Johnson Matthey (JM) and Robert Bosch have announced a strategic collaboration to work on the development and production of catalyst coated membranes (CCM) for fuel cell stacks in commercial vehicles. This partnership aims to leverage JM's high-performance CCMs to enhance the efficiency of Bosch's fuel cell power module designed for commercial vehicle applications. The CCMs play a crucial role in the process of breaking down water into oxygen, protons, and electrons using iridium and platinum catalysts. With a focus on cleaner mobility and energy generation, JM's Hydrogen Technologies CEO expressed excitement about exploring future possibilities with Bosch. Bosch Mobility's executive VP also emphasized the readiness of fuel cell technology for widespread use and the goal to optimize the performance of fuel cell stacks through this collaboration. The agreement was finalized at Bosch's fuel cell center in Stuttgart-Feuerbach, Germany. Johnson Matthey's collaboration with Plug Power, where JM supplies membrane electrode assembly components, remains intact, reinforcing its commitment to the hydrogen technology sector. Despite plans to reduce capital expenditure, JM remains dedicated to achieving its performance targets in the hydrogen business by the end of the financial year 2025/26.