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Punch Group gets EIB loan for hydrogen propulsion development
Punh Torino in Italy, the former GM expertise center for diesel engines, is now specializing in the transition to electric and hydrogen /Punch Group
The European Investment Bank (EIB) has granted the Belgian Punch Group a €40 million finance contract for further developing hydrogen propulsion systems, like fuel cells and the H2 burning engine, as an environmentally friendly successor for the diesel engine. The investments will be made mainly at the company’s headquarters in Turin (Italy), Punch Group says,
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