Welcome to our dedicated page for Hyliion Holdings news (Ticker: HYLN), a resource for investors and traders seeking the latest updates and insights on Hyliion Holdings stock.
Hyliion Holdings Corp. (HYLN) is a leading provider of electrified solutions for the commercial vehicle industry. The company focuses on reducing carbon intensity and greenhouse gas emissions in the transportation sector by offering innovative powertrain solutions for Class 8 commercial vehicles. Hyliion's goal is to provide these advanced systems at the lowest total cost of ownership.
One of Hyliion's standout innovations is its add-on hybrid system for semi-trailers. By integrating this system, trucking companies can achieve over 30% fuel savings, with a return on investment of less than a year. This system not only reduces operational costs but also enhances the driver’s quality of life and mitigates harmful environmental impacts.
Fuel consumption is a significant concern in the trucking industry, accounting for nearly 40% of operating costs. Hyliion’s smart suspension system addresses this by employing regenerative braking to capture power when the vehicle slows down or descends hills. This captured energy is then reused to assist in acceleration, maximizing efficiency.
Traditionally, trailers have been passive systems, but Hyliion’s innovations introduce active power and technology to trailers. This enables multiple industry challenges to be tackled with a single product. For instance, the system can supply power to the truck while it is parked, allowing the driver to turn off the diesel engine and save over 13% in fuel consumption.
Currently, Hyliion is developing two major powertrain systems: the Hybrid system and the Hypertruck ERX system. These systems aim to transform the long-haul trucking market by providing sustainable and cost-effective solutions.
Hyliion's commitment to sustainability and efficiency positions it as a significant player in the commercial vehicle industry. The company’s products not only reduce costs but also contribute to a greener and more sustainable future.
Hyliion Holdings (NYSE: HYLN) and ElectriGen have partnered on a project to reduce methane emissions in the oil and gas sector, backed by a $6 million grant from the U.S. Department of Energy's Methane Emissions Reduction Program. The total project represents $8.4 million in federal and non-federal funding.
The collaboration involves installing up to 2 megawatts of Hyliion's KARNO™ generators, which can operate on over 20 different fuels, including unprocessed field gas. The KARNO generator has been successfully tested using untreated natural gas from the Permian Basin and offers lower maintenance costs and reduced emissions compared to conventional technologies.
The project aims to demonstrate KARNO's ability to convert well-head gas into sustainable, near-zero emissions electricity, creating a revenue stream from gas that would otherwise be flared. The funding is part of an $850 million federal program targeting methane emissions reduction in the oil and gas industry.
Hyliion Holdings (NYSE: HYLN) has received its first M Line additive manufacturing system from Colibrium Additive, marking the first U.S. deployment of this technology. The company has ordered additional M Line machines with deliveries planned through 2025.
The M Line system significantly enhances Hyliion's production capabilities, enabling 2-4 times more parts per machine compared to current printers. This advanced manufacturing technology is important for producing the complex components of Hyliion's KARNO generator, which can efficiently generate electricity using over 20 different fuel sources.
The KARNO generator is designed to provide on-demand AC or DC power with higher efficiency and lower emissions compared to conventional gensets. The M Line's modular design separates Laser Processing and Material Handling systems, helping streamline operations and reduce production times.
Hyliion Holdings (NYSE: HYLN) has secured a $6 million grant from the U.S. Department of Energy's Methane Emissions Reduction Program. The project, totaling $8.4 million in combined federal and non-federal funding, will deploy up to 2 megawatts of KARNO™ generators with oil and gas partners. The KARNO generator, successfully tested in the Permian Basin in 2023, can convert well-head gas into sustainable electricity with near-zero emissions.
The generator features a fuel-agnostic design capable of operating on over 20 fuel types, including raw field gas. Its hermetically sealed construction with minimal moving parts enables long-term maintenance-free operation in remote locations. The funding is part of an $850 million federal program aimed at methane emissions reduction in the oil and gas industry.
Hyliion Holdings reported Q3 2024 financial results, highlighting significant progress in its KARNO generator development. The company secured customer commitments exceeding 2025 production capacity and won a contract worth up to $16.0 million from the U.S. Navy. Hyliion announced plans for a 2-megawatt KARNO generator targeting data centers by 2026. Q3 operating expenses were $14.2 million with a net loss of $11.2 million. The company ended the quarter with $237.5 million in cash and investments, reaffirming guidance of low double-digit millions in revenue for 2025 and approximately $55 million in cash expenditures for 2024.
Hyliion Holdings Corp. (NYSE: HYLN) has successfully demonstrated its KARNO™ generator's ability to seamlessly transition between multiple fuel types during operation. The generator operated continuously while switching between natural gas, nitrogen-rich syngas, and various mixtures of natural gas and hydrogen without requiring recalibration or shutdown. The KARNO generator is designed to work with over 20 different fuels, including natural gas, hydrogen, propane, diesel, ammonia, and methane. It can achieve zero carbon emissions with specific fuels and ultra-low NOx and CO emissions. Hyliion plans initial deliveries to early adopter customers by year-end, targeting sectors like EV charging, data centers, waste gas utilization, and marine power.
Hyliion Holdings (NYSE: HYLN) has announced its upcoming participation in the Sidoti Virtual Conference scheduled for November 13-14, 2024. The company's Founder and CEO Thomas Healy, along with CFO Jon Panzer, will deliver a presentation on November 13 at 1:30 p.m. CT. The presentation will showcase Hyliion's sustainable electricity-producing technology and innovations in distributed power generation, highlighting their commitment to energy sustainability. Interested parties can access the presentation through the provided webcast link.
Hyliion Holdings (NYSE: HYLN) has announced its upcoming third quarter 2024 financial results conference call and webcast, scheduled for November 15, 2024, at 11:00 a.m. ET / 10:00 a.m. CT. The company plans to release its Q3 2024 financial results after market close on November 14, 2024. The conference call will include a discussion of financial results, business updates, and outlook. Investors can access the Q&A session through online registration and view the webcast through the provided link. An archived version of the webcast will be available on Hyliion's Investor Relations website.
Hyliion Holdings Corp. (NYSE: HYLN) announced its decision to transfer its stock listing from the New York Stock Exchange to the NYSE American exchange. The transition will be effective after market close on November 8, 2024, with trading on NYSE American beginning November 11, 2024, under the same ticker 'HYLN'. The move aims to benefit from reduced listing fees and regulatory flexibility offered by NYSE American, allowing more resources for product commercialization and technology development. The company confirms this transition won't affect shareholders' ability to trade or transfer stock.
Hyliion Holdings Corp. (NYSE: HYLN) has signed a non-binding Letter of Intent (LOI) with ANA Inc. to deploy KARNO generators in the mobile power generation market. ANA plans to procure up to six KARNO generators, starting with one 200kW unit in 2025 and potentially expanding to five additional units across multiple sites. The KARNO generator is a linear power generator system powered by heat and advanced through 3D metal printing. It features a hermetically sealed design with only one moving part per shaft, engineered for long, low maintenance operation. The generator can operate on over 20 different fuels, including natural gas, making it suitable for mobile applications. This partnership is subject to the execution of a binding agreement, covering volume thresholds, responsibilities, and potential exclusive collaboration on hybrid power generation solutions for the rental market.
Hyliion Holdings Corp. (NYSE: HYLN) announced that its KARNO™ linear generator now qualifies under California's Renewables Portfolio Standard (RPS) following the passage of Assembly Bill 1921. This inclusion allows KARNO to contribute to California's climate goals by delivering low-emission energy solutions using renewable fuels.
The RPS program requires 60% of retail electricity sales to come from renewable sources by 2030, aiming for 100% carbon neutrality by 2045. KARNO's versatility as a fuel-flexible power source, capable of using over 20 fuels including renewable natural gas, hydrogen, and ammonia, positions it to support these goals.
Hyliion's CEO, Thomas Healy, expressed excitement about supporting California's energy goals through their technology, emphasizing KARNO's potential to deliver clean, efficient power generation for growing energy markets.
FAQ
What is the current stock price of Hyliion Holdings (HYLN)?
What is the market cap of Hyliion Holdings (HYLN)?
What does Hyliion Holdings Corp. do?
What are the main products developed by Hyliion?
How does Hyliion's hybrid system benefit trucking companies?
What is regenerative braking and how does Hyliion use it?
How does Hyliion's technology improve a driver's quality of life?
What is the Hypertruck ERX system?
How does Hyliion’s technology contribute to sustainability?
What are the financial benefits of using Hyliion’s systems?
How does the smart suspension system work?
Why is Hyliion a significant player in the commercial vehicle industry?
