Series D Round

Utility Global has successfully raised $100 million in the first close of its Series D funding round. This financing will enable the company to deploy its proprietary H2Gen® technology globally, facilitating industrial decarbonization through innovative, electricity-free hydrogen production. The funding is aimed at scaling up operations and expanding its economic industrial decarbonization platform to meet the growing demand from global industrial operators and infrastructure investors. The round was led by private equity firm Ara Partners and institutional investor APG Asset Management, highlighting the increasing interest in sustainable energy solutions. This funding will also support the development of new partnerships and collaborations within the hydrogen ecosystem, further solidifying Utility Global's position as a leader in the hydrogen technology space. Additionally, the funds will be utilized to launch a California biogas-to-hydrogen mobility initiative, enhancing the company's commitment to sustainable energy solutions.