John Cockerill Hydrogen has secured €230 million in capital through binding commitments from strategic partners including SLB, SFPIM, and Wallonie Entreprendre (WE). SLB, the lead investor, will support the company's strategy, which includes the establishment of giga factories in key locations. The fund raising is targeted for completion by the end of June 2024. The company plans to expand globally by setting up electrolyzer production and service hubs in the USA, India, and the UAE, with potential investments in Morocco and Vietnam. The CEO, François Michel, expressed excitement over the partnership with SLB and the backing from leading investors, emphasizing the acceleration of green hydrogen production at scale. The collaboration between John Cockerill and SLB will focus on developing next-generation pressurized alkaline electrolyzers. This partnership, along with the joint venture Rely formed with Technip Energies, aims to strengthen John Cockerill's technological leadership in alkaline technology, essential for addressing decarbonization challenges. SLB's President highlighted the importance of low-carbon hydrogen production technologies for industrial decarbonization and global net-zero goals. The collaboration between John Cockerill Hydrogen and SLB is poised to drive the deployment of innovative solutions worldwide.