Utility Global has secured a $100 million first close in its Series D, led by Ara Partners and APG Asset Management, to push its industrial decarbonization platform into full commercial stride.
The Houston based company is scaling its proprietary H2Gen system, which produces clean hydrogen and a high purity CO₂ stream by using industrial off gases instead of electricity. That design matters. It allows heavy emitters to plug into existing infrastructure rather than rebuild from scratch.
Hard to abate sectors like steel, refining, petrochemicals, chemicals, and upstream oil and gas do not need more pilot projects. They need retrofit ready solutions that compete on cost and reliability. Utility’s pitch is simple: generate economic hydrogen on site and produce capture ready CO₂ in the same motion, lowering emissions without rewriting the balance sheet.
Proceeds will expand manufacturing capacity, deepen project delivery teams, and accelerate deployments across the Americas, Europe, and Asia