Punch Group gets EIB loan for hydrogen propulsion development
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,
Ready to join the conversation?
You must be an active subscriber to leave a comment.