Bosch To Invest $1.3 Billion In Hydrogen Technology By 2025

  • 📰 Forbes
  • ⏱ Reading Time:
  • 78 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 53%

United States Headlines News

United States Latest News,United States Headlines

Bosch North America announced it will be investing $1.3 billion in hydrogen fuel cell and electrolyzer technology by 2025.

The past several years have been challenging for the world’s largest automotive supplier, Bosch. While Bosch produces many of the components used in vehicles for everything from driver assistance to communication systems, the accelerating transition to electrification and automation has forced it to rethink its future business as prospects for internal combustion fade. Today, Bosch North America announced it will be investing $1.3 billion in hydrogen technology by 2025.

As Bosch, like other automotive suppliers, tries to adapt to a changing mobility landscape, it has reorganized its massive product development organization. In 2020, Bosch announced that it would combine all of its software development teams across the company into a single organization, the Cross-Domain Computing Solutions unit. This software organization has more than 17,000 employees globally.

But Bosch is still heavily involved in hardware and has been working on hydrogen fuel cell systems for some time. The company was an early investor in Nikola Motors. Bosch is supplying the fuel cell system and electric propulsion being used in some of Nikola’s upcoming long-haul trucks.

The expanded investment in fuel cells brings the total expenditure to more than $1 billion through 2024. Fuel cell systems are more complex than just the stack that takes in hydrogen and oxygen and produces electricity and water. In addition to developing the stack, Bosch is expanding its efforts to produce other supporting components.

However, hydrogen fuel cell vehicles are only useful if hydrogen is available which is why they are currently only sold in California where there are more than 40 refueling stations. While hydrogen rarely exists in isolation in nature, it is the most common element in the universe including in water where each molecule contains two hydrogen atoms. One of the cleanest methods of extracting hydrogen is through electrolysis of water. This process is essentially the reverse of the fuel cell.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Much better than batteries.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Raiders donate $1 million to Uvalde CISD for school security in wake of mass shootingThe donation came at the urging of former Raiders safety Vann McElroy, who grew up in Uvalde.
Source: ksatnews - 🏆 442. / 53 Read more »

Dolly Parton Donates $1 Million for Pediatric Infectious Disease ResearchThe country icon also previously donated $1 million to Vanderbilt University in 2020, which helped fund the research that resulted in the Moderna vaccine. Is it weird that I use every Dolly philanthropic story to call Elon Musk an asshole? laurasweetjane We don’t deserve dolly. i love that song DollyParton did for FelicityMorse movie Transamerica
Source: VanityFair - 🏆 391. / 55 Read more »

$1 drink special offered during 'Martini Hour' at LA spots in honor of Watergate whistleblowerFor two hours in Los Angeles Friday – those 21 and older can score a martini for just $1. come to mama! Rubbing alcohol never tasted so good
Source: FOXLA - 🏆 445. / 53 Read more »

Man appears in court after $1 million worth of drugs found in his Bronx homeAuthorities said they found 29 pounds of heroin and 300 grams of fentanyl inside the home of 43-year-old Carlos Munoz on May 12 at 1908 Barnes Avenue, in the Van Nest section. He done done, someone def snitched on him Wow!!! He gonna get lots of baseball tickets and no jail time Decriminalizing drugs lead to crimes.
Source: ABC7NY - 🏆 592. / 51 Read more »

Raiders Owner Mark Davis Donates $1 Million To Uvalde School DistrictLas Vegas Raiders owner Mark Davis is making an astonishing donation to help the Uvalde community ... pledging $1 million to increase security in the school district. American schools security running o. donations 🤭 Yes, exactly what we need to stop mass shooters, more poorly trained security and chicken sh*t police officers afraid to do what they're paid for. Do they need to increase security or do they need REAL police officers with some balls who are going to actually run in and do their job? If they are confused, look up Sheriff Grady in Polk County
Source: TMZ - 🏆 379. / 59 Read more »

Dolly Parton Donates $1 Million For Pediatric Infectious Disease ResearchDolly Parton is donating $1 million to pediatric infectious disease research at Vanderbilt University Medical Center in Nashville, Tennessee. When I am rich I’m going to help children with cancer. ❤️ Bless you DollyParton 🙏🏻 She does more for America and Americans than the entire GOP in Government.
Source: NBCLA - 🏆 319. / 59 Read more »