BERLIN, March 26 (Reuters) - Bosch will begin producing electrolyser components for hydrogen production, expecting its hydrogen business to generate billions of euros in revenue by 2030, the company said on Wednesday.
Germany wants to expand reliance on hydrogen as a future energy source to cut greenhouse gas emissions for highly polluting industrial sectors that cannot be electrified such as steel and chemicals and cut dependency on imported fossil fuel.
Electrolysers, which use energy to split hydrogen from water, are key to making hydrogen. Bosch plans to use its fuel-cell expertise and large-scale production experience to make hydrogen more efficiently and at lower cost.
At the Hanover industry fair, Bosch said it would showcase two new Hybrion PEM electrolysis stacks it will start producing in partnership with industrial equipment supplier FEST with a full system output of 2.5 megawatts.
"Hydrogen is a strategic growth field for Bosch – we expect sales revenue to run into the billions by 2030," Markus Heyn, chairman of Bosch Mobility, said in a statement.
The Hybrion stacks will initially be manufactured at a factory in the southern city of Bamberg with the official sale of the components starting in April. Bosch has already received orders of around 100 megawatts, it added.
(Reporting by Riham Alkousaa and Ilona Wissenbach)
((Riham.Alkousaa@thomsonreuters.com;))
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