Global Infrastructure SherpaUtility Global Secures $100M Series D to Scale Decarbonization Platform
USD100M
Deal Value
Utility Global, a U.S.-based decarbonization company, announced the first close of a $100 million Series D financing round. The funding, led by Ara Partners and APG Asset Management, will support the global deployment of Utility Global's H2Gen® technology, which produces clean hydrogen and concentrated CO₂ streams. The capital will enable the expansion of manufacturing capabilities, project delivery teams, and commercial deployments across the Americas, Europe, and Asia. Strategic partnerships and project announcements with Kyocera, Symbio North America Corporation, Seongnam Municipal Government of Korea, Maas Energy Works and ArcelorMittal will also be supported.
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Counterparts (11)
Partner
Maas Energy Works
Maas Energy Works focuses on developing and investing in sustainable energy projects. They aim to accelerate the transition to a cleaner energy future through innovative solutions and strategic partnerships.
ArcelorMittal Group
ArcelorMittal is a leading global steel and mining company. They focus on developing innovative and sustainable steel solutions for various industries, including renewable energy infrastructure and electric vehicles.
Kyocera
Kyocera Corporation is a Japanese multinational ceramics and electronics manufacturer. While not solely focused on infrastructure investment, Kyocera's products and technologies are used in various infrastructure projects, including energy, telecommunications, and transportation.
Seongnam Municipal Government of Korea
Seongnam Municipal Government of Korea is a local government focused on developing and maintaining infrastructure within the city of Seongnam. Their investment strategy likely involves public works projects, urban development, and potentially partnerships with private companies for infrastructure improvements.
Symbio North America Corporation
Symbio North America Corporation is an engineering and consulting firm specializing in infrastructure projects. They offer a range of services including project management, engineering design, and environmental consulting.
advisor
BDA Partners
BDA Partners is an investment banking firm that provides advisory services on cross-border mergers and acquisitions, capital raising, and restructuring. They focus on various sectors, including industrials, consumer & retail, healthcare, and technology.
Perella Weinberg Partners
Perella Weinberg Partners is a leading global independent advisory firm, providing strategic and financial advice to clients. While primarily an advisory firm, they are involved in infrastructure transactions, offering expertise in M&A, restructuring, and capital markets.
TPH&Co.
TPH&Co., the energy business of Perella Weinberg Partners, provides financial advisory services to the energy industry. They offer expertise in mergers and acquisitions, restructuring, and capital markets.
Investor
Ara Partners
Ara Partners is a global private markets firm focused on industrial decarbonization investments. They invest in technologies and businesses that help reduce waste and lower emissions in high-polluting sectors of the industrial economy, with a focus on private equity, infrastructure, and energy strategies.
APG Asset Management
APG Asset Management is a Dutch pension fund asset manager that invests globally in infrastructure, real estate, and other asset classes. They focus on long-term investments that generate stable returns for their pension fund clients.
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Sign up free →Deal Analysis
Utility Global's successful $100 million Series D financing, led by Ara Partners and APG Asset Management, signifies a crucial step in scaling its H2Gen® technology for clean hydrogen production and concentrated CO₂ capture. The funding will facilitate the expansion of manufacturing capabilities, project delivery teams, and commercial deployments across key global markets, including the Americas, Europe, and Asia. The capital raise will also support strategic partnerships and project announcements with notable entities like Kyocera, Symbio North America Corporation, Seongnam Municipal Government of Korea, Maas Energy Works and ArcelorMittal, further validating Utility Global's technology and market position.
This investment underscores the growing investor confidence in decarbonization technologies and the increasing demand for clean hydrogen solutions. Utility Global's ability to attract significant capital from established investors like Ara Partners, which focuses on industrial decarbonization, and APG Asset Management, highlights the potential of its H2Gen® technology to contribute to global decarbonization efforts. The deal also reflects the strategic importance of partnerships in deploying innovative technologies and accessing diverse markets, as evidenced by Utility Global's collaborations with key players across various industries and geographies.
- Sizeable $100 million Series D financing round.
- Led by prominent investors Ara Partners and APG Asset Management.
- Supports global deployment of Utility Global's H2Gen® technology.
- Involves strategic partnerships with Kyocera, Symbio, ArcelorMittal and others.
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