John Cockerill Hydrogen Raises EUR 116 Million to Power Global Expansion

John Cockerill Hydrogen has secured EUR 116 million in fresh capital to accelerate its international expansion and boost its electrolyser production capacity.

As per the firm's statement, the latest fundraising strengthens the company’s strategic development as demand for green hydrogen surges worldwide.

The round attracted continued backing from Belgium’s SFPIM and Wallonie Entreprendre, reinforcing John Cockerill Group’s strong Belgian roots. Existing partners SLB and Rely, a joint venture between Technip Energies and John Cockerill, have also doubled down on their commitment. Notably, Belgian gas infrastructure major Fluxys has joined as a strategic investor, marking its entry into the hydrogen value chain.

John Cockerill Hydrogen is ramping up production at its plants in Aspach, France, and Seraing, Belgium, supplying large-scale electrolysers to major European clients. In India, it is collaborating with AM Green to deliver electrolyzers for the country’s largest green ammonia project.

This follows an earlier EUR 230 million funding round in 2024. With the new EUR 116 million, the company says it has secured nearly all the capital needed to execute its hydrogen business roadmap.

“Our pressurized alkaline electrolyzer technology is proven, scalable, and cost-effective for green hydrogen production,” said François Michel, CEO of John Cockerill. “This funding validates our strategy and strengthens our ambition to lead the global hydrogen sector,' he added.

Fluxys’ entry aligns with its goal of developing a robust hydrogen infrastructure in Belgium and beyond. Its subsidiary, Fluxys Hydrogen, has been designated as Belgium’s official hydrogen transport operator.

Welcoming the investment, Pierre-Yves Jeholet, Vice-President of the Walloon Government, said, “John Cockerill plays a vital role in Wallonia’s economy. Our participation underlines the region’s commitment to a sustainable, forward-looking industrial transition.”