SENCO, a private equity firm specializing in investments in the H₂ and energy-in-transition spaces, has successfully completed a €20-MM investment in Strohm. Strohm is a Dutch company specializing in the development and manufacture of innovative pipelines for the conventional and renewable energy sectors. This investment, made shortly after the first closing of SENCO’s H₂ Equity Fund, marks a milestone for both companies and underlines their commitment to a more sustainable and future-proofed energy supply.

"With this investment, we are supporting innovative, carbon footprint reducing technologies that are critical to the success of the H₂ economy and renewable energies" explained Carsten Schmeding, CEO and Managing Partner of SENCO. "We identified Strohm in 2023 as a market leader in the development of thermoplastic composite pipelines (TCP), 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.

SENCO's investment in Strohm emphasizes the high growth momentum of supplier companies for the energy transformation and its value-chain. "We are currently seeing a large number of growth-oriented companies that are making important contributions to the success of the energy transition. These companies are highly attractive from an investment perspective, largely irrespective of interest rate developments and the macroeconomic framework data. Strohm is a perfect example of this,"said Oliver Kolbe, Managing Partner of SENCO.

Strohm is a pioneer in the development of TCP and has set itself the goal of significantly reducing CO₂ emissions in the pipeline infrastructure sector. "The partnership with SENCO enables us to further scale our technologies and continue our successful expansion, especially in the field of energy transformation around H₂ and CCUS," said Martin van Onna, CEO of Strohm.

"With the value-adding and outstanding expertise of the SENCO team in the field of energy transformation investments, we are strengthening Strohm's position as an innovator and pioneer in the development of TCP. We look forward to working with SENCO as a shareholder in Strohm to develop innovative solutions to shape a sustainable future and address the challenge of our time," added Bernhard Mohr, Chairman of the Supervisory Board of Strohm and Managing Director of EVONIK Venture Capital.