Meeks has a proven track record of driving strategic growth, operational performance and technology commercialization across a variety of sectors and global business environments, including traditional energy, energy transition, infrastructure and mobility.

With the company’s technology and customer demonstration phase successfully completed, Meeks will lead the rapid commercialization and global deployment of new H2Gen systems. He will leverage his extensive experience in technology commercialization and across several of Utility’s high-potential markets, including hydrogen supply for mobility, data centers and heavy industry.

Prior to joining Utility, Meeks served as CEO of Hyzon, where he successfully led the development and commercialization of cutting-edge hydrogen fuel cell system technology. He also held leadership roles overseeing companies with significant P&L responsibility under private equity ownership focused on technology and high-growth initiatives. Meeks also spent more than a decade in management consulting, primarily for the global energy and infrastructure sectors, including as a partner at McKinsey & Company and as a managing partner of McKinsey’s Houston office .

“I am thrilled to be joining Utility at an exciting inflection point in the company’s trajectory as we transition our cost-effective hydrogen production solution from its successful demonstration phase to commercial deployment,” said Meeks. “Utility’s technology solution has proven itself in challenging abatement environments such as steel mill operations, and industry-leading customers are actively engaging across end markets on a global scale due to Utility’s clear advantages.” According to Meeks, “Utility’s scalable and modular technology offers unique flexibility across geographies and end markets with a common product solution, fundamental profitability, and strong investor support.”

Strongly backed by Ara Partners, a global private equity and infrastructure investment firm with approximately $ 6.3 billion of assets under management – along with several other strategic investors – Utility is well positioned to increase commercialization and continue its growth, which Meeks will guide the company toward appropriately.

Cory Steffek , Partner at Ara Partners, commented: "Bringing Parker Meeks on board is a game-changer for Utility. With a rare blend of strategic vision, operational expertise, industry relationships and a track record of scaling emerging technologies, Meeks is exactly the leader needed to take Utility to full-scale commercialization. His ability to navigate complex markets, secure key partnerships and execute with speed will be instrumental in driving the company's next critical growth phase."

The Houston native assumes leadership from previous CEO Claus Nussgruber, who will remain as a strategic advisor to Meeks, ensuring a smooth transition. “The Board of Directors thanks Claus for his leadership over the past three years,” Steffek said. “His efforts were instrumental in demonstrating Utility’s innovative technology at a customer steel mill, securing financing from industry leaders such as ArcelorMittal, and expanding the company’s global footprint.”

As CEO since mid-2021, Nussgruber has overseen significant technical and operational advancements, pioneering the technology with a series of groundbreaking milestones, including the delivery of the first plant to successfully produce hydrogen directly from blast furnace gas in the hard-to-decarbonize steel industry. Under his leadership, Utility has built a highly capable team and developed a strong global customer pipeline across multiple markets, primarily steel and biogas to hydrogen, including recent financing announcements from ArcelorMittal and GH EnA Project Development . Utility has consistently met its operational and product milestones, a track record the company expects to continue and expand to commercial delivery under Meeks’ leadership.

Utility Global, Inc. ( www.utilityglobal.com ) is a portfolio company of Ara Partners ( www.arapartners.com ), a private equity firm specializing in industrial decarbonization investments.

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