John Cockerill Hydrogen raises €116 million capital
John Cockerill Hydrogen said it has raised €116 million capital to support its strategic development.
In Europe, large-scale production of electrolyzers has started at the company'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, it said.
After securing an initial €230 million round of financing in 2024 with long-term strategic and industrial investors, an additional round of financing was planned for 2025.
The new round covers nearly all of the funding required to develop the Hydrogen business, it said.
With over 6,000 employees, including more than 500 in India, John Cockerill achieved a turnover of € 1,201 billion in 2023 in 29 countries, on 5 continents.
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