John Cockerill raises €230m for electrolyser expansion
- Admin
- Jun 4, 2024
- 1 min read
John Cockerill is raising €230m of equity from strategic partner SLB and several investors to accelerate the deployment of its electrolysers strategy. They have signed binding commitments with SLB, SFPIM, and Wallonie Entreprendre (WE) for a €230m capital increase for John Cockerill Hydrogen. SLB is the lead investor in the funding round, aimed to be completed by June 2024. John Cockerill is expanding its global presence by establishing electrolyser production and service hubs in the USA, India, and the UAE, with potential future investments in Morocco and Vietnam.
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