Strohm Secures $21.4 Million Investment for Hydrogen and CCUS Growth
Key Ideas
- Strohm, a Dutch TCP technology company, receives a $21.4 million investment from SENCO Hydrogen Capital to enhance growth in hydrogen and CCUS applications.
- The partnership aims to reduce carbon footprint in conventional energy pipelines and advance sustainable energy solutions.
- SENCO, a private equity firm focusing on hydrogen and energy transition, sees Strohm as a market leader in TCP development for offshore energy.
- CEOs of both companies express excitement for future growth and technology expansion in the energy sector, particularly around hydrogen and CCUS.
Dutch thermoplastic composite pipe (TCP) technology company Strohm has secured a significant $21.4 million investment from SENCO Hydrogen Capital to accelerate its growth trajectory in hydrogen and carbon capture utilization and storage (CCUS) applications. The collaboration aims to improve the sustainability of pipeline infrastructure for traditional energies while enhancing overall energy supply solutions. SENCO, a private equity firm specializing in hydrogen and energy transition investments, recognizes Strohm as a leading developer of TCPs for the global offshore energy sector. Both companies are committed to driving a more sustainable and future-proofed energy supply. Carsten Schmeding, CEO of SENCO, emphasizes the innovative and value-adding nature of TCP technology, looking forward to supporting Strohm's future growth. Strohm's CEO, Martin van Onna, appreciates the partnership with SENCO, highlighting the opportunity to scale technologies and expand in energy transformation, especially concerning hydrogen and CCUS.