Utility Global, a Houston-based off-gas-to-value company, announced a successful $53 million Series C financing round led by OPG Pension Plan and ArcelorMittal S.A. for their innovative eXERO™ gas production technology. This investment includes participation from Ara Partners and Aramco Ventures, aiming to accelerate the commercialization of eXERO technology for hard-to-abate industries. Utility Global and ArcelorMittal also signed a Collaboration Agreement to establish a commercial facility at ArcelorMittal's integrated steel plants, focusing on decarbonization in sectors like steel, biogas to hydrogen, and energy production. The funds raised will support the development and deployment of the first commercial units under the H2GenTM product line by 2026, enabling significant reductions in greenhouse gas emissions and the production of low-carbon intensity fuels and chemicals. ArcelorMittal's XCarb® Innovation Fund, which invests in breakthrough decarbonization technologies, sees Utility Global's eXERO technology as a cost-effective and scalable solution for the steel industry's transition to carbon-neutral steelmaking. Ara Partners, a key investor in Utility Global, continues to support the company's growth trajectory alongside new investors. These investments from renowned entities underscore the potential of eXERO technology to revolutionize decarbonization efforts in the industrial sector. Utility Global's CEO highlighted the unique capability of eXERO to convert process gases into clean hydrogen cost-effectively, emphasizing its role in reducing emissions and extending the lifespan of existing assets. Overall, the investments and partnerships secured by Utility Global reflect a positive outlook on the transformative impact of eXERO technology on decarbonizing hard-to-abate sectors and advancing towards a sustainable, low-carbon future.