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SENCO invests 20 million euros in Strohm

SENCO Hydrogen Capital invests €20 million in Strohm, leader in composite pipelines, to support its growth and innovation in the hydrogen and CCUS sectors.

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SENCO investit 20 millions d'euros dans Strohm.

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SENCO Hydrogen Capital, a private equity firm specializing in transitional energies, announces a €20 million investment in Strohm. Strohm, based in the Netherlands, is renowned for its thermoplastic composite pipelines (TCP). This investment is designed to strengthen Strohm’s position in hydrogen and carbon capture and storage (CCUS) applications, contributing to its expansion on the international market. SENCO’s capital injection follows the initial closing of its Hydrogen Equity fund. This strategic partnership marks a key milestone for both companies, underlining their commitment to advanced, sustainable energy solutions.

Development prospects

Carsten Schmeding, CEO and Managing Partner of SENCO, said, “We support innovative technologies that are essential for the future of renewable energies.” SENCO identified Strohm in 2023 as a leader in the development of thermoplastic composite pipelines, offering a sustainable, high-value solution to the offshore energy industry. Oliver Kolbe, Managing Partner of SENCO, added: “We are seeing strong growth in companies that are making significant contributions to the energy transition. Strohm is a notable example of this.”

Expansion and collaboration with Renom Partners

Martin van Onna, CEO of Strohm, emphasized that the partnership with SENCO will enable Strohm to develop its technologies and expand its business, particularly in the fields of hydrogen and CCUS. Bernhard Mohr, Chairman of Strohm’s Supervisory Board and Managing Director of EVONIK Venture Capital, added: “With SENCO’s expertise in energy transformation investments, we are strengthening Strohm’s position as a pioneer in TCP development.” SENCO joins a group of renowned shareholders, including Chevron Technology Ventures, Evonik Venture Capital, HydrogenOne Capital, ING Corporate Investments and Shell Ventures, for a total of 30 million euros. This collaboration aims to promote the development of innovative technologies and support low-carbon solutions. This investment underlines the importance of innovation and collaboration in the boominghydrogen energy sector. By supporting companies like Strohm, SENCO and its partners are demonstrating their commitment to meeting the challenges of the energy market and promoting sustainable growth.

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