About Utility Global
Utility Global is a company based in Houston (United States) founded in 2018.. Utility Global has raised $186 million across 5 funding rounds from investors including Ontario Power Generation, ArcelorMittal and Saint-Gobain. The company has 4 employees as of December 31, 2019. Utility Global offers products and services including H2Gen System and Houston Pilot Plant. Utility Global operates in a competitive market with competitors including Viridi, Ener-Core, Phoenix Biopower, INGENCO and Flue Gas Recovery Sweden, among others.
- Headquarter Houston, United States
- Employees 4 as on 31 Dec, 2019
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Sectors
Environment
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Phone
*********
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Website
*********
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Social
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- Legal Name Utility, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$186 M (USD)
in 5 rounds
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Latest Funding Round
$100 M (USD), Series D
Feb 17, 2026
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Investors
Ontario Power Generation
& 7 more
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Employee Count
4
as on Dec 31, 2019
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Products & Services of Utility Global
Utility Global offers a comprehensive portfolio of products and services, including H2Gen System and Houston Pilot Plant. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Produces hydrogen from off-gases without electricity for industrial use.
Demonstrates hydrogen production in real-world steel mill settings.
Funding Insights of Utility Global
Utility Global has successfully raised a total of $186M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $100 million completed in February 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series D — $100.0M
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First Round
First Round
(29 Jul 2020)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2026 | Amount | Series D - Utility Global | Valuation | Ara Partners , APG |
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| May, 2024 | Amount | Series C - Utility Global | Valuation | Ontario Power Generation | |
| May, 2022 | Amount | Series B - Utility Global | Valuation | Ara Partners , Samsung Venture Investment |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Utility Global
Utility Global has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include Ontario Power Generation, ArcelorMittal and Saint-Gobain. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are directed by Ara Partners across multiple industrial sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are targeted for investment by Aramco Ventures.
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Founded Year | Domain | Location | |
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Venture capital investments are made in promising startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Utility Global
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Utility Global
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Utility Global Comparisons
Competitors of Utility Global
Utility Global operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Viridi, Ener-Core, Phoenix Biopower, INGENCO and Flue Gas Recovery Sweden, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Renewable natural gas platform is provided for energy management.
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Designs systems for generating clean power
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| domain | founded_year | HQ Location |
Biomass-fired technology is developed for power generation from biomass.
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Technology solutions provider for generating gas from landfills
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Waste heat from flue gases is recovered for energy reuse.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Utility Global
Frequently Asked Questions about Utility Global
When was Utility Global founded?
Utility Global was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Utility Global located?
Utility Global is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of Utility Global?
Parker Meeks is the current CEO of Utility Global.
Is Utility Global a funded company?
Utility Global is a funded company, having raised a total of $186M across 5 funding rounds to date. The company's 1st funding round was a Series B of $25M, raised on Jul 29, 2020.
How many employees does Utility Global have?
As of Dec 31, 2019, the latest employee count at Utility Global is 4.
What does Utility Global do?
Utility Global was founded in 2018 and is based in Houston, United States. Solutions are offered in the clean energy sector to transform waste gas into hydrogen and syngas. The eXERO platform integrates electrochemical and chemical processes to produce these outputs with reduced carbon intensity. External electricity requirements are eliminated by the technology, supporting operations in waste-to-energy conversion.
Who are the top competitors of Utility Global?
What products or services does Utility Global offer?
Utility Global offers H2Gen System and Houston Pilot Plant.
Who are Utility Global's investors?
Utility Global has 8 investors. Key investors include Ontario Power Generation, ArcelorMittal, Saint-Gobain, Ara Partners, and Samsung Venture Investment.