{"id":29103,"date":"2023-01-23T11:34:50","date_gmt":"2023-01-23T11:34:50","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=29103"},"modified":"2025-01-22T11:44:36","modified_gmt":"2025-01-22T11:44:36","slug":"hydrogen-engine-technology-accelerated-through-e40m-eib-funding","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/hydrogen-engine-technology-accelerated-through-e40m-eib-funding\/29103\/","title":{"rendered":"Hydrogen engine technology accelerated through \u20ac40m EIB funding"},"content":{"rendered":"
Punch Group is an industry-leading company based in Belgium designing propulsion and control systems for hybrid and electric vehicles (EVs)<\/a>. The \u20ac40m EIB investment will enable the company to optimise the hydrogen engine, supporting the company’s research, development and (RDI) activities. The investments will be primarily made at PUNCH’s headquarters in Turin, Italy, and Strasbourg, France.<\/p>\n Guido Dumarey, owner, founder and CEO of the PUNCH Group, commented: “The EIB’s support will be a key factor in implementing our vision of sustainable mobility for all. We wish to expand our technological expertise in the field of electric and hydrogen propulsion, and we believe in the huge potential of hydrogen engines, especially for heavier or commercial vehicles, off-road vehicles and the marine sector.”<\/p>\n PUNCH Torino was established in 2005 as the Engineering and Development Centre of General Motors, and has been working as a leading facility for propulsion and mobility systems since 2020. PUNCH Hydrocells \u2013 a branch of the company \u2013 is actively working to advance the hydrogen engine, with experience in converting diesel engines to run on hydrogen<\/a>. This hydrogen engine expertise is now supported by sizeable funding to accelerate the transition to sustainable transport.<\/p>\nPUNCH is uniquely positioned to drive e-mobility forward<\/h3>\n