HydrogenOne Capital Growth plc, a London-listed fund invested in clean hydrogen, celebrated the successful completion of a €30 million capital raise by its portfolio company, Strohm Holding B.V. The funding will propel Strohm, a pioneer in Thermoplastic Composite Pipe technology, to expand its manufacturing operations and enhance its capacity to offer unique solutions for offshore energy applications, including hydrogen and carbon capture. Led by SENCO Hydrogen Capital with a €20 million investment, the round also saw participation from existing shareholders, showcasing confidence in Strohm's potential in the energy transition sector. HydrogenOne's investment advisor praised Strohm's role in addressing CO2 emissions in the pipeline industry. Strohm, headquartered in the Netherlands, has a strong track record in TCP technology and is committed to sustainability through its composite subsea flowlines that aid clients in achieving net-zero carbon emissions. The company's TCP pipelines offer improved corrosion resistance, lower costs, and a reduced carbon footprint compared to traditional steel pipelines. With manufacturing facilities in IJmuiden (Netherlands), Houston (USA), and Rio de Janeiro (Brazil), Strohm's technology has proven to significantly decrease CO2 emissions while being fully recyclable. This capital raise not only signifies financial growth for Strohm but also highlights the industry's increasing focus on sustainable energy solutions and the pivotal role of innovative technologies like TCP in reducing environmental impact. The collaboration between Strohm and SENCO, along with the support from HydrogenOne, reflects a collective effort towards shaping a greener and more sustainable future in the energy sector.