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40 million euros from the EIB
the belgian group Punch has just announced that it has received financing of 40 million euros from the EIB. A sum intended to support its research and development and innovation activities. The Italian site in Turin should benefit first and foremost from the envelope, Strasbourg coming next.
Financing the development of hydrogen engine and fuel cell technologies
Resources made available by the EU bank will enable the PUNCH Group to develop technologies for hydrogen-powered engines and related energy storage systems (fuel cells) for passenger, commercial and industrial vehicles . Stated objective: to promote sustainable mobility and the deployment of innovative technologies throughout Europe.
“The EIB’s support will be a key factor in realizing our vision of sustainable mobility for all. We are convinced of the enormous potential of hydrogen engines, in particular for heavy goods vehicles and utility vehicles, all-terrain vehicles, not to mention the maritime sector,” said Guido Dumarey, founding president of the PUNCH group, on this occasion. .
Our opinion, by leblogauto.com
After having recently established a partnership with the Renault group, Punch is thus accelerating on the hydrogen engine. In the end, we can wonder if the companies are heading headlong towards this new alternative to combustion because they are fundamentally convinced of the interest of this new type of engine… or if it is a question of benefiting from aid first and foremost. and subsidies, hydrogen being “very buoyant” these days. History of maintaining economy and jobs.
to summarize
The European Investment Bank (EIB) has just granted Punch funding of 40 million euros so that it can develop hydrogen propulsion technologies in its factories in Turin and Strasbourg.
In the end, we can wonder if the companies are heading headlong towards this new alternative to combustion because they are fundamentally convinced of the interest of this new type of engine… or if it is a question of benefiting from aid first and foremost. and grants.
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