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§ Private Profile · Houston, TX, USA
Gas production technology for affordable, low-carbon hydrogen.
Utility Global has raised $178.0M across 3 funding rounds.
Key people at Utility Global.
Utility Global has raised $178.0M in total across 3 funding rounds.
Utility Global develops the H2Gen® technology, a system for industrial decarbonization. This proprietary solution converts water into pure hydrogen using residual electrochemical energy from industrial off-gases and biogenic gases, driving electrolysis without external electricity. The technology also concentrates carbon dioxide from off-gas streams, offering a dual environmental benefit.
The company was founded in 2018 by David Hall, Jin Dawson, and Matt Dawson. Their insight arose from the pressing need for economic industrial decarbonization, aiming to facilitate a commercial transition toward a low-carbon global economy. This foundational drive guides the deployment of their innovative hydrogen production methods.
Utility Global targets hard-to-abate sectors including steel, low-carbon fuels, and refining, petrochemicals, and chemicals. The company envisions enabling these industries to decarbonize at scale without extensive asset replacement or operational disruption. Its long-term vision is to foster a low-carbon world through practical, commercially viable heavy industry solutions.
Utility Global has raised $178.0M in total across 3 funding rounds.
Utility Global's investors include APG, Ara Partners, Ontario Power Generation Pension Fund, Cory Steffek, Irina Gorbounova, Saudi Aramco Energy Ventures, NOVA, Samsung Ventures.
Key people at Utility Global.
Utility Global has raised $178.0M across 3 funding rounds. Most recently, it raised $100.0M Series D in February 2026.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Feb 17, 2026 | $100M Series D | APG, ARA Partners | — | Announced |
| Sep 25, 2024 | $53M Series C | Ontario Power Generation Pension Fund | Cory Steffek, Irina Gorbounova, Saudi Aramco Energy Ventures | Announced |
| Aug 8, 2022 | $25M Series B | Cory Steffek | Nova, Samsung Ventures, Saudi Aramco Energy Ventures | Announced |
Utility Global is a Houston-based clean energy technology company developing the H2Gen® platform, a proprietary electrochemical system that produces high-purity, low-to-negative carbon hydrogen from water using industrial off-gases and biogases—without requiring electricity—while enabling economical CO₂ capture.[1][2][3][4] It serves hard-to-abate industries like steel, mobility, upstream oil & gas, refining, and chemicals, solving the challenge of affordable decarbonization by integrating modular, scalable systems into existing infrastructure with minimal disruption, reducing emissions, energy use, and costs while maintaining business performance.[2][3][4] The company has shown strong growth momentum, raising $25M in funding by August 2023, completing a pilot program, securing partnerships like with Stelco, expanding headquarters and manufacturing, and earning recognition as #59 among TIME's Top GreenTech Companies of 2025 for its innovation and climate impact.[2][3]
Utility Global was incubated by top engineers from renowned institutions with the mission to deliver near-term, business-viable sustainability solutions for the energy transition.[1][3] Key leaders include CEO Parker Meeks, with over 20 years in energy and transition sectors; CFO with experience raising $35B and executing IPOs/LBOs; CTO Dr. Vladimir Novak, focused on clean energy commercialization; and executives from Aramco Ventures, TotalEnergies, and others bringing deep industry expertise.[3] The idea emerged from combining technical proficiency with decades of experience to address decarbonization economically. Pivotal early moments include validating thermodynamics, demonstrating commercial-scale cells by 2022, producing first hydrogen in May 2023, raising $25M in August 2023, completing the H2Gen pilot in January 2024, partnering with Stelco in March 2024, launching commercial operations, and opening facilities in Houston and Denver through 2024.[3]
(Note: Search results distinguish this Utility Global from unrelated software firms focused on smart grids.[5])
Utility Global rides the global clean hydrogen wave, addressing rising mandates for energy security, storage, and net-zero goals amid energy transition pressures.[2][4] Timing is ideal as hard-to-abate sectors face regulatory scrutiny and seek scalable alternatives to green hydrogen's high electricity demands; H2Gen leverages abundant industrial waste gases, aligning with carbon capture utilization and storage (CCUS) trends.[2][3] Market forces like steel/chemical decarbonization incentives, biogas growth, and hydrogen economy investments favor its no-grid model, which lowers barriers for retrofits in oil & gas/refining.[1][2][4] It influences the ecosystem by pioneering economic pathways for supermajors and industrials, fostering partnerships and proving tech-market fit to accelerate broader adoption.[3]
Utility Global is poised for expansion with its commercially ready H2Gen® tech, ongoing cell manufacturing, field demos (e.g., Stelco delivery in 2024), and global outreach, potentially scaling via more partnerships and deployments in high-emission sectors.[2][3] Trends like tightening emissions regulations, hydrogen infrastructure buildout, and biogas/off-gas utilization will propel growth, especially as electricity costs rise and CCUS scales. Its influence may evolve from innovator to key enabler, powering affordable transitions and drawing further investment—reinforcing its mission to make low-carbon energy a business advantage from day one.[1][2]
