Utility Global

About Utility Global

Utility Global, founded in 2018 by Matt Dawson, is a Houston-based company at the forefront of the clean energy transition. The company has secured a total of $86 million in funding through four rounds, with its most recent Series C round in May 2024 raising $53 million from investors including ArcelorMittal, Ontario Power Generation, and Ara Partners.

The company is led by CEO Claus Nussgruber, an executive with 30 years of experience in the industrial gases sector, including leadership roles at Linde and Air Products where he focused on decarbonization and blue hydrogen projects. His extensive background in commercializing new energy technologies aligns with Utility Global's mission to provide sustainable and economically viable solutions for hard-to-abate industries.

Utility Global's core business revolves around its proprietary eXERO™ (Electroless Coupled Exchange Reduction Oxidation) technology platform. This process is designed to convert industrial waste gases and various biogases into high-purity hydrogen and syngas without requiring an external electricity source. By utilizing the inherent energy within off-gases, the eXERO™ platform offers a cost-effective and low-carbon alternative to traditional hydrogen production methods. This technology is particularly aimed at industries such as steel, mobility, chemicals, and refining.

The company offers a suite of products based on this platform. The H2Gen® system converts steam and off-gases into high-purity hydrogen and a concentrated CO2 stream that is ready for capture, utilization, or sequestration. The CO-Gen™ product transforms vented carbon dioxide into syngas for producing sustainable fuels and chemicals. For the mobility sector, the AM2H2™ system efficiently converts ammonia into fuel-cell-grade hydrogen. These modular and scalable systems are designed for on-site deployment, integrating with existing infrastructure to reduce transportation costs and enhance operational efficiency.

A key application of Utility's technology is in the steel industry, a major contributor to global carbon emissions. The company has demonstrated the capability of its H2Gen® system to produce hydrogen from blast furnace off-gases at a commercial steel facility. Following this success, Utility Global has entered into a collaboration with ArcelorMittal, also an investor, to develop a commercial facility at one of ArcelorMittal's steel plants in Brazil. The company's business model focuses on selling these modular systems, enabling clients to achieve decarbonization goals, reduce emissions, and create value from waste streams.