John Cockerill Hydrogen Secures €116 Million Capital Increase
National: John Cockerill Hydrogen has successfully completed a €116 million capital raise to support its strategic development plan. The funding will enable the company to continue its expansion across Europe and internationally.
Key Highlights:
- Strategic Partnerships: SFPIM, Wallonie Entreprendre, SLB, and Rely have reaffirmed their commitment to John Cockerill Hydrogen’s industrial project portfolio.
- New Investor: Fluxys, a Belgian infrastructure group, has joined as a strategic partner by acquiring a stake in John Cockerill Hydrogen.
- Global Expansion: John Cockerill Hydrogen is working on large-scale production of electrolyzers in Europe and India, and plans to serve projects from its global manufacturing centers.
“Numerous reports from recognized institutions confirm the potential of pressurized alkaline electrolyzers as a proven technology for large-scale, cost-effective production of green hydrogen,” said François Michel, CEO of John Cockerill.
“John Cockerill is an important group for the Walloon economy, with activities that are vital to our region,” said Pierre-Yves Jeholet, Vice-President of the Walloon Government.
The capital increase will enable John Cockerill Hydrogen to accelerate its development and contribute to the growth of the global hydrogen sector. The company will continue to work on its focused portfolio of projects and leverage its global manufacturing capabilities to meet the increasing demand for green hydrogen.
