Bosch’s CEO believes the market for green hydrogen in the EU will be worth €40bn ($48bn) by 2030 with annual growth rates of 65%.
Dr. Volkmar Denner made the comment at Bosch’s annual press conference where he also made a staggering estimate that the market for mobile fuel cell components in particular could be worth around €18bn ($21bn) by the end of this decade.
Denner said “Bosch is already hydrogen-ready” and reaffirmed the company’s commitment to invest €1bn ($1.2bn) into fuel cell technology – an emerging part of the EU hydrogen market – from 2021 to 2024.
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