Utility Global, the off-gas-to-value company pioneering its proprietary eXERO™ gas production technology optimized for hard-to-abate industries, announced that it has raised US$53 million of an ongoing Series C financing led by the OPG Pension Plan and joined by multinational steel company, ArcelorMittal S.A. (NYSE: MT), via its XCarb® Innovation Fund, alongside current investors Ara Partners and Aramco Ventures. This investment is part of Utility Global’s current growth equity funding round.
Latham & Watkins LLP represents Utility Global in the transaction with a team led by Austin partner Scott Craig, with associates Mason Taylor and Andrew Abokhair.
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