Bosch's Optimism for Hydrogen Markets and Challenges in the UK
Key Ideas
- Bosch remains optimistic about hydrogen's potential in multiple markets despite the challenges faced in 2024.
- The company views hydrogen as crucial to filling the gap in decarbonising road traffic, industrial production, and heating where electricity alone may fall short.
- In the UK, Bosch notes limited hydrogen production, mainly focusing on storing excess electricity from solar and wind during peak times.
- Bosch's investment strategy considers the need for hydrogen across various sectors due to possible limitations in green electricity production.
In a discussion with H2 View, Bosch expressed optimism regarding hydrogen's future despite the challenges faced in 2024. The company's investment strategy looks beyond specific markets, recognizing the diverse applications for hydrogen in various industries. Bosch sees hydrogen as essential in decarbonizing sectors like road traffic, industrial production, and heating, where relying solely on electricity may not suffice. Regarding the UK's hydrogen landscape, Bosch acknowledges the limited hydrogen production activities in the country. The focus seems to be on utilizing hydrogen to store surplus electricity generated from solar and wind sources during peak demand periods. Bosch's assessment highlights the importance of hydrogen in bridging the gap left by potential limitations in green electricity production, emphasizing the need for a diversified energy approach to achieve decarbonization goals.
Topics
Investing
Renewable Energy
Investment
Market Trends
Decarbonisation
Road Traffic
Industrial Production
Bosch
Electricity Limits
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