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Utility Global has secured $100 million in its Series D financing round, primarily from Ara Partners and APG Asset Management. This funding will facilitate the global deployment of its H2Gen technology, which produces affordable clean hydrogen and concentrated CO₂ streams.

The financing aims to expand manufacturing capabilities and reinforce project delivery teams, supporting multiple commercial initiatives in the Americas, Europe, and Asia. It will also back partnerships with organizations like Kyocera and ArcelorMittal. H2Gen technology integrates directly into existing industrial processes, enabling scalable decarbonization solutions for various sectors.