Strohm Secures $21.4 Million Investment to Expand CCUS and Hydrogen Market Presence
Dutch thermoplastic composite pipe (TCP) technology company Strohm has secured a significant investment of $21.4 million from SENCO Hydrogen Capital, aimed at boosting its growth trajectory focused on hydrogen and carbon capture utilization and storage (CCUS) applications.
Hydrogen fuel cell
The partnership between the two companies also seeks to reduce carbon footprint in the pipeline infrastructure for conventional energies, in order to achieve more sustainable energy supply solutions overall.
“We identified Strohm in 2023 as a market leader in the development of TCPs, an innovative, sustainable and value-adding contribution to the growing global offshore energy industry. We look forward to actively supporting the company’s future growth, together with its management and professional investor base,” said Carsten Schmeding, CEO and Managing Partner of SENCO.
Carbon capture technology
“The partnership with SENCO enables us to further scale our technologies and continue our successful expansion, especially in the field of energy transformation around hydrogen and CCUS,” added Martin van Onna, CEO of Strohm.
Scaling Up Sustainable Energy Solutions
The investment is a significant milestone for Strohm, as it looks to expand its presence in the hydrogen and CCUS markets. The company’s TCP technology has been recognized for its innovative approach to reducing carbon footprint in the pipeline infrastructure.
Sustainable energy solutions
The partnership with SENCO Hydrogen Capital is expected to accelerate Strohm’s growth plans, enabling the company to further develop its TCP technology and expand its market presence.
A Step Towards a Sustainable Future
The investment is a significant step towards a sustainable future, as the world transitions towards cleaner and more sustainable energy solutions. Strohm’s TCP technology has the potential to play a significant role in reducing carbon emissions and achieving a more sustainable energy supply.
Renewable energy sources
As the world continues to transition towards a more sustainable future, investments like this are crucial in driving innovation and growth in the sustainable energy sector.
