John Cockerill Hydrogen Secures EUR 116 Million for Global Expansion
Key Ideas
- John Cockerill Hydrogen secures EUR 116 million to expand electrolyser production and accelerate international growth.
- Belgium's SFPIM, Wallonie Entreprendre, and other partners show continued support for the company's strategic development.
- Fluxys joins as a strategic investor, aiming to strengthen Belgium's hydrogen infrastructure and expand globally.
- CEO François Michel emphasizes the company's proven technology for green hydrogen production and ambitious global leadership in the sector.
John Cockerill Hydrogen has successfully raised EUR 116 million in fresh capital to facilitate its international expansion and enhance its electrolyser production capacity. The company's recent fundraising round aims to meet the growing global demand for green hydrogen. Partners like SFPIM and Wallonie Entreprendre from Belgium have reaffirmed their support, while existing partners like SLB and Rely have increased their commitment to the company. Fluxys, a major Belgian gas infrastructure player, has also entered as a strategic investor to strengthen the hydrogen value chain. John Cockerill Hydrogen is focusing on increasing production at its facilities in France and Belgium to supply electrolysers to prominent European clients. Additionally, the company is collaborating with AM Green in India for a significant green ammonia project. This funding round follows a previous EUR 230 million round in 2024, nearly fulfilling the company's capital requirements for its hydrogen business roadmap. The CEO, François Michel, highlighted the reliability and scalability of their electrolyzer technology for green hydrogen production, expressing confidence in leading the global hydrogen industry. Fluxys' involvement aligns with its objective of building a robust hydrogen infrastructure in Belgium and beyond. The investment was well received by the Vice-President of the Walloon Government, acknowledging John Cockerill's pivotal role in Wallonia's economy and the region's commitment to sustainability and industrial progression.