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Utility Global Raises $53 Million in Ongoing Series C Financing and Forms Collaboration Agreement with ArcelorMittal
Sep 25, 2024•over 1 year ago
Contract Type
partnership
HoustonEnergy
Description
Utility Global has raised $53 million of an ongoing Series C financing. ArcelorMittal S.A. has joined the financing and entered into a Collaboration Agreement with Utility Global to develop a commercial facility at one or more of ArcelorMittal’s integrated steel plants. The investment is part of Utility Global’s current growth equity funding round, aimed at accelerating commercialization and go-to-market strategies for its patented eXERO technology.
Company Information
Company
Utility Global
Location
Houston, Texas, United States
About
Utility converts and concentrates valuable streams of hydrogen and syngas from waste gases. Our scientists have developed a cleaner and more efficient alternative to other energy and carbon intensive methods. We solve many decarbonization challenges for hard to abate industries while complementing existing operations.
HoustonEnergy