SENCO Hydrogen Capital, a private equity firm, has invested €20 million in the Dutch manufacturer Strohm to support its growth in hydrogen and carbon capture, utilization, and storage (CCUS) applications. The investment comes after SENCO's Hydrogen Equity Fund's first closing and aims to enhance Strohm's position as an innovator in pipeline technology. Strohm recently completed a successful six-month hydrogen testing program on its thermoplastic composite pipes (TCP) in Germany, demonstrating highly promising results with exceptionally low hydrogen permeation values. This testing confirms the technical suitability of Strohm's TCP for high-pressure hydrogen service. Additionally, Strohm secured a significant commercial award for pipe supply, thanks to a new contract for an oil development project with ExxonMobil off the coast of Guyana. The partnership between SENCO and Strohm is focused on reducing the carbon footprint in pipeline infrastructure and promoting sustainable energy solutions. The investment from SENCO and other shareholders, including major companies like Chevron and Shell Ventures, highlights the growing interest in energy transformation investments and the potential for companies like Strohm to drive positive change in the industry.