Utility Global secures major hydrogen project in South Korea's Daejeon city. Key points. * Utility Global has secured its first commercial hydrogen project in South Korea. * The project involves an engineering services agreement for an H2Gen plant. * This plant is located in Daejeon, a key city for renewable energy initiatives. * The development marks a significant step in advancing clean hydrogen technology. Utility Global has announced a significant milestone with the establishment of its first commercial project in South Korea, specifically in Daejeon. The company has signed an engineering services agreement to develop a flagship hydrogen plant named H2Gen. This project is pivotal as it represents Utility Global's commitment to contribute to the clean energy sector, particularly in the field of hydrogen. Daejeon, known for its innovation and technology, serves as an ideal location for this hydrogen project. The H2Gen plant is expected to play a critical role in advancing hydrogen technology in the region and is aligned with South Korea's broader goals of enhancing sustainability and reducing carbon emissions. By engaging in this project, Utility Global aims to solidify its presence in the hydrogen market, which is rapidly growing in response to global energy demands and the shift toward more sustainable energy sources. The engineering services agreement is a key development step, ensuring that technical expertise and innovative solutions will be applied to the plant's construction and operation. Overall, this development is viewed positively as it not only marks a strategic partnership but also reinforces the importance of hydrogen as a clean energy solution. The establishment of the H2Gen hydrogen plant in Daejeon signifies a forward-thinking approach to energy production, aligning with global trends towards renewable energy and sustainability. June 24, 2026 at 12:50 AM Daejeon, South Korea

Utility Global named to TIME's World's Top GreenTech Companies for second consecutive year. Recognition Highlights Continued Leadership in Industrial Decarbonization and Economic Clean Hydrogen Innovation HOUSTON, TX, UNITED STATES, June 11, 2026 / EINPresswire.com / - Utility Global ("Utility"), a global economic industrial decarbonization company enabling practical solutions for hard-to-abate sectors, today announced it has been named to TIME's World's Top GreenTech Companies 2026 list, marking the second consecutive year the company has received the prestigious recognition. The annual ranking, developed by TIME in partnership with Statista, recognizes the world's most impactful and innovative companies advancing technologies that reduce environmental impact and accelerate the transition to a more sustainable global economy. Companies are evaluated based on environmental impact, financial strength, and innovation. Utility's inclusion on the 2026 list reflects growing global recognition of the company's breakthrough approach to industrial decarbonization through its proprietary H2Gen(R) technology system. H2Gen is unique as it produces clean hydrogen without electricity by using the residual energy contained in industrial off-gases. This enables a practical and economic pathway for hard-to-abate industries such as steel, refining, chemicals and other industrial sectors to reach decarbonization goals while preserving cost competitiveness of existing infrastructure. "Being recognized by TIME as one of the world's leading GreenTech companies for the second consecutive year is a powerful validation of our mission and the growing market demand for pragmatic, cost-effective decarbonization solutions," said Parker Meeks, chief executive officer of Utility. "Heavy industry faces increasing pressure to reduce emissions while maintaining economic competitiveness. Utility was built to solve that challenge. This recognition reflects the dedication of our team, the confidence of our customers and partners, and the real-world impact our technology is delivering across some of the world's most carbon-intensive industries." The recognition follows a period of significant momentum for the company, including continued commercial deployment activity, strategic partnerships, and expanding global interest in Utility's ability to unlock economically viable pathways to decarbonization. "Industrial decarbonization represents one of the most important opportunities in the global energy transition," added Meeks. "We believe the future will belong to technologies that can deliver both environmental and economic value. Utility is proud to be helping define that future." The complete TIME World's Top GreenTech Companies 2026 ranking can be found on TIME's website at https://time.com/article/2026/06/09/world-top-greentech-companies-2026/ Utility Global is a portfolio company of Ara Partners, a global private equity and infrastructure firm decarbonizing the industrial economy. For more information on Utility Global solutions and service details, visit www.utilityglobal.com. About Utility Global Utility delivers practical solutions that enable economic industrial decarbonization across hard-to-abate sectors including steel, mobility, refining, chemicals, and upstream oil & gas. The company's breakthrough H2Gen (R) technology harnesses energy from industrial off-gases and biogases to produce application-specific, high-purity hydrogen with low-to-negative carbon intensity on-site from water, without electricity, using a proprietary electrochemical process. H2Gen (R) also produces a high-concentration carbon dioxide stream, significantly reducing the cost and complexity of carbon capture. Modular, scalable, and operationally flexible, H2Gen (R) systems integrate seamlessly into existing industrial assets with a record-small footprint, enabling practical and economical decarbonization. Utility is a portfolio company of Ara Partners, a global private equity and infrastructure firm that is decarbonizing the industrial economy. About Ara Partners Founded in 2017, Ara Partners is a global private markets firm focused on decarbonizing the industrial economy. The firm invests in the middle market across three strategies: Private Equity, Infrastructure, and Energy. The firm scales commercially demonstrated decarbonization solutions, supports the businesses and infrastructure that enable their adoption, and reduces emissions at the source across the conventional energy value chain. Ara's model combines investing, market and policy expertise, project execution and operational optimization, and rigorous carbon accounting to reduce emissions economically and unlock growth at an industrial scale. The firm operates from Houston, Boston, Dublin and Washington D.C., and, as of March 31, 2026, had approximately $8.2 billion in assets under management. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Energy News do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Utility Global partners with Samjin E&I for groundbreaking hydrogen production in South Korea. Key points. * Utility Global plans first commercial hydrogen deployment in South Korea. * Partnership with Samjin E&I to install H2Gen reactor in Daejeon. * Project aims for final investment decision by June 2027. * Technology demonstrates hydrogen production from low-pressure steam and biogas. Utility Global, a US-based company, is on the verge of making significant strides in hydrogen production through its partnership with South Korean industrial manufacturing firm Samjin E&I. The collaboration aims to deploy Utility's innovative H2Gen reactor for the first commercial gas-to-hydrogen project in Daejeon, South Korea. This ambitious endeavor is expected to facilitate hydrogen production that caters to mobility, power generation, and various industrial applications. The project will build upon previously established plans aimed at demonstrating the technology at a wastewater facility in Seongnam, utilizing biogas derived from anaerobic digestion processes. While details regarding the capacity of the Daejeon plant have not yet been disclosed, the partners are looking ahead to reaching a final investment decision (FID) by June 2027. This development follows Utility's successful $100 million financing round earlier in February. The H2Gen reactor is designed to produce hydrogen utilizing low-pressure steam alongside pre-treated gases, such as industrial off-gas or biogas, while also generating high-purity carbon dioxide. This innovative approach not only emphasizes the production of hydrogen but also adheres to sustainable practices by utilizing waste gases that would otherwise contribute to greenhouse emissions. Utility Global has been actively engaging with business and government stakeholders in South Korea, aiming to transition from demonstration projects to full-scale commercial deployment of their technology. Their experience includes successful demonstrations in steelmaking in North America, and they are also exploring opportunities to implement the H2Gen reactor at ArcelorMittal sites in Brazil. In addition to its South Korean initiatives, Utility Global has announced its intentions to enter the European market, highlighted by its participation in the World Hydrogen Summit held in Rotterdam. Their expansion into new markets is indicative of the growing recognition of hydrogen as a critical component of future energy solutions, particularly in the context of transitioning towards renewable energy sources and reducing carbon footprints. Overall, this partnership marks a pivotal moment in the evolution of hydrogen production technology and emphasizes the potential for collaborative efforts in reimagining energy systems globally. The strategic focus on hydrogen could significantly aid in addressing the pressing challenges related to energy sustainability and environmental impact. June 3, 2026 at 04:50 AM Daejeon, South Korea