Startup · United States
Utility Global
HQ Houston, TexasFounded 201851-200 employeesUpdated
Produces hydrogen from water using energy in industrial off-gases and biogenic gases.
Funding5 rounds · $186M
- Equity raised
- $186M
- Latest
- $100MSeries D · Feb 17, 2026
| Announced | Stage | Amount | Valuation | Lead investors | Other investors | Confidence |
|---|---|---|---|---|---|---|
| Feb 17, 2026 | Series D | $100M | — | APG Asset Management, Ara Partners | — | Confirmed |
| Sep 25, 2024 | Series C | $53.0M | — | — | — | Reported |
| Aug 8, 2022 | Series B | $25.0M | — | Ara Partners | — | Reported |
| Feb 24, 2021 | Series B | $3.0M | — | — | — | Reported |
| Jul 29, 2020 | Series A | $5.0M | — | — | — | Reported |
- Series DLed by APG Asset Management, Ara PartnersConfirmed$100MFeb 17, 2026
- Series C$53.0MSep 25, 2024
- Series BLed by Ara Partners$25.0MAug 8, 2022
- Series B$3.0MFeb 24, 2021
- Series A$5.0MJul 29, 2020
Raised counts equity rounds; debt, secondary sales and grants are totaled separately. Amounts in other currencies are converted at the announcement month's average rate. A ~ marks an estimated or converted amount.
Capabilities1
| Technology | Role | Maturity | TRL | Notes | Confidence |
|---|---|---|---|---|---|
| Power, grids and energy storage | Developer | — | — | classify_sectors run 37, haiku, taxonomy 2026-10-18b: Produces hydrogen from water using industrial off-gas energy; no defense use is stated. | Reported |
- Developerclassify_sectors run 37, haiku, taxonomy 2026-10-18b: Produces hydrogen from water using industrial off-gas energy; no defense use is stated.—Reported
Maturity and TRL describe this organization's work; the field-wide maturity is on each technology's page.
People5
| Person | Role |
|---|---|
| David Hall | Co-founder |
| Jin Dawson | Co-founder |
| Matt Dawson | Co-founder |
| Claus Nussgruber | Chief Executive Officer |
| Nick Farandos | Chief Technology Officer |
Sources6
Profile3
- 1
Supports Organization · founded year
“Utility Global, founded in 2018”
- 2
Supports Organization · hq city, Organization · hq region
“Utility Global is a Houston,Texas-based sustainable hydrogen company”
- 3
Supports Organization · linkedin url
“https://www.linkedin.com/company/utilityglobal/”
Funding2
- 4
Supports Funding round, Funding round · investors, Organization, Organization · ownership
“today announced a first close of $100 million in its Series D financing round, led by Ara Partners and APG Asset Management (one of the world's largest pension investors on behalf of Dutch pension funds). This milestone financing will allow Utility to globally deploy its proprietary H2Gen® technology at industrial scale.”
- 5DatabaseUtility company profile
Octen Business Search · Supports Funding round, Organization · employee range, Role
“funding round: Series C, 2024-09-25, USD 53,000,000, lead: Ontario Power Generation”
People1
- 6
Supports Role
“Utility Global,Inc.was founded in 2018 by David Hall,Jin Dawson,and Matt Dawson.”
Each fact on this page is attached to the sources that support it. Archived copies are linked when we keep one.