Engineering firm John Cockerill Hydrogen has successfully raised €116 million in its second capital raise to support the rollout of its next generation of pressurised alkaline electrolyser technologies. This funding round has attracted Fluxys, a Belgian infrastructure group, as a strategic partner who acquired an undisclosed stake, opening up opportunities for developing a hydrogen value chain. The support from Belgian sovereign wealth fund SFPIM and regional public body Wallonie Entreprendre complements John Cockerill's activities. Additionally, global tech company SLB and Rely, a joint venture with Technip Energies, enhance its industrial capabilities. The company, which previously secured $230 million in a 2024 financing round, is focusing on various projects globally, with significant manufacturing taking place in Aspach (France) and Seraing (Belgium). In India, the company is collaborating with partner AM Green on electrolysers for a green ammonia project. CEO François Michel highlights the potential of pressurised alkaline electrolysers for large-scale and cost-effective production of green hydrogen from sustainable energy sources.