John Cockerill Hydrogen Secures €116 Million to Drive Global Expansion
Key Ideas
- John Cockerill Hydrogen secures €116 million in new funding from various investors to support growth plans in Europe and international markets.
- Belgium's Fluxys plays a key role in developing a hydrogen supply network, with a focus on production and transport, reinforcing commitment to clean energy strategies.
- The company specializes in high-performance electrolyzers for green hydrogen production, and aims to expand manufacturing capacity globally through international hubs.
- John Cockerill Hydrogen is positioned as a crucial contributor to the global hydrogen economy, focusing on reducing carbon emissions and promoting long-term energy independence.
John Cockerill Hydrogen has secured €116 million in funding to support its growth plans in Europe and other international markets. The investment comes from various sources, including Belgium's Federal Holding and Investment Company, Wallonie Entreprendre, and Fluxys. Fluxys, a Belgian energy infrastructure group, has taken an equity stake in the company to support the development of a strong hydrogen supply network. This funding round follows a previous €230 million raise, bringing the total capital raised to €346 million. The company plans to use the funds to expand production capacity, deliver next-generation electrolyzers, and scale operations globally. John Cockerill Hydrogen is actively manufacturing electrolyzers in France and Belgium for European clients and collaborating with partners in India to supply electrolyzers for a large green ammonia facility. With a growing global project pipeline, the company aims to establish international manufacturing hubs to meet increasing demand for clean hydrogen energy. John Cockerill Hydrogen focuses on innovation and sustainability, positioning itself as a key player in the global transition to green energy. By specializing in high-performance electrolyzers, the company contributes to the reduction of carbon emissions and promotes energy independence. Through continuous expansion and expertise development, John Cockerill Hydrogen strives to lead in providing clean, reliable, and scalable hydrogen solutions worldwide.