Utility Global

What Utility Global does

Utility Global is a Houston, Delaware-incorporated, private industrial decarbonization company founded in 2018 that develops and deploys its proprietary H2Gen electrochemical platform for hard-to-abate industrial sectors. H2Gen converts water into high-purity hydrogen (fuel-cell grade, 99.995%) and a co-product CO2 stream (>95% purity in refining/petrochemical applications) using the residual electrochemical energy in industrial off-gases and biogases, without any external electricity input. The underlying eXERO (Electroless Coupled Exchange Reduction Oxidation) chemistry is implemented through proprietary ceramic-metal electrochemical cells protected by 20+ patent applications and scaled through a manufacturing partnership with Kyocera at Hendersonville, NC (initial capacity online 2026). Product configurations scale from a 50 kg/day Frontier Plant demonstration platform in Houston to 2–5 TPD commercial reactors deployed in steel, refining, petrochemical, chemical, mobility, and biogas applications.

Utility sells bespoke, project-engineered H2Gen systems directly to enterprise industrial customers (steel producers, refiners, petrochemical operators, dairy/biogas developers, mobility fleets) under multi-year contracting cycles involving FEED, demonstration, and FID phases. Go-to-market is enterprise field sales supported by former C-suite executives from Nippon Steel (Tetsuya Shioda), TotalEnergies (Eric Duchesne), and Tata Steel/ThyssenKrupp (Dr. Henrik Adam), channel partnerships for regional execution (SAMJIN E&I, Kunhwa E&C, GH EnA, Hanwha E&C in South Korea; Symbio in North American mobility), and government/municipal agreements (Seongnam). Revenue derives from hardware system sales, engineering/FEED services, and ongoing operational support; pricing is project-specific with no standardized SaaS or per-unit pricing disclosed. Total disclosed funding is $178M+ across Series B (2022), Series C (2024), and a Series D first close in February 2026 led by Ara Partners and APG Asset Management, with management indicating the Series D may be the final equity raise before commercial sustainability.

Name

Utility Global

Legal name

Utility Global, Inc.

Website

https://utilityglobal.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

101–250 employees

Short description

Utility Global develops and deploys the H2Gen electrochemical platform, which produces hydrogen and capture-ready CO2 from industrial off-gases without external electricity, targeting hard-to-abate steel, refining, petrochemical, chemical, and mobility customers.

Ownership category

akta.pro rank

Product category

Industrial Decarbonization / Clean Hydrogen Production Systems

NAICS

Industrial Gas Manufacturing (32512)

SIC

Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Hydrogen (Industrial & Mobility) (IMAEACAB)

akta.pro secondary industry

Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)

Keywords

• Clean hydrogen production
• Industrial decarbonization systems
• Electrochemical hydrogen platforms
• Carbon capture solutions
• Off-gas conversion technology

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. H2Gen System Sales and Deployment: Utility sells or licenses its H2Gen systems to industrial customers for on-site hydrogen production and carbon capture. Revenue derives from system sales, engineering/FEED services, and ongoing operational support for deployed units. Pricing is project-specific and bespoke for each industrial customer deployment.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Utility Global develops and sells H2Gen® electrochemical systems that convert water into high-purity hydrogen and a capture-ready CO2 stream using residual electrochemical energy in industrial off-gases and biogases, without requiring any external electricity. The modular, scalable systems integrate directly into existing steel, refining, petrochemical, chemical, and biogas facilities for on-site clean hydrogen production and carbon capture.

Product overview

Utility Global offers the H2Gen® technology as its primary product—a proprietary hydrogen production system that converts water into clean hydrogen and high-purity CO2 streams without electricity using an electrochemical process powered by industrial off-gases and biogases. The underlying eXERO® Technology Platform enables the zero-electricity conversion process. H2Gen systems are modular, scalable, and designed for integration into existing industrial infrastructure across hard-to-abate sectors including steel, refining, petrochemicals, chemicals, low-carbon fuels, and upstream oil and gas. The company also operates demonstration facilities including the Frontier Plant in Houston (50 kg/day capacity) and is developing multiple commercial projects globally such as Project Advantage with ArcelorMittal Brazil, Project Champion in California, and Frontier Korea in South Korea.

Differentiator

Problem solved

Functional benefit

Products and services

• H2Gen® Proprietary hydrogen production system that converts water into high-purity hydrogen and a separate high-purity CO2 stream using residual electrochemical energy in industrial off-gases and biogases, without requiring any external electricity. Designed for hard-to-abate industrial sectors including steel, refining, petrochemicals, chemicals, low-carbon fuels, and upstream oil and gas. Modular and scalable from 50 kg/day to multi-ton-per-day.
• eXERO® Technology Platform Core zero-electricity process technology platform (Electroless Coupled Exchange Reduction Oxidation) underlying H2Gen systems. Enables conversion of industrial off-gases and biogases into high-purity hydrogen without external electricity supply.
• Frontier Plant Fully operational, commercial-grade H2Gen platform located at Utility Global's Advanced Manufacturing Facility in Houston, Texas. Scaled version of 2-5 TPD commercial reactor with 50 kg/day hydrogen capacity. Serves as a test bed for customer feed gas compositions and a showcase campus for customers, investors, and partners.

Quantifiable outcome

• Project Champion achieves carbon intensity of -875 gCO2e/MJ, among the lowest ever recorded for transportation fuels (dairy biogas-to-hydrogen)
• +6 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

13 partnerships are on record, tiered core, flagship and secondary.

• SAMJIN E&I (South Korea)coreImplementation/ SI/ Consulting Partner · 9 June 2026Engineering services agreement to advance the H2Gen hydrogen production project in Daejeon, South Korea. Daejeon facility targets 3.5 TPD hydrogen for hydrogen-powered tram fleet (South Korea's first). Project progressing through front-end loading with FID targeted for June 2027.
• SAMJIN E&IcoreStrategic or Co-development Partner · 3 June 2026Strategic collaboration agreement to advance low-carbon hydrogen production projects in South Korea, including Daejeon H2Gen deployment and Frontier Korea demonstration initiative in Seongnam. Aims for fully financed FID by June 2027. Collaboration on project development, government engagement, and localization of H2Gen skid assembly to Korean industrial standards.
• Kyocera International, Inc.coreTechnology or Integration · 11 December 2025Strategic partnership for high-volume manufacturing of Utility's proprietary ceramic-metal electrochemical cells for H2Gen systems. Initial manufacturing hub established at Kyocera's Fine Ceramics facility in Hendersonville, North Carolina, with initial production capacity expected operational in 2026. Further global manufacturing expansion planned in sync with demand. Combines Utility's breakthrough materials technology with Kyocera's advanced manufacturing excellence and global presence.
• Symbio North America CorporationcoreStrategic or Co-development Partner · 10 November 2025Strategic alliance to develop zero-emission hydrogen fuel cell refuse trucks in North America. Symbio received South Coast AQMD Clean Fuels Fund grant for demonstration. Utility manages hydrogen fueling logistics and operations. Non-exclusive alliance already effective, allowing both parties to pursue additional partnerships. Initial vehicle trials planned with WM, CR&R, Cities of Los Angeles and Riverside in H1 2026.
• Seongnam Municipal Government of KoreaflagshipStrategic or Co-development Partner · 28 October 2025Project agreement signed to establish Frontier Korea H2Gen Demonstration and Certification Plant at the Seongnam Water Reclamation Center. First H2Gen deployment outside the USA. Produces fuel-cell-grade hydrogen from wastewater biogas for local hydrogen fueling station serving fuel-cell buses, trucks, and cars. Utility established Utility Korea LLC subsidiary for this initiative. FID targeted for June 2027.
• Maas Energy Works (MEW)flagshipStrategic or Co-development Partner · 7 October 2025Agreement to develop first commercial project in California using dairy digester biogas for direct hydrogen fuel production. MEW develops, builds, and operates anaerobic digesters and biogas treatment; Utility develops and operates H2Gen fuel production system. Project produces ~3 TPD carbon-negative hydrogen for heavy-duty mobility. Project Champion aims for FID following feasibility studies in 2026.
• ArcelorMittal BrazilflagshipStrategic or Co-development Partner · 29 July 2025Collaboration to deploy H2Gen system at ArcelorMittal's Juiz de Fora plant in Minas Gerais, Brazil. Project entered FEED process using blast furnace off-gas to produce 3 TPD clean hydrogen. ArcelorMittal invested $5M in Utility through its XCarb Innovation Fund. Demonstrates H2Gen integration into integrated steelmaking.
• Kunhwa E&CsecondaryStrategic or Co-development Partner · 1 July 2025Joint Project Development Agreement to deploy H2Gen technology for clean hydrogen production from biogas in South Korea. Kunhwa E&C brings local engineering expertise and infrastructure capabilities. Initial projects targeting biogas-to-hydrogen hubs for heavy mobility.
• Hanwha Corporation E&C DivisionsecondaryStrategic or Co-development Partner · 28 April 2025Collaboration to develop cost-effective clean hydrogen production using biogas from wastewater treatment facilities. Leverages Hanwha's engineering and construction capabilities in Korea's growing hydrogen economy.
• GH EnA (Korea)secondaryStrategic or Co-development Partner · 13 January 2025Joint project development in Korea to implement H2Gen projects for clean hydrogen production from biogas for mobility applications.
• Colorado School of MinessecondaryStrategic or Co-development Partner · 13 December 2023Strategic partnership for accelerated research programs. Colorado grant awarded for research to optimize eXERO technology for steel and chemical processing applications. Collaboration advances fundamental R&D for H2Gen technology.
• Rockwell AutomationsecondaryTechnology or IntegrationRockwell selected to automate Utility's economic clean hydrogen production systems. Control platform supports scalable, modular H2Gen systems to accelerate deployment and ensure operational reliability across commercial installations.
• South Coast Air Quality Management District (South Coast AQMD)secondaryStrategic or Co-development PartnerAwarded Clean Fuels Fund grant to Symbio (with Utility as hydrogen supply partner) for hydrogen fuel cell refuse collection vehicle demonstration in South Coast Air Basin. Initial vehicle trials planned with WM, CR&R, Cities of Los Angeles and Riverside in H1 2026.

Scale indicators7 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Nel ASA: Nel is a leading PEM and alkaline electrolyzer manufacturer supplying industrial-scale green hydrogen systems to refining, steel, and chemicals customers. Directly comparable to Utility Global as a hydrogen production technology vendor targeting hard-to-abate industrial offtakers.
• ITM Power: ITM Power manufactures PEM electrolyzers and refueling systems for industrial and mobility hydrogen. Competes head-to-head with Utility Global for industrial hydrogen offtake contracts where grid-power-free or off-gas-fed solutions are evaluated.
• Plug Power: Plug Power is an integrated hydrogen producer and fuel-cell systems provider with proprietary electrolyzer and liquefaction technology serving industrial and mobility customers. Overlaps with Utility in selling turnkey industrial hydrogen production, though anchored on grid/renewable powered electrolysis.
• Topsoe: Topsoe supplies SOEC electrolyzers and traditional SMR/CCS hydrogen process technology to refining and chemicals operators. Comparable to Utility in targeting the same hard-to-abate industrial customers with competing hydrogen production architectures.
• thyssenkrupp nucera: nucera is a leading alkaline and PEM electrolyzer supplier pursuing large industrial offtake in steel, refining and chemicals. Direct competitor in the industrial hydrogen plant market Utility Global addresses.

Emerging players

• C-Zero: C-Zero is a private decarbonization startup developing novel approaches to produce low-carbon hydrogen from natural gas. Comparable emerging player with a similarly disruptive non-electrolyzer hydrogen production technology competing for industrial early-adopters.
• Boston Metal: Boston Metal uses molten oxide electrolysis to decarbonize steelmaking. Compares to Utility as an electrochemical decarbonization platform targeting ArcelorMittal-class integrated steel customers with technology-led cost advantages over incumbent routes.
• LanzaTech: LanzaTech uses gas fermentation to convert waste gases (steel off-gases, biogas) into fuels and chemicals — the same off-gas-to-value problem Utility solves. Comparable in feedstock strategy and customer base (ArcelorMittal, Indian Oil) but on a biological platform.

Broad incumbents

• Air Products: Air Products is the world's largest merchant hydrogen producer and a leading EPC contractor for large-scale industrial hydrogen plants. Broad incumbent overlap with Utility at the largest industrial hydrogen offtake contracts and in CCS-coupled blue hydrogen supply.
• Linde: Linde is a global industrial gases leader with a major hydrogen production, storage, and distribution franchise serving refining and chemicals. Relevant broad incumbent competing with Utility in on-site industrial hydrogen supply and decarbonization roadmaps.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/utility-global
• YouTubeyoutube.com/channel/UCXjGtLQ2l6c5cN6xI-fPmMQ

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors9 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Utility Global