During H2 MEET in Korea, H2 Energy News spoke with Claus Nussgruber, the CEO of Utility Global, to talk about the company’s vision and the future of hydrogen energy.
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In recent months, Utility Global secured $53 million in Series C funding, which is set to fuel their next stage of growth. Nussgruber explained that this funding will be used to push their technology forward and focus on transforming existing infrastructure. Instead of completely overhauling energy systems, Utility Global’s strategy is to decarbonize what’s already in place—a practical approach that avoids the costs and disruptions of replacing infrastructure.
One of the company’s standout innovations is its ability to convert waste gas into hydrogen. This technology is shaping up to be a more affordable and efficient alternative to traditional hydrogen production methods, something that could appeal to industries looking for cost-effective ways to reduce emissions.
Looking ahead, Nussgruber shared that Utility Global is eyeing several possible paths for the future. Over the next five years, he envisions the company solidifying its position as a leader in the hydrogen market.
