Engineering firm John Cockerill Hydrogen has secured $116m in a second capital raise which enables it to roll out its next generation of pressurised alkaline electrolyser technologies.
Fluxys, a Belgian infrastructure group, has joined the operation as a strategic partner after acquiring an undisclosed stake, which opens up the prospect of developing a hydrogen value chain.
The support of Belgian sovereign wealth fund SFPIM and regional public body Wallonie Entreprendre complement John Cockerill’s roots, while global tech company SLB and Rely, the joint venture with Technip Energies, strengthen its industrial profile.
The group, which secured $230m in a 2024 financing round, is working on a portfolio of projects and plans to deliver them from its global manufacturing centres.
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