Press release #Bosch Group

Federal minister for economic affairs visits Bosch in Renningen

Certificate confirms funding

Christiane Wild-Raidt

Christiane Wild-Raidt >


Stuttgart/Renningen – Stefan Hartung, chairman of the Bosch board of management, welcomed Robert Habeck, federal minister for economic affairs and climate action, to the Bosch research campus in Renningen, where they were joined by Baden-Württemberg Minister-President Winfried Kretschmann, Baden-Württemberg Minister of the Environment Thekla Walker, and Bavaria State Minister Melanie Huml. Habeck visited Renningen as part of his summer tour. His visit focused on transformation in the automotive industry and the energy transition.

Habeck also took the opportunity to present a certificate confirming funding of just under 161 million euros for the IPCEI hydrogen project Bosch Power Units for the initial commercialization of stationary fuel cell systems. Bosch believes the highly efficient solid-oxide fuel cells are essential to sustainable energy supply.

Funding for large-scale production

“Germany is a strong location with strong companies that are ready to tackle and master the transformation,” Habeck said in Renningen. “The funding for the large-scale production of Bosch stationary fuel cell systems, as part of a common European hydrogen project in close cooperation with federal and state authorities, shows how business and political leaders, innovations, and their funding go hand in hand on the road to climate neutrality. A highly innovative key technology for ramping up the use of hydrogen can now go into production in Germany.”

Fuel cells have the potential to significantly reduce carbon, as they generate electricity and water from hydrogen. Because the end product is water, rather than CO2, this technology can contribute to a more sustainable future.

“Going forward, supplying the country with hydrogen from renewable energies will be indispensable to achieving the climate targets,” Kretschmann said in Renningen. “The fact that Bosch is now the first major European company to be able to enter into large-scale production of highly efficient solid-oxide fuel cells thanks to the funding granted by the German government is something we are extremely pleased about and fits in wonderfully with our hydrogen road map,” he continued.

Hartung added: “The example of stationary fuel cells shows that the research environment here in Germany is excellent. Research and development have always been a top priority for Bosch. Every year, we invest some 7 billion euros in technologies of the future.”

Artificial intelligence and automated driving

As they explored the campus, Hartung gave the guests an insight into two of Bosch’s fields of research. In robotics, the company’s experts are looking into a variety of topics, including ways to automate the coordination of deliveries at warehouses using artificial intelligence. Doing so saves time and money, and improves the efficiency of operations at large warehouses. In Mobility, Habeck and Kretschmann were brought up to speed on the latest research into automated driving. The main focus here is on AI-assisted solutions that help the vehicle to navigate its surroundings.

Bosch employs over 85,000 associates in research and development around the world.

About Bosch

The Bosch Group is a leading global supplier of technology and services. It employs roughly 428,000 associates worldwide (as of December 31, 2023). According to preliminary figures, the company generated sales of 91.6 billion euros in 2023. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 90,000 associates in research and development, of which roughly 48,000 are software engineers.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-four percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The remaining shares are held by Robert Bosch GmbH and by a corporation owned by the Bosch family. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust.

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