SUBSCRIBE
PROFILE

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.

Share:

SENCO investit 20 millions d'euros dans Strohm.

Comprehensive energy news coverage, updated nonstop

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99€/year

OTHER ACCESS OPTIONS

7-Day Pass

Up to 50 articles accessible for 7 days, with no automatic renewal

3 €/week*

FREE ACCOUNT

3 articles/month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 30,000 articles • 150+ analyses per week

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.

  • Popular on energynews.pro
Nordex secures 2.2 GW in Q3 orders, up 26% year-on-year
EIB grants $250mn loan for Costa Rica’s first electric train
Rockpoint Gas Storage raises C$704mn in Canadian IPO
Fermi America secures firm gas supply from Energy Transfer for HyperGrid campus launch
Clariant targeted by BP and ExxonMobil in ethylene case
Aramco takes control of Petro Rabigh with $702 million acquisition
Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.
Chevron opens new tech hub in Bengaluru to support global projects
Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.
Ineos cuts 60 jobs in the UK and calls for antidumping duties
Amid rising energy costs and a surge in cheap imports, Ineos announces a 20% workforce reduction at its Hull acetyls site and urges urgent action against foreign competition.
Mining mergers in Africa: groups strengthen their position on critical metals
Driven by growing demand for strategic metals, mining mergers and acquisitions in Africa are accelerating, consolidating local players while exposing them to a more complex legal and regulatory environment.
Ares Management acquires 49% stake in US energy portfolio from EDPR
Ares Management has acquired a 49% stake in ten energy assets held by EDP Renováveis in the United States, with an enterprise value estimated at $2.9bn.
Ameresco signs $197mn contract to modernise NRL’s energy infrastructure
Ameresco secured a $197mn contract with the U.S. Naval Research Laboratory to upgrade its energy systems across two strategic sites, with projected savings of $362mn over 21 years.
Enerflex to release Q3 results on November 6 before markets open
Enerflex Ltd. announced it will release its financial results for Q3 2025 before markets open on November 6, alongside a conference call for investors and analysts.
Veolia and TotalEnergies sign agreement to optimise industrial resources
Veolia and TotalEnergies formalise a strategic partnership focused on water management, methane emission reduction and industrial waste recovery, without direct financial transaction.
North Atlantic takes key step toward acquiring Esso S.A.F.
North Atlantic and ExxonMobil have signed an agreement for the sale of ExxonMobil’s stake in Esso S.A.F., a transaction subject to regulatory approvals and financing agreements to be finalised by the end of 2025.
CPP Investments injects $1 billion into AlphaGen to support AI-driven energy growth
The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.
BlackRock and Canada Pension Plan finalise $6.2bn Allete buyout with Minnesota approval
Minnesota’s public regulator has approved the $6.2bn acquisition of energy group Allete by BlackRock and the Canada Pension Plan, following adjustments aimed at addressing rate concerns.
Statkraft sells its district heating business for NOK3.6bn to Nordic consortium
Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
Petronas Gas separates regulated and non-regulated activities in major reorganisation
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.
Marubeni creates power trading joint venture with SmartestEnergy in Japan
Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
Exxon to cut up to 500 jobs in Singapore as part of global restructuring
Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.
Phoenix Energy begins trading preferred shares on NYSE American under PHXE.P
Phoenix Energy raised $54.08mn through a preferred stock offering now listed as PHXE.P on NYSE American, with an initial dividend scheduled for mid-October.
TotalEnergies cuts investments while accelerating energy production
TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.
Occidental in talks to sell OxyChem in a $10bn deal
Occidental Petroleum is considering selling its chemical subsidiary OxyChem for $10bn, a transaction that forms part of its deleveraging strategy launched after several major acquisitions.
ABO Energy considers operating its own wind and solar parks
ABO Energy is assessing a shift to independent power production by operating its own renewable parks, signalling a major strategic move in a market that has become more favourable.
Fortescue forges global industrial alliances to electrify its mining operations
Fortescue accelerates the decarbonisation of its operations by leveraging an international network of technology and industrial partners, targeting net zero at its mining sites by 2030.

All the latest energy news, all the time

8.25€/month*

*billed annually at 99€/year for the first year then 149,00€/year ​

Unlimited access - Archives included - Pro invoice

START - 99€/year

7 DAY PASS

Up to 50 items can be consulted for 7 days,
without automatic renewal

3€/week*

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.