There’s a glimmer of hope for the hydrogen arm of the Belgian industrial group John Cockerill. The company has just raised €116 million — a much-needed capital injection to sustain its operations.
In addition to support from the John Cockerill Group itself, the fundraising round included contributions from the federal government and the Walloon Region, via the Federal Holding and Investment Company (SFPIM) and Wallonie Entreprendre. It also attracted investment from SLB (formerly Schlumberger), the Franco-American oil services firm, and Rely, a joint venture between John Cockerill and Technip Energies.
The latest newcomer is Fluxys, via its subsidiary Fluxys Hydrogen — a Belgian hydrogen transport operator comparable to France’s Teréga or Natran. Fluxys’ involvement reflects a broader ambition to establish a complete hydrogen ecosystem, spanning production through to distribution.
This funding round offers welcome relief not only in Belgium, but also in France, where John Cockerill operates an electrolyser factory in Aspach, in the Grand Est region.
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