Utility Global announced the first close of its $100 million Series D funding round.
Investors
The funding round was co-led by Ara Partners, a global private equity firm specializing in industrial decarbonization, and APG Asset Management, which manages pension assets for Dutch funds.
Deploying Series D Funding
With fresh funds, Utility Global plans to accelerate the global deployment of its proprietary H2Gen technology at scale to meet growing commercial demand for its solutions across the Americas, Europe, and Asia.
Funding To Date
Utility Global has raised a total of approximately $186 million in funding to date, according to Greentechpost.com (Green Tech Post).
CEO Quote
Parker Meeks, Chief Executive Officer and President of Utility Global, said:
“This financing marks a critical step in Utility’s transition from a proven technology to full-scale global commercial execution.”
“Industrial customers are no longer looking for pilots or promises; they need deployable solutions that work within existing assets and deliver true economic industrial decarbonization today that is operationally reliable and highly scalable. Utility’s technology produces both economic clean hydrogen and capture-ready CO₂ streams, and this capital enables us to scale and deploy that impact globally with speed, discipline, and rigor,” added Parker Meeks.
2026 Green Tech Funding
Green tech startups solving real business problems have attracted billions of dollars in funding this year. More recently, Volue, a leader in AI-driven energy technology and electrification software solutions, secured significant fresh investment from TA Associates.
About Utility Global
Utility Global is a Houston-based industrial decarbonization company that specializes in clean hydrogen production for hard-to-abate sectors, including steel, mobility, refining, chemicals, and upstream oil & gas. It is a portfolio company of Ara Partners, a global private equity and infrastructure firm that is decarbonizing the industrial economy.