H2 startup, Utility Global secures $25-MM Series B funding, appoints Claus Nussgruber as CEO

Utility Global, the sustainable H2 company pioneering the electroless coupled exchange reduction oxidation (eXEROTM) conversion process, announced its $25-MM Series B funding round for the commercialization of the H2GENTM sustainable H2 line of products. The funding round was led by existing investor Ara Partners and includes strategic investments by Samsung Ventures, NOVA by Saint-Gobain and Aramco. This investment […]
Hydrogen Startup Utility Global Raises $25M Series B Round for Hiring, Product Development

The startup is developing products based on a zero-electricity process to convert off-gas streams into high-purity hydrogen.
Venture Capital Deals: August 11, 2022

Houston-based Utility Global, a sustainable hydrogen company, closed its Series B funding round, raising $25 million in growth capital. Ara Partners led the round with participation from Aramco, Samsung Ventures and NOVA.
Houston Startup Raises $25M

Utility Global, founded in 2018, has developed a clean hydrogen solution. The proprietary tech — called the eXEROTM Technology Platform — includes a zero electricity process that converts sustainable waste streams into high-purity hydrogen. Additionally, the company developed its H2Gen Product Line that delivers customers reliable, low carbon and high purity hydrogen, which offers unparalleled feedstock […]