John Cockerill Hydrogen Secures €116 Million Investment to Lead Global Green Hydrogen Industry
Key Ideas
- John Cockerill Hydrogen completed a successful €116 million capital increase, enhancing its strategic development and international growth.
- Strong investor confidence from organizations like SFPIM, Wallonie Entreprendre, SLB, Rely, and new strategic partner Fluxys.
- Expanding manufacturing in Europe and India, focusing on electrolyzer production for green hydrogen projects.
- Funding secured to advance technology development, specifically pressurized alkaline electrolyzer technology for cost-effective green hydrogen production.
John Cockerill Hydrogen recently concluded a €116 million capital increase, following a €230 million financing round in 2024, solidifying its position in the global green hydrogen sector. The investment round included support from key stakeholders like SFPIM, Wallonie Entreprendre, SLB, and Rely, with the addition of strategic partner Fluxys, a leading Belgian infrastructure company aiming to bolster the hydrogen ecosystem in Belgium. The company is ramping up manufacturing activities in Europe and India, focusing on electrolyzer production for major projects. The capital infusion will drive technology development, particularly in pressurized alkaline electrolyzer technology, to scale up cost-effective green hydrogen production. John Cockerill's CEO emphasized the significance of this fundraising in advancing the company's strategy and ambition in leading the energy transition. The investment aligns with Belgium's industrial and climate vision, ensuring technological independence and industrial sovereignty in the energy sector. With an expanded capital base, growing international presence, and advanced electrolyzer technology, John Cockerill Hydrogen is poised to be a leader in the global green hydrogen economy, driving progress towards a sustainable energy future.
Topics
Electrolyzer
Technology
Sustainability
Investment
Energy Transition
Climate Action
Manufacturing
Industry Development
Global Expansion
Latest News