John Cockerill Hydrogen successfully completed a €116 million capital increase, advancing its strategic development plan and accelerating its international growth. This milestone builds on the company’s €230 million financing round in 2024 and reinforces its position as a key player in the global green hydrogen sector.
Strong Investor Confidence and New Strategic Partner
The latest funding round saw continued support from SFPIM and Wallonie Entreprendre, underscoring the John Cockerill Group’s strong Belgian roots. In addition, SLB and Rely—the joint venture between Technip Energies and John Cockerill—reaffirmed their long-term commitment to the company’s growing industrial portfolio.
Marking a strategic leap forward, Fluxys, a leading Belgian infrastructure company, joined the investor base by acquiring a stake in John Cockerill Hydrogen. Fluxys’ participation aligns with its mission to develop a robust hydrogen ecosystem in Belgium, supporting the value chain from production to distribution.
Scaling Up Manufacturing Across Europe and India
John Cockerill Hydrogen is rapidly scaling up operations across Europe, with mass production of electrolyzers underway at its facilities in Aspach (France) and Seraing (Belgium) for major European clients. The company is also expanding globally—in India, it is working with partner AM Green to supply electrolyzers for the country’s largest green ammonia project. These efforts are part of a focused global portfolio, with manufacturing hubs strategically positioned to support international project delivery.
Funding to Accelerate Technology Development
The newly secured capital will fund nearly all of the requirements to further develop John Cockerill’s hydrogen business. It will also accelerate the company’s work on next-generation pressurized alkaline electrolyzer technology, a key solution for the cost-effective production of green hydrogen at scale.
François Michel, CEO of John Cockerill, commented, “Reports from global institutions confirm the potential of pressurized alkaline electrolyzers as a proven, large-scale solution to produce green hydrogen from low-carbon sources. This fundraising reinforces our strategy and ambition to lead the energy transition.”
Reinforcing Belgium’s Industrial and Climate Vision
The investment by Wallonie Entreprendre also reflects strong public support for John Cockerill’s mission. It ensures the company can contribute to Belgium’s technological independence and industrial sovereignty in the energy sector.
Pierre-Yves Jeholet, Vice-President of the Walloon Government, noted, “John Cockerill is a strategic asset for Wallonia. Our support for this capital increase signals a firm commitment to a bold, forward-looking climate transition.”
Positioned for Global Leadership in Green Hydrogen
According to the company press release, John Cockerill Hydrogen has expanded its capital base. It also has a growing international footprint and advanced electrolyzer technology. These strengths position the company to remain at the forefront of the global green hydrogen economy. They also enable it to drive progress toward a cleaner, more sustainable energy future.
