---
title: H2 startup, Utility Global secures $25-MM Series B funding, appoints Claus Nussgruber as CEO
description: H2 startup Utility Global secures $25MM Series B, appoints Claus Nussgruber as CEO. Funding backs H2GENTM sustainable products for the energy transition.
---

[News](https://media.utilityglobal.com/news)

# [H2 startup, Utility Global secures $25-MM Series B funding, appoints Claus Nussgruber as CEO](https://media.utilityglobal.com/news/h2-startup-utility-global-secures-25-mm-series-b-funding-appoints-claus-nussgruber-as-ceo)

 Written by [Utility Global](https://media.utilityglobal.com/news/author/utility-global) | September 9, 2022, 1:00:00 PM Z

Utility Global, the sustainable H2 company pioneering the electroless coupled exchange reduction oxidation (eXEROTM) conversion process, announced its $25-MM Series B funding round for the commercialization of the H2GENTM sustainable H2 line of products. The funding round was led by existing investor Ara Partners and includes strategic investments by Samsung Ventures, NOVA by Saint-Gobain and Aramco. This investment supports Utility Global’s commitment to be a key contributor to the energy transition by unlocking an affordable beyond-net-zero low carbon future through its technology.

[View full post](https://media.utilityglobal.com/news/h2-startup-utility-global-secures-25-mm-series-b-funding-appoints-claus-nussgruber-as-ceo)

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