John Cockerill and Technip Energies (PARIS: TE), two industrial leaders in the hydrogen market, announce the launch of Rely, a unique provider of integrated and competitive green hydrogen solutions.
Energy and heavy industries are at a major turning point. To reach Net Zero goals, these vital contributors to the global economy require massive decarbonization. Green hydrogen and its derivatives (power-to-X(1)) will, as clean fuels, play a critical role in decarbonizing hard-to-abate and hard-to-electrify industries.
Technip Energies and John Cockerill share a common objective of driving acceleration in energy transition. Technip Energies will leverage more than 60 years’ experience of best-in-class project delivery and technology integration capabilities, including a leading market share with over 270 hydrogen plants delivered. John Cockerill will draw on its 200 plus years of industrial know-how, its engineering and manufacturing expertise, and a 20% plus share of the electrolyzer market.
Key data points: The growth forecast is 20.2% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the industrial hydrogen fuel cell system market to 2031 by type (proton exchange membrane fuel cell, phosphoric acid fuel cell, solid oxide fuel cell, molten carbonate fuel cell, and others), application (transportation, stationary power generator, steel industrial processes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Download free sample pagesRely will offer end-to-end solutions, from pre-Final Investment Decision services including technical & financial advisory through to proprietary products, project execution and operation and maintenance.
Innovation will be instrumental in breaking cost barriers and enabling the rapid growth of green hydrogen markets. Through a unique research and development platform, which will deliver technology enhancements, new technologies and products, and improved project economics for green hydrogen and power-to-X markets.
Rely will ensure project execution for its clients by securing the supply chain thanks notably to a capacity reservation and supply contract for pressurized alkaline electrolyzer with John Cockerill Hydrogen, a subsidiary of John Cockerill. As part of the agreement Rely is expected to become a minority shareholder in John Cockerill Hydrogen with a 10% minority stake.
Rely will address the market for industrial and utility scale projects with the ambition to reach revenues of more than €1 billion by 2030.
