Clifford Chance has advised SFPIM, the Belgian sovereign wealth fund, and Wallonie Entreprendre, the Walloon public investment institution, in the context of their participation in a 230M€ capital increase of John Cockerill Hydrogen (JCH2), a subsidiary of John Cockerill.

JCH2 is a leader in the energy transition as one of the largest global manufacturer of pressurized alkaline electrolyzers, a proven technology to economically produce green hydrogen at scale.

The investment by SFPIM and WE will be realised alongside SLB (ex-Schlumberger), acting as lead investor, as well as international industrial-oriented family offices.

Closing of the capital funding round is expected to take place by the end of June 2024.

The Clifford Chance team was led from Brussels by partner Patrice Viaene, together with senior associate Nathan Tulkens and associate Gillis Waelkens.