Strohm Holding B.V., a leading producer of Thermoplastic Composite Pipe (TCP), has completed a successful €30m capital raise to enhance its manufacturing operations. The investment, led by SENCO Hydrogen Capital and supported by new and existing investors including HydrogenOne Capital Growth, will facilitate the expansion of Strohm's unique TCP solutions for conventional energy and renewable applications. Strohm's technological advancements have garnered the interest of major clients such as ExxonMobil, TotalEnergies, and PRIO, with significant projects like natural gas pipeline installations in various regions, including the recent groundbreaking work in Guyana. The investment signifies confidence in Strohm's role in the energy transition, particularly in offshore hydrogen and carbon capture applications. Strohm's profitability and revenue growth demonstrate the market demand for its TCP solutions and its efficiency in addressing environmental concerns like CO2 emissions in the pipeline sector. Dr JJ Traynor of HydrogenOne Capital LLP praised Strohm's pioneering work in TCP technology, emphasizing the importance of reducing CO2 emissions. Bernhard Mohr, chairman of Strohm's supervisory board, highlighted the value of partnering with SENCO for energy transformation investments, aiming to drive innovation and sustainability. The collaboration aims to address current challenges by developing cutting-edge solutions. Strohm's success story reflects not only its technological advancements but also its commitment to shaping a sustainable future through its TCP solutions.