Strohm Holding, a company backed by the clean hydrogen investment fund HydrogenOne Capital Growth, has successfully raised €30m in a fundraising round. The round was led by Senco Hydrogen Capital, a private equity firm specializing in hydrogen and energy transition investments. In addition to Senco's €20m contribution, Strohm also received funding from HydrogenOne, totaling €1.2bn. The funding will enable Strohm, a thermoplastic composite pipe (TCP) producer, to scale up its production and manufacturing capacity. This expansion aims to meet the increasing demand for TCP solutions in both existing offshore projects and the emerging markets of offshore hydrogen and carbon capture. Investors, including JJ Traynor from HydrogenOne Capital LLP, have expressed confidence in Strohm's technology and its ability to address the need for reducing CO2 emissions in the pipeline infrastructure sector. Bernhard Mohr, chairman of Strohm's supervisory board, highlighted the expertise brought by Senco in energy transformation investments, emphasizing the company's innovative role in TCP development. The collaboration with Senco and other shareholders is viewed as a strategic move to enhance Strohm's position as a pioneer in TCP technology, supported by industry knowledge and financial backing.