Dutch Company Strohm Receives $21.4 Million Investment for Hydrogen and CCUS Growth
Key Ideas
  • Strohm, a Dutch thermoplastic composite pipe technology company, secures a $21.4 million investment from SENCO Hydrogen Capital for hydrogen and CCUS applications.
  • The partnership aims to reduce carbon footprint in pipeline infrastructure for conventional energies, promoting more sustainable energy supply solutions.
  • SENCO's investment signifies a commitment to sustainable energy and marks a milestone for both companies in enhancing growth and technological advancements.
  • The collaboration between Strohm and SENCO is set to boost the development and expansion of innovative technologies in the energy transformation sector.
Strohm, a leading Dutch thermoplastic composite pipe (TCP) technology company, has recently announced a significant investment of $21.4 million from SENCO Hydrogen Capital, with a primary focus on advancing hydrogen and carbon capture utilization and storage (CCUS) applications. The investment is intended to accelerate Strohm's growth trajectory in sustainable energy solutions, particularly in the offshore energy industry. This partnership between Strohm and SENCO aims to enhance the pipeline infrastructure for traditional energy sources, paving the way for a more environmentally friendly and sustainable energy supply chain. SENCO Hydrogen Capital, a private equity firm specializing in investments within the hydrogen and energy transition sectors, made this substantial investment following the initial closing of its Hydrogen Equity Fund. The move not only highlights SENCO's strategic approach towards sustainable investments but also underscores its dedication to fostering a more sustainable energy landscape. Carsten Schmeding, the CEO and Managing Partner of SENCO, expressed confidence in Strohm's position as a market leader in TCP development, emphasizing the company's innovative contribution to the offshore energy domain. Martin van Onna, the CEO of Strohm, welcomed the investment from SENCO as a crucial enabler for scaling up their technologies and further expanding their footprint in the energy transformation sector, specifically focusing on hydrogen and CCUS technologies. This collaboration signifies a step towards driving innovation and sustainable practices in energy infrastructure, underlining a shared commitment towards a greener and future-oriented energy ecosystem. The partnership between Strohm and SENCO is poised to propel advancements in technology and contribute to the evolution of energy solutions that are both efficient and environmentally responsible.
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