John Cockerill Hydrogen Secures €116 Million for Strategic Expansion
Key Ideas
  • John Cockerill Hydrogen raises €116 million to support European and international expansion, including advanced electrolyzer technologies.
  • Fluxys, SFPIM, and Wallonie Entreprendre invest in the company, with Fluxys Hydrogen designated as the hydrogen transport operator in Belgium.
  • SLB and Rely reaffirm commitment to John Cockerill Hydrogen's industrial projects, following previous financing rounds totaling €230 million.
  • The company has started large-scale electrolyzer production in Europe and is involved in a significant green ammonia project in India, aiming for global presence.
John Cockerill Hydrogen has successfully secured €116 million in fresh capital to drive its strategic expansion plans in Europe and globally. The investment will support the rollout of advanced pressurized alkaline electrolyzer technologies and facilitate international growth. Major stakeholders like Fluxys, SFPIM, and Wallonie Entreprendre have participated in this funding round, indicating robust support for the company's endeavors. Fluxys, through its subsidiary Fluxys Hydrogen, has taken steps to strengthen the hydrogen ecosystem by becoming the designated hydrogen transport operator in Belgium. SLB and Rely, partners of John Cockerill Hydrogen, have also reiterated their commitment to the company's industrial project portfolio. This recent financing follows a previous round that brought the total capital raised to €346 million. Noteworthy achievements include the commencement of large-scale electrolyzer production at John Cockerill's facilities in France and Belgium for key European clients. Additionally, the company is collaborating with AM Green in India for a significant green ammonia initiative. John Cockerill Hydrogen is strategically focusing on projects worldwide, leveraging its global manufacturing capabilities to meet the demand for sustainable hydrogen solutions.
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