‘No particular concerns’: John Cockerill rebukes electrolyser finance concerns
John Cockerill has dismissed claims that the Belgian firm’s electrolyser-making arm is running out of capital, and told H2 View there were “no particular concerns” with its finances.
Recent reports suggested that John Cockerill Hydrogen was seeking up to €80m to €100m ($91.8m to $114m) in new investment, with the company also considering the sale of its assets to raise around €10m ($11.5m).
Reports also alleged that a planned €100m investment had fallen through, forcing the company to seek additional capital from existing shareholders.
In response to H2 View, a spokesperson denied these claims. “Neither John Cockerill Hydrogen nor, of course, John Cockerill Group, need a ‘rescue plan’,” they said.
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