Bosch will cease development of solid oxide fuel cells (SOFC) as it focuses efforts on PEM-based hydrogen production technologies amid slow market development for stationary hydrogen solutions.
The Germany tech giant, which had partnered with UK-based solid oxide hydrogen technology licensor Ceres to develop its systems, will treat its minority interest in Ceres as a “non-core financial investment” and explore divesting the stake.
Bosch said it had achieved a high level of technical maturity in its SOFC technology, but admitted “the market has not developed as expected.”
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