John Cockerill Hydrogen has raised €116 million in fresh capital to support its strategic expansion in Europe and internationally. The round includes investments from Belgium’s SFPIM and Wallonie Entreprendre.
Fluxys, a major internationally active Belgian infrastructure group, has also acquired a stake, aligned with its strategy to help build a robust hydrogen ecosystem and value chain, from production to distribution. Fluxys’ subsidiary, Fluxys Hydrogen, has been designated as the hydrogen transport operator in Belgium.
SLB and Rely (a Technip Energies–John Cockerill JV) also reaffirmed their commitment to John Cockerill Hydrogen’s industrial project portfolio
The latest capital raise follows a €230 million financing round in 2024, bringing total capital raised to €346 million.
The amount covers nearly all of the funding required to accelerate the development of John Cockerill’s hydrogen business, including rollout of next-generation pressurized alkaline electrolyzer technologies and international growth.
In Europe, large-scale production of electrolyzers has already started at John Cockerill’s plants in Aspach (France) and Seraing (Belgium) for leading European clients. In India, John Cockerill Hydrogen is working with its partner AM Green to deliver electrolyzers for India’s largest green ammonia project. The Group is working on a focused portfolio of projects around the world and plans to serve them from its global manufacturing centers.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.