John Cockerill Hydrogen Secures EUR 116 Million for Global Expansion
Key Ideas
  • John Cockerill Hydrogen has secured EUR 116 million to expand electrolyser production and accelerate international growth, meeting the rising global demand for green hydrogen.
  • The funding round received continued support from Belgian investors, strengthening the company's local roots and boosting Belgium's hydrogen ecosystem.
  • Fluxys, a Belgian gas infrastructure major, has joined as a strategic investor, signaling its entry into the hydrogen value chain and commitment to developing a robust hydrogen infrastructure.
  • The company's CEO, François Michel, expressed confidence in their technology's scalability and cost-effectiveness for green hydrogen production, positioning them as leaders in the global hydrogen sector.
John Cockerill Hydrogen has successfully raised EUR 116 million in fresh capital to fuel its global expansion and enhance electrolyser production capabilities. The company's strategic move comes in response to the soaring demand for green hydrogen worldwide. This funding round, which follows a previous EUR 230 million investment in 2024, solidifies the company's financial position to execute its hydrogen business roadmap effectively. The investment round saw continued support from Belgian entities like SFPIM, Wallonie Entreprendre, and Fluxys, along with existing partners SLB and Rely. Fluxys' involvement as a strategic investor signifies a milestone in its journey towards building a sustainable hydrogen infrastructure in Belgium and beyond. With production facilities in France and Belgium, John Cockerill Hydrogen is supplying large-scale electrolysers to prominent European clients and collaborating with partners like AM Green in India for green ammonia projects. The company's CEO, François Michel, emphasized the credibility and efficiency of their pressurized alkaline electrolyzer technology, highlighting its potential for driving green hydrogen production globally. The entry of Fluxys Hydrogen, a Fluxys subsidiary designated as Belgium's official hydrogen transport operator, further underscores the commitment to sustainable industrial transitions. Vice-President of the Walloon Government, Pierre-Yves Jeholet, lauded John Cockerill's role in Wallonia's economy and emphasized the region's dedication to sustainable industrial growth. Overall, the latest funding round and partnerships position John Cockerill Hydrogen as a key player in the green hydrogen sector, with a strong focus on innovation, sustainability, and global market expansion.
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