SENCO Hydrogen Capital Invests €20 Million in Dutch Pipeline Company Strohm
Key Ideas
- SENCO Hydrogen Capital completes a €20 million investment in Strohm, a Dutch pipeline company specializing in hydrogen and CCUS applications.
- The investment aims at boosting Strohm's growth trajectory in sustainable energy solutions and reducing carbon footprint in pipeline infrastructure.
- This partnership highlights a commitment to a more sustainable and future-proofed energy supply, aligning with SENCO's Hydrogen Equity Fund initiatives.
SENCO Hydrogen Capital, a private equity firm focusing on hydrogen and energy transition, has invested €20 million in Strohm, a Dutch company known for its innovative pipelines. This investment, following the first closing of SENCO's Hydrogen Equity Fund, signifies a major milestone for both firms. The partnership aims to propel Strohm's growth specifically in hydrogen and carbon capture utilization and storage (CCUS) applications. Additionally, the collaboration seeks to decrease the carbon footprint in conventional energy pipeline infrastructure to enhance sustainable energy solutions. By supporting innovative and sustainable practices, SENCO and Strohm are working towards a greener and more future-resilient energy sector.