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Hyliion Holdings Corp. (HYLN) delivers innovative electrified powertrain solutions for commercial vehicles, focusing on reducing emissions through hybrid and fully electric technologies. This news hub provides investors with essential updates on corporate developments, financial performance, and technological advancements in sustainable transportation.
Access official press releases, earnings reports, and partnership announcements in one centralized location. Our curated collection includes updates on product launches, regulatory milestones, and strategic initiatives shaping the future of clean freight transportation.
Key content categories cover financial disclosures, technology patents, fleet deployment progress, and industry collaborations. Stay informed about HYLN's advancements in hybrid systems, energy management software, and infrastructure development for commercial vehicle electrification.
Bookmark this page for real-time updates on Hyliion's progress in transforming commercial transportation through sustainable solutions. Check regularly for verified information directly from corporate sources and authorized news partners.
Hyliion Holdings Corp. (NYSE: HYLN) has announced its participation in the Advanced Clean Transportation (ACT) Expo 2025, scheduled for April 28 - May 1 at the Anaheim Convention Center. The company will unveil its KARNO Power Module, a fuel-agnostic system featuring linear generator architecture and advanced additive manufacturing, at Booth #6205.
The event will include a press conference on April 29 at 12:30 PM PT, followed by a presentation by CEO Thomas Healy titled 'Empowering EVs: The Role of Microgrids in Sustainable Charging Solutions' at 2:10 PM PT. Healy will discuss how localized microgrids powered by technologies like the KARNO system can provide reliable, efficient EV charging while reducing grid dependency.
Hyliion Holdings (NYSE: HYLN) reported its Q4 and full-year 2024 results, highlighting significant progress in its KARNO generator business. The company delivered its first Early Adopter Customer Unit in early 2025 and secured commitments for over 100 KARNO generators. Key achievements include:
- Q4 2024 revenue of $1.5M from R&D services
- Secured LOI with data center developer for up to 70MW capacity
- Awarded $6M federal grant for methane emission reduction
- Announced deployment with Al Khorayef in Saudi Arabia
Financial highlights: 2025 revenue guidance of $10-15M, ended 2024 with $220M cash position. Q4 net loss was $14.4M, improved from $29.1M in Q4 2023. Full-year 2024 net loss was $52.0M. The company expects 2025 cash expenditures of approximately $60M for KARNO development and commercialization.
Hyliion Holdings Corp. (NYSE: HYLN) has signed a non-binding Letter of Intent (LOI) with Al Khorayef Group to deliver up to twelve 200 kW KARNO™ generator units in Saudi Arabia. The generators will be deployed for agricultural and power generation applications, supporting Saudi Arabia's Vision 2030 sustainability goals.
The KARNO generators will initially operate on LPG and natural gas, with future fuel flexibility. These units are designed to provide efficient, low-emission power for farms, irrigation systems, and agricultural machinery in remote locations with unreliable or unavailable grid power. Key features include high efficiency, minimal maintenance requirements, and quiet operation.
Al Khorayef Group, operating in over 40 countries through its Gulf Power brand, brings 50 years of experience in power generation and industrial solutions. The LOI is subject to executing a binding purchase agreement.
Hyliion Holdings (NYSE American: HYLN) has announced its upcoming fourth-quarter and full-year 2024 financial results conference call and webcast, scheduled for February 26, 2025, at 10:00 a.m. CT / 11:00 a.m. ET. The company, which develops sustainable electricity-producing technology, will release its financial results after market close on February 25, 2025. The conference call will include a Q&A session, and an archived version of the webcast will be available on the company's Investor Relations website.
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.
