John Cockerill Hydrogen has successfully raised €116 million in funding aimed at expanding its operations in Europe and other international markets. This funding round includes investments from Belgium’s Federal Holding and Investment Company (SFPIM) and Wallonie Entreprendre, as well as an equity stake from Fluxys, a Belgian energy infrastructure group.
Fluxys, which operates the hydrogen transmission network in Belgium, is committed to developing a robust hydrogen supply chain that encompasses production and transportation. Furthermore, SLB and Rely, a joint venture between Technip Energies and John Cockerill, have expressed their continued support for the company’s industrial hydrogen initiatives.
This funding follows a previous capital raise of €230 million earlier in 2024, bringing the total funds raised by John Cockerill Hydrogen to €346 million. The new capital will primarily focus on expanding production capabilities, delivering advanced pressurized alkaline electrolyzers, and scaling operations on a global level.
In Europe, John Cockerill Hydrogen has commenced large-scale manufacturing of electrolyzers at its facilities located in Aspach, France, and Seraing, Belgium, catering to essential clients throughout the continent. In India, the company is collaborating with AM Green to provide electrolyzers for what is expected to be the largest green ammonia facility in the country.
With an expanding project pipeline worldwide, John Cockerill Hydrogen aims to meet the rising demand for clean hydrogen through a network of international manufacturing hubs. The company specializes in designing and producing high-performance electrolyzers that are vital for generating green hydrogen.
John Cockerill Hydrogen positions itself as a key player in the global market for sustainable hydrogen solutions. The company focuses on advancing clean energy technology and actively collaborates with various partners and stakeholders to support large-scale hydrogen projects across multiple sectors, including energy, transportation, and manufacturing.
By continuously broadening its capabilities and expertise, John Cockerill Hydrogen is set to contribute to the establishment of a global hydrogen economy, emphasizing carbon emission reductions and energy independence.
