In a significant move towards a sustainable future, Robert Bosch GmbH (Bosch) is turning to hydrogen as a key player in its clean energy initiatives. After a historic 2023, where nearly 200 countries pledged to transition away from fossil fuels, Bosch is leading the way in harnessing alternative, sustainable energy sources.
Bosch’s CEO, Dr. Stefan Hartung, believes that the development of renewables is the solution to balancing environmental and economic sustainability. As he explains,
“The transformation of energy systems needs to remain affordable, must not lead to power supply failures in businesses or households, and should leave fossil fuels behind wherever possible.”
Bosch has long been a pioneer in the clean energy sector. As the first globally operating industrial enterprise to achieve climate neutrality, Bosch’s production across its 400 locations worldwide has been carbon neutral since 2020. The multinational engineering and technology company has consistently invested in renewable technologies, both for its operations and for driving forward sustainable energy solutions for its customers.
The company’s commitment to clean energy is clearly demonstrated in its products. From energy-optimizing heat pumps for homes to battery technology that propels the transition to electromobility, Bosch is at the heart of the clean energy economy.
Looking to the future, Bosch is focusing on a two-pronged approach—electrification and hydrogen. Already a leading supplier across the entire electromobility value chain, Bosch is now betting big on hydrogen. With a market capitalization of US$679.24 billion, Bosch is well-positioned to make significant strides in this area.
“Green hydrogen is essential if we want to make our world climate-neutral. It makes sense to use it in nearly every sector,” says Hartung.
Bosch’s goal is to reduce Scope 3 emissions by 15% by 2030, viewing hydrogen as a key to meeting global energy demand resource-efficiently and as a storage medium for efficiently using energy generated from renewables.
The International Energy Association (IEA) supports this view, stating that “clean hydrogen produced with renewable or nuclear energy can help decarbonize a range of sectors. Hydrogen-powered vehicles would improve air quality and promote energy security. Hydrogen can also support integration of variable renewables in the electricity system.”
Bosch’s commitment to hydrogen as part of its clean energy push is a bold step towards a sustainable future, demonstrating the company’s dedication to innovation and environmental responsibility.
Source: Sustainability Mag