John Cockerill Advances with Acquisition of McPhy Energy

15 Jul 2025 CW Team

The Belfort Commercial Court approved the transaction, ensuring the continued operation of this strategic facility and reinforcing France’s position in the hydrogen sector. Nicolas de Coignac, CEO of John Cockerill Hydrogen, remarked that the acquisition represented a significant step toward the company's goal of developing advanced electrolyser technologies. He explained that acquiring McPhy’s assets not only safeguarded a vital industrial resource but also laid the foundation for the future of electrolyser innovation.

The integration of McPhy’s components with John Cockerill’s electrolysis systems is expected to deliver a performance improvement of 10 to 15 per cent. This move is also seen as critical in maintaining and enhancing the competitiveness of France’s hydrogen infrastructure.

On a regional level, Senator Cédric Perrin stressed the importance of retaining the Belfort facility as a strategic asset that would support the area’s transition into the hydrogen economy. Mayor Damien Meslot welcomed the deal, noting that the Gigafactory was now entering a new phase backed by a major industrial player. He expressed optimism that market development and public support would follow, driving growth for the sector in both France and Europe.

In addition to reinforcing its presence in France—particularly in Aspach and Belfort—John Cockerill will continue to operate R&D and assembly units at its headquarters in Seraing, Belgium. Overall, this acquisition marks a crucial milestone in the consolidation and expansion of the hydrogen electrolysis sector amid the global energy transition.

News source: Manufacturing Today

John Cockerill Hydrogen has acquired key assets from McPhy, securing the future of the Belfort Gigafactory in France and preserving approximately 50 skilled jobs. The acquisition is aimed at accelerating the development of next-generation pressurised alkaline electrolysers, which are essential for advancing clean energy technologies and supporting the decarbonisation of heavy industry.The Belfort Commercial Court approved the transaction, ensuring the continued operation of this strategic facility and reinforcing France’s position in the hydrogen sector. Nicolas de Coignac, CEO of John Cockerill Hydrogen, remarked that the acquisition represented a significant step toward the company's goal of developing advanced electrolyser technologies. He explained that acquiring McPhy’s assets not only safeguarded a vital industrial resource but also laid the foundation for the future of electrolyser innovation.The integration of McPhy’s components with John Cockerill’s electrolysis systems is expected to deliver a performance improvement of 10 to 15 per cent. This move is also seen as critical in maintaining and enhancing the competitiveness of France’s hydrogen infrastructure.On a regional level, Senator Cédric Perrin stressed the importance of retaining the Belfort facility as a strategic asset that would support the area’s transition into the hydrogen economy. Mayor Damien Meslot welcomed the deal, noting that the Gigafactory was now entering a new phase backed by a major industrial player. He expressed optimism that market development and public support would follow, driving growth for the sector in both France and Europe.In addition to reinforcing its presence in France—particularly in Aspach and Belfort—John Cockerill will continue to operate R&D and assembly units at its headquarters in Seraing, Belgium. Overall, this acquisition marks a crucial milestone in the consolidation and expansion of the hydrogen electrolysis sector amid the global energy transition.News source: Manufacturing Today

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