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john-cockerill-secures-backing-to-advance-electrolyser-developments
© John Cockerill
john-cockerill-secures-backing-to-advance-electrolyser-developments
© John Cockerill

John Cockerill secures backing to advance electrolyser developments

John Cockerill has raised €230m ($250m) of equity from its partner and investors to accelerate the deployment of its electrolyser strategy.

The company announced the signing of binding commitments with its strategic partner SLB, a global energy technology company, SFPIM and Wallonie Entreprendre (WE), two leading Belgian public investment institutions, and international industrial-oriented family offices. They will all participate in the capital increase.

John Cockerill wants to roll out gigafactories in key locations as part of its strategy, and expand its presence in the US, India and the UAE, with similar investments being considered in Morocco and Vietnam.

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