John Cockerill Hydrogen Secures €116 Million to Drive Growth and Expand Green Hydrogen Production
Key Insights
John Cockerill Hydrogen raised €116 million in a capital increase, building on its 2024 €230 million financing round to accelerate its global green hydrogen expansion.
New investor Fluxys joined existing backers SFPIM and Wallonie Entreprendre, reinforcing the company's role in Belgium's hydrogen ecosystem and industrial sovereignty.
The funding will support mass production of electrolyzers in Europe and India, including a major green ammonia project in partnership with AM Green.
The capital will also advance next-generation pressurized alkaline electrolyzer technology, positioning John Cockerill as a leader in cost-effective green hydrogen production.
John Cockerill Hydrogen has successfully completed a €116 million capital increase, marking a significant step in its strategic development and international expansion. This follows the company’s €230 million financing round in 2024, further solidifying its position as a key player in the global green hydrogen sector. The latest funding round saw continued support from SFPIM and Wallonie Entreprendre, alongside new investor Fluxys, a leading Belgian infrastructure company. Fluxys’ involvement aligns with its mission to develop a comprehensive hydrogen ecosystem in Belgium, from production to distribution.
John Cockerill Hydrogen is scaling up its manufacturing operations across Europe, with electrolyzer production underway at facilities in Aspach, France, and Seraing, Belgium. The company is also expanding into India, collaborating with AM Green to supply electrolyzers for the country’s largest green ammonia project. These initiatives are part of a broader strategy to establish manufacturing hubs in key regions, ensuring efficient project delivery worldwide.
The newly secured capital will primarily fund the development of John Cockerill’s hydrogen business, including advancements in next-generation pressurized alkaline electrolyzer technology. This technology is critical for producing green hydrogen at scale and cost-effectively. François Michel, CEO of John Cockerill, emphasized the potential of pressurized alkaline electrolyzers, citing global reports that highlight their viability for large-scale green hydrogen production.
The investment also underscores Belgium’s commitment to technological independence and industrial sovereignty in the energy sector. Pierre-Yves Jeholet, Vice-President of the Walloon Government, described John Cockerill as a strategic asset for Wallonia, reflecting strong public support for the company’s climate transition goals.
With an expanded capital base, growing international presence, and cutting-edge technology, John Cockerill Hydrogen is poised to lead the global green hydrogen economy, driving progress toward a sustainable energy future.