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Romania announces new framework for H2 integration
12 July 2023![](https://hydrogeneurope.eu/wp-content/uploads/2022/06/green-h2-960x720-px-46-ace2ab702ed04e945038ed8366135223.jpg)
Irish green H2 developer plans €100m raise for expansion
17 July 2023German auto supplier Bosch will invest almost 2.5 billion euros ($2.8 billion) in hydrogen fuel cell technology from 2021 to 2026 and expects to generate roughly 5 billion in sales from it by 2030, the company said on Thursday.
The planned investment was one billion euros more than earmarked in its previous investment plan for 2021-2024, the statement added.
Vehicles with hydrogen fuel cells, in which hydrogen mixes with oxygen to produce water and energy to power a battery, can refuel in minutes and have a much longer range than battery-electric vehicles, but infrastructure is lacking and it is less energy-efficient.
Bosch expects one in five new trucks weighing six metric tons or more would feature fuel-cell powertrains by 2030, it said.