Robert Bosch going all-in on hydrogen technologies. Top automotive supplier expects $5.3B in revenue

[Caribbeans]

Robert Bosch will invest $2.6 billion in hydrogen technologies by 2026, including on fuel cells whose first customer will be Nikola Corp. (Photo: Bosch)

Robert Bosch going all-in on hydrogen technologies

Top automotive supplier expects $5.3B in revenue from hydrogen technology

FreightWaves.com | Alan Adler | Friday, July 14, 2023

Germany-based automotive supplier Robert Bosch expects to post $5.3 billion in sales by the end of the decade from hydrogen fuel cells, hydrogen internal combustion engines and electrolyzers that make hydrogen.

It is the latest proclamation that hydrogen is emerging as a meaningful alternative to battery-electric vehicles, which lead the transition to zero tailpipe emissions by at least a couple of years, according to industry leaders.

Bosch became the second industry player this week to add hydrogen as a fuel for internal combustion engines, following Daimler Truck and engine maker Cummins, which is investing $452 million in a plant in Jamestown, New York, to make fuel-agnostic variants of its X15 engine. Bosch is investing $2.6 billion in hydrogen between 2021 and 2026.

Growing adoption of hydrogen ICE

Bosch is developing systems for port and direct injection of hydrogen. Hydrogen ICEs are particularly suitable for heavy vehicles on long hauls with especially heavy loads...more
https://www.freightwaves.com/news/robert-bosch-going-all-in-on-hydrogen-technologies

7-14-23: Robert Bosch and Co. continues the Hydrogen Energy Revolution

[orthoclad]

1. Lots of news on the H front!

This is encouraging.

[Think. Again.]

2. I hate to admit it...

...but it looks like the greed of the "free market" might help us through this after all...

[MichMan]

3. Bosch is "all in" on any & all automotive technology

The company is enormous and is heavily involved in all facets of the industry.

[NNadir]

4. So they're going all in on fossil fuels with the "bait and switch" hydrogen scheme.

Why am I not surprised?

Environmental issues have always been subsumed by cheap marketing schemes.

The marketing of fossil fuels converted into hydrogen is of course, environmentally destructive, but marketing types, here and elsewhere have never given a shit about the environment.

[hatrack]

5. Bosch global sales in 2022 were 88.2 billion euros (or about 99.1 billion USD)

So, by the end of the decade, they're projecting total hydrogen-related sales spanning a seven-year period that would amount to about 5% of their total sales for a single year.

https://www.bosch.com/company/our-figures/

That's not exactly what I would call "all-in".

More press release "journalism" written with the assumption that readers can't do simple arithmetic.

[NNadir]

6. More press release journalism written on the assumption that people don't know that hydrogen...

...is a fossil fuel shell game.

When you do the numbers, as I am doing off line, it blows one's mind, the carbon cost of this scheme.