Investment firm, HydrogenOne has revealed it has invested £8.4m ($10.2m) in the Netherlands-based hydrogen pipeline company, Strohm, as part of a funding round that closed at £11.8m ($14.29m).
The UK-based capital venture business has said alongside Shell Ventures, Chevron Technology Ventures and Evonik Venture Capital, it closed a funding round for Strohm totalling £11.8m ($14.29m).
With a second funding close expected, HydrogenOne has said it may invest a further £1.7m ($2.05m), with the round anticipated to be at least £5.1m ($6.17m). H2 View understands, following the investment, HydrogenOne will have the right to board a seat at Strohm.
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