Utility Global lands $100M Series D round to deploy H2Gen globally
In Texas, Utility Global recently announced a first close of $100 million in its Series D financing round, led by Ara Partners and APG Asset Management (one of the world’s largest pension investors on behalf of Dutch pension funds). This milestone financing will allow Utility to globally deploy its proprietary H2Gen® technology at industrial scale.
The financing will accelerate Utility’s growth, enabling the continued expansion of its manufacturing capabilities, the strengthening of its project delivery teams, and the advancement of multiple commercial deployments across the Americas, Europe, and Asia. The capital will support its recently announced strategic partnerships and project announcements with Kyocera, Symbio North America Corporation, Seongnam Municipal Government of Korea, Maas Energy Works and ArcelorMittal. Utility’s focus remains on repeatable, economically viable solutions that integrate directly into industrial processes and enable near-term decarbonization at scale.
Category: Fuels
