Bosch has said its investment in a German energy storage company, just announced today, fits in with a purpose of positioning the engineering giant at the forefront of the emerging ‘digital climate and energy’ industry.

Daimler joint venture to auction stored energy from new 13MWh EV battery storage site back to German energy network operators; Bosch and BMW open smaller EV battery storage facility in Hamburg.

The acquisition of a “next generation” battery start-up by Bosch could be a milestone for the e-mobility sector, but represents a risk for the German engineering giant, according to one analyst.