Hyliion and Victory Execute Letter of Intent to Deploy up to 10 KARNO(TM) Generators to H2 Energy Group [Yahoo! Finance]
Hyliion Holdings Corp. Class A (HYLN)
Company Research
Source: Yahoo! Finance
and Hyliion Holdings Corp. (NYSE:HYLN) ("Hyliion"), a developer of sustainable electricity-producing technology, today announced they have entered into a non-binding letter of intent (LOI). Under the terms of the agreement, Victory will purchase up to 10 KARNO generators, to be deployed in the Hydrogen production facilities of their subsidiary, H2 Energy Group (H2EG). Specializing in green hydrogen production from renewable biomass, H2EG intends to utilize the KARNO generators to produce electricity using the hydrogen-rich syngas derived from the biomass to power their operations. Under the terms of the LOI, H2EG is slated to receive their first five KARNO generators in the second half of 2025, each capable of producing an estimated power output of 200 kW, with a total capacity of 1MW. H2EG also plans to leverage the KARNO generators combined heat and power capabilities and utilize the excess heat to improve efficiencies in their manufacturing process. The LOI also includes the opti
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HYLN
News
- Hyliion Holdings Corp. (NYSE:HYLN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Hyliion Holdings Reports First-Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Hyliion Holdings Reports First-Quarter 2024 Financial ResultsBusiness Wire
- Hyliion and Victory Execute Letter of Intent to Deploy up to 10 KARNO™ Generators to H2 Energy Group [Yahoo! Finance]Yahoo! Finance
- Hyliion and Victory Execute Letter of Intent to Deploy up to 10 KARNO™ Generators to H2 Energy GroupBusiness Wire
HYLN
Earnings
- 2/13/24 - Miss
HYLN
Sec Filings
- 5/15/24 - Form DEFA14A
- 5/13/24 - Form 4
- 5/9/24 - Form 144
- HYLN's page on the SEC website