BDA Partners is pleased to announce that its client, Utility Global, has raised US$100m as part of an ongoing Series D capital raise. The round was led by APG Asset Management on behalf of ABP, the Netherlands\u2019 largest pension fund, and impact investor Ara Partners.<\/p>\n\n\n\n
Utility Global is a Houston-based industrial decarbonization technology company, enabling practical solutions for hard-to-abate sectors and aiming to unlock an affordable beyond-net-zero, low-carbon future.<\/p>\n\n\n\n
Utility\u2019s proprietary H2Gen\u00ae technology enables conversion of water into clean hydrogen and high-purity CO\u2082 without electricity, using industrial off-gases, supporting scalable decarbonization while enabling economic carbon capture, utilization, and sequestration (CCUS). The technology is designed to integrate directly into existing industrial infrastructure in hard-to-abate assets, delivering repeatable deployments across steel, refining, petchems, chemicals, low carbon fuels, and upstream oil & gas.<\/p>\n\n\n\n
This latest round significantly expands Utility’s funding base, which includes investment from partners such as ArcelorMittal, Ontario Power Generation, Aramco, Samsung, and Saint-Gobain. The financing will support the global deployment of Utility’s technology, enabling cost\u2011effective hydrogen production and highly concentrated CO\u2082.<\/p>\n\n\n\n
Proceeds will be used to expand manufacturing, strengthen project delivery, and advance commercial deployment across the Americas, Europe, and Asia, building on partnerships with Kyocera, Symbio North America, Seongnam Municipal Government in Korea, Maas Energy Works, and ArcelorMittal, focusing on viable solutions.<\/p>\n\n\n\n
Ara Partners remains the majority investor in Utility Global, having first invested in 2021, supporting Utility\u2019s transition from technology to global commercial execution.<\/p>\n\n\n\n
Parker Meeks, CEO and President, Utility Global, said: \u201cThis financing marks a critical step in Utility\u2019s 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\u201d.<\/p>\n\n\n\n
Cory Steffek, Partner at Ara Partners, and Utility Global board chair, said: \u201cUtility is tackling one of the most difficult challenges in the energy transition: decarbonizing hard\u2011to\u2011abate industrial sectors. With this new funding, Utility is well positioned for its next chapter of commercial growth.”<\/p>\n\n\n\n
Mark Webster, Chairman of BDA’s Sustainability team, said: \u201cWe\u2019re pleased to have advised Utility Global on this important capital raise, bringing together cross-border capital and a mission-critical decarbonization solution. BDA is proud to support Utility\u2019s scale-up and commercialization.\u201d<\/p>\n\n\n\n
Ruari Sinclair, Managing Director, BDA, said: \u201cThis financing reflects the increasing global appetite for industrial decarbonization technologies and the ability of quality innovators to attract international investors. We congratulate Utility Global, Ara Partners and APG on this milestone, and look forward to Utility\u2019s further progress as it accelerates go-to-market execution across energy- and emissions-intensive end markets.\u201d<\/p>\n","protected":false},"featured_media":19748,"template":"","class_list":["post-19658","transaction","type-transaction","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\n