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First commercial-scale Korean H2Gen deployment also marks Utility Global's initial global expansion in low carbon fuels vertical, following MAAS energy biogas project in California
HOUSTON and DAEJEON, South Korea, June 9, 2026 /PRNewswire/ -- Utility Global ("Utility"), a U.S.-based global economic industrial decarbonization company enabling practical solutions for hard-to-abate sectors, and SAMJIN E&I ("SAMJIN"), a Korean industrial manufacturing and project development company, announced an engineering services agreement for Utility's H2Gen project in Daejeon, South Korea.
This follows the recently announced strategic collaboration agreement with SAMJIN and enables engineering work to progress the project from front-end loading (FEL-1) through FEL-3 to the final investment decision (FID). Through this effort, Utility is on track to deliver its first commercial-scale plant in the country, marking a major milestone and its first global expansion of a commercial low-carbon fuels project outside of the USA. It is also the first in a series of projects Utility is actively developing in Korea.
Daejeon is emerging as a key hydrogen hub and continues to invest significantly in its infrastructure and production to support sustainable energy and transport decarbonization. When operational, the H2Gen plant will produce 3.5 ton per day of fuel cell grade hydrogen that is targeted for a fleet of hydrogen-powered trams, as the first project of its kind in South Korea. Numerous other cities in the country have announced similar initiatives.
"Reaching this milestone underscores how we translate clean energy ambition into economically viable, real-world projects," said Parker Meeks, chief executive officer and president of Utility Global. "By partnering with SAMJIN to move this project through front-end engineering, we're taking a critical step toward delivering scalable, commercially viable hydrogen solutions for hard-to-abate sectors. South Korea's leadership in hydrogen innovation makes it an ideal market to demonstrate how localized H2Gen deployment can support industrial and transportation transition to clean fuels, energy resilience and meaningful emissions reduction at the same time."
Under the engineering services agreement, the companies will complete the necessary front-end engineering and design (FEED) to enable the deployment of the Daejeon H2Gen project, with FID targeted by June 2027.
"This engineering services agreement represents meaningful progress from collaboration to execution," said Ho Young Jeong, chief executive officer of SAMJIN E&I. "SAMJIN is proud to work with Utility as we believe its H2Gen technology can support the advancement of decentralized hydrogen infrastructure in South Korea. Their differentiated approach aligns with Korea's rapidly growing hydrogen economy while focusing on practical and economic decarbonization in multiple sectors, including transportation."
Utility's proprietary H2Gen technology converts water into clean hydrogen and a high-purity carbon dioxide stream without electricity by using industrial off-gases and biogases. The process supports economic and scalable decarbonization by reducing costs and complexity around carbon capture, utilization or sequestration (CCUS). Additionally, H2Gen's modular system is designed to seamlessly integrate into existing industrial infrastructure and operations for applications with a small footprint across industries including steel, refining, petrochemicals, chemicals, mobility, low-carbon fuels and distributed energy systems.
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® 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 also produces a high-concentration carbon dioxide stream, significantly reducing the cost and complexity of carbon capture. Modular, scalable, and operationally flexible, H2Gen 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.
For more information on Utility's solutions and services, visit www.utilityglobal.com
About SAMJIN E&I
SAMJIN E&I is a South Korean industrial manufacturing and project development company serving the energy, industrial, global oil & gas, and wastewater sectors. The company operates multiple manufacturing facilities in Korea and provides engineering, fabrication, operations, and project development capabilities supporting advanced industrial infrastructure projects.
For more information, visit www.samjinvalve.com
About Ara Partners
Founded in 2017, Ara Partners is a global private markets firm focused on decarbonizing the industrial economy. We invest in the middle market across three strategies: Private Equity, Infrastructure, and Energy. We scale commercially demonstrated decarbonization solutions, support the businesses and infrastructure that enable their adoption, and reduce emissions at the source across the conventional energy value chain. Ara operates from Houston, Boston, Dublin and Washington D.C., and as of September 30, 2025, had approximately $6.6 billion in assets under management. For more information, visit www.arapartners.com
First commercial-scale Korean H2Gen deployment also marks Utility Global's initial global expansion in low carbon fuels vertical, following MAAS energy biogas project in California
HOUSTON and DAEJEON, South Korea, June 9, 2026 /PRNewswire/ -- Utility Global ("Utility"), a U.S.-based global economic industrial decarbonization company enabling practical solutions for hard-to-abate sectors, and SAMJIN E&I ("SAMJIN"), a Korean industrial manufacturing and project development company, announced an engineering services agreement for Utility's H2Gen project in Daejeon, South Korea.
This follows the recently announced strategic collaboration agreement with SAMJIN and enables engineering work to progress the project from front-end loading (FEL-1) through FEL-3 to the final investment decision (FID). Through this effort, Utility is on track to deliver its first commercial-scale plant in the country, marking a major milestone and its first global expansion of a commercial low-carbon fuels project outside of the USA. It is also the first in a series of projects Utility is actively developing in Korea.
Daejeon is emerging as a key hydrogen hub and continues to invest significantly in its infrastructure and production to support sustainable energy and transport decarbonization. When operational, the H2Gen plant will produce 3.5 ton per day of fuel cell grade hydrogen that is targeted for a fleet of hydrogen-powered trams, as the first project of its kind in South Korea. Numerous other cities in the country have announced similar initiatives.
"Reaching this milestone underscores how we translate clean energy ambition into economically viable, real-world projects," said Parker Meeks, chief executive officer and president of Utility Global. "By partnering with SAMJIN to move this project through front-end engineering, we're taking a critical step toward delivering scalable, commercially viable hydrogen solutions for hard-to-abate sectors. South Korea's leadership in hydrogen innovation makes it an ideal market to demonstrate how localized H2Gen deployment can support industrial and transportation transition to clean fuels, energy resilience and meaningful emissions reduction at the same time."
Under the engineering services agreement, the companies will complete the necessary front-end engineering and design (FEED) to enable the deployment of the Daejeon H2Gen project, with FID targeted by June 2027.
"This engineering services agreement represents meaningful progress from collaboration to execution," said Ho Young Jeong, chief executive officer of SAMJIN E&I. "SAMJIN is proud to work with Utility as we believe its H2Gen technology can support the advancement of decentralized hydrogen infrastructure in South Korea. Their differentiated approach aligns with Korea's rapidly growing hydrogen economy while focusing on practical and economic decarbonization in multiple sectors, including transportation."
Utility's proprietary H2Gen technology converts water into clean hydrogen and a high-purity carbon dioxide stream without electricity by using industrial off-gases and biogases. The process supports economic and scalable decarbonization by reducing costs and complexity around carbon capture, utilization or sequestration (CCUS). Additionally, H2Gen's modular system is designed to seamlessly integrate into existing industrial infrastructure and operations for applications with a small footprint across industries including steel, refining, petrochemicals, chemicals, mobility, low-carbon fuels and distributed energy systems.
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® 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 also produces a high-concentration carbon dioxide stream, significantly reducing the cost and complexity of carbon capture. Modular, scalable, and operationally flexible, H2Gen 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.
For more information on Utility's solutions and services, visit www.utilityglobal.com
About SAMJIN E&I
SAMJIN E&I is a South Korean industrial manufacturing and project development company serving the energy, industrial, global oil & gas, and wastewater sectors. The company operates multiple manufacturing facilities in Korea and provides engineering, fabrication, operations, and project development capabilities supporting advanced industrial infrastructure projects.
For more information, visit www.samjinvalve.com
About Ara Partners
Founded in 2017, Ara Partners is a global private markets firm focused on decarbonizing the industrial economy. We invest in the middle market across three strategies: Private Equity, Infrastructure, and Energy. We scale commercially demonstrated decarbonization solutions, support the businesses and infrastructure that enable their adoption, and reduce emissions at the source across the conventional energy value chain. Ara operates from Houston, Boston, Dublin and Washington D.C., and as of September 30, 2025, had approximately $6.6 billion in assets under management. For more information, visit www.arapartners.com
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Utility Global signs first commercial project agreement in South Korea for H2Gen® Project in Daejeon
SEBERANG PERAI, Malaysia, June 12, 2026 /PRNewswire/ -- The semiconductor industry is under growing pressure to deliver more capable technologies while reducing development time, cost, and risk.
In response to the growing demand for advanced semiconductor development, CADFEM APAC, a leading provider of engineering simulation and digital engineering solutions, has signed a Memorandum of Understanding (MoU) with SilTerra Malaysia Sdn. Bhd., one of Malaysia's leading semiconductor foundries and fabless design service providers.
The collaboration establishes a strategic framework to accelerate innovation through simulation-led development, stronger design-process alignment, and advanced digital engineering methodologies. By combining CADFEM APAC's expertise in multiphysics simulation, predictive engineering, and digital workflows with SilTerra's strengths in semiconductor manufacturing and process development, the partnership aims to create a more efficient path from concept to silicon.
A key focus is the development of DTCO and STCO frameworks that integrate device, process, and design domains within a unified digital environment. This will enable earlier technology exploration, faster validation, improved model correlation, and reduced development risk.
CADFEM APAC and SilTerra will also explore Agentic AI to enhance semiconductor workflows. Technologies including NLP, RAG, AI-assisted EDA environments, and PDK integrations will help accelerate development and collaboration.
Commenting on this joint effort, Beng Joo Thung, Senior Vice President, at SilTerra Malaysia Sdn. Bhd., said, "The future of semiconductor advancement will be defined by how effectively organizations can connect design, process development, and manufacturing within a unified engineering framework. Our collaboration with CADFEM APAC represents an important step in that direction. By combining simulation-driven development with real manufacturing insight, we aim to accelerate innovation, improve development efficiency, and strengthen the industry's ability to bring next-generation technologies to market with greater confidence."
The engagement will establish feedback between simulation and fabrication, improving alignment between design intent and manufacturing outcomes. Both organizations will also investigate reliability-focused methodologies for automotive, industrial electronics, and other high-dependability applications.
Speaking on the alliance, Dr.-Ing. Madhukar Chatiri, CEO of CADFEM APAC, said, "The semiconductor industry is increasingly being defined by how quickly organizations can translate ideas into manufacturable technologies. By bringing together predictive engineering, simulation expertise, and manufacturing knowledge, this collaboration creates a stronger foundation for faster development, better design decisions, and reduced technology risk."
Through this MoU, CADFEM APAC and SilTerra reaffirm their commitment to advancing semiconductor innovation, strengthening design-manufacturing alignment, and supporting the growth of the regional semiconductor ecosystem.
Media Contact:
Prachi Mardia
marketing@cadfem.in
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CADFEM APAC and SilTerra Malaysia Partner to Advance Semiconductor Innovation Through Simulation-Driven Engineering
