab48ApUwE #BoschTechDay pic.twitter.com/mFcvJuR3MR
"Bosch companies grow with hydrogen," said Bosch CEO Stefan Hartung, quoted by Reuters.
Bosch said production of their fuel cell power module - a fuel cell system that generates electric in-vehicle from hydrogen, which is mainly used in remote commercial applications - had begun at their Stuttgart-Feuerbach plant in Germany and in Chongqing, China.
Nikola Corporation will be a pilot customer of the module created at Stuttgart-Feuerbach, with the class 8 hydrogen electric truck entering the North American market in the third quarter of 2023.
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Daimler Truck also plans to bring hydrogen trucks to market in the second half of the decade, forming a joint venture with Volvo, to develop zero-emission technology.
Car manufacturer Stellantis said this year that it will start shipping in Europe from their first medium-sized van using hydrogen fuel cells by the end of 2021.
In contrast, Volkswagen's subsidiary, Traton, focuses exclusively on developing battery electric cars.
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