# Utility Global

> Utility Global is a Houston-based clean-energy technology company whose proprietary eXERO platform and H2Gen system produce high-purity hydrogen and a capture-ready CO2 stream from industrial off-gases and biogases - without using external electricity. By bolting onto the existing infrastructure of steel mills, refineries, petrochemical plants and other hard-to-abate sites, the company aims to make industrial decarbonization economically competitive with fossil-based hydrogen rather than dependent on subsidies or pilots.

- **Founded:** 2018
- **Headquarters:** Houston, Texas, United States
- **Founders:** Matt Dawson (Founder & Special Advisor)
- **Team size:** ~110 employees
- **Products:** eXERO Platform, H2Gen, CO-Gen, AM2H2
- **Notable:** Raised a $100M first close of Series D financing in February 2026, led by Ara Partners and APG Asset Management., Completed testing of a zero-electricity hydrogen reactor, validating its core eXERO chemistry., Developed a clean-hydrogen process that operates without external electricity, decoupling hydrogen production from grid power.

## Products & services

- **eXERO Platform** — Proprietary electrochemical technology platform (Electroless Coupled Exchange Reduction Oxidation) that converts industrial waste gases and biogases into high-purity hydrogen and syngas without an external electricity source.
- **H2Gen** — Flagship system that converts water and industrial off-gases into high-purity hydrogen plus a concentrated, capture-ready CO2 stream - operating without electricity input and integrating into existing plant infrastructure.
- **CO-Gen** — Transforms vented carbon dioxide into syngas for producing sustainable fuels and chemicals (e.g., e-methanol).
- **AM2H2** — Converts ammonia into fuel-cell-grade hydrogen for mobility and decentralized hydrogen applications.

## Achievements

- Raised a $100M first close of Series D financing in February 2026, led by Ara Partners and APG Asset Management.
- Completed testing of a zero-electricity hydrogen reactor, validating its core eXERO chemistry.
- Developed a clean-hydrogen process that operates without external electricity, decoupling hydrogen production from grid power.
- Attracted strategic industrial investors including ArcelorMittal, Ontario Power Generation, Samsung Venture Investment and Aramco Ventures.
- Advanced commercial deployments targeting the Americas, Europe and Asia.

## Latest updates

- **2026-02** — Announced $100M first close of Series D financing, led by Ara Partners and APG Asset Management, to deploy its H2Gen platform globally across the Americas, Europe and Asia.
- **2024-05** — Raised $53M Series C from ArcelorMittal's XCarb Innovation Fund, Ontario Power Generation and Ara Partners.
- **2022-09** — Closed $25M Series B and appointed Claus Nussgruber as CEO; Parker Meeks now serves as CEO & President.

## Links

- Website: https://utilityglobal.com
- LinkedIn: https://www.linkedin.com/company/utilityglobal

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Profile page: https://yespress.io/utility
Published by YesPress — https://yespress.io
Last updated: 2026-06-10