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Hyliion Holdings Corp. reports developments tied to modular power plant technology and the KARNO™ Power Module, a fuel-flexible generator platform designed for distributed electricity production. Company news commonly covers KARNO reactor and core testing, dynamic fuel switching, diesel and gaseous fuel operation, power-generation validation, and applications in stationary power, defense, commercial, waste management, data center, vehicle, and marine settings.
Recurring updates also include quarterly and annual financial results, business outlook commentary, customer and military testing programs, intellectual property related to the KARNO architecture, and investor conference participation. The company frames its technology around locally deployable power generation, fuel flexibility, low-emission operation, and resilient on-demand electricity.
Hyliion Holdings (NYSE American: HYLN) reported Q2 2026 revenue of $4.9 million, more than triple Q2 2025, driven by research and development services for U.S. Navy contracts, generating gross profit of $0.4 million. Net loss was $13.9 million, slightly higher than $13.4 million a year earlier, while operating expenses held roughly flat at $15.7 million.
Hyliion secured a $41.7 million U.S. Navy contract for multi‑megawatt KARNO™ Power Modules and expects total 2026 military funding awards to approach $50 million. The company raised 2026 revenue guidance from $10 million to $15 million and now forecasts 2026 net cash use of $30–35 million, implying a year‑end cash and investment balance of $115–120 million versus prior guidance of about $100 million. Hyliion ended Q2 with $132.4 million in cash and investments, continued to advance additive manufacturing, and remains on track to build about 10 early adopter KARNO units in 2026, with broader 200 kW product commercialization now expected in 2027.
Hyliion (NYSE American: HYLN) announced a $41.7 million Office of Naval Research contract to design, develop, and deliver two multi-megawatt KARNO Power Modules for validation in land and maritime applications at NAVSEA Philadelphia.
The modules are targeted at 2+ MW and 3+ MW, scaling from Hyliion’s 800 kW KARNO architecture to support a wider range of U.S. Navy vessels and land-based missions. According to Hyliion, this is its largest military contract to date and brings cumulative ONR funding for KARNO projects to over $58 million, covering validation, testing, at-sea trials, and now multi-megawatt development. The company highlights KARNO’s fuel flexibility, high efficiency, and low-maintenance design as key drivers of continued Navy investment and sees the common architecture as applicable to both defense uses and distributed power markets such as data centers.
Hyliion (NYSE American: HYLN) reported a successful demonstration of two 200 kW KARNO Power Modules operating together as a single coordinated 400 kW generation system. The test showed that the units could automatically share changing electrical loads while maintaining stable power delivery.
According to Hyliion, the demonstration validated the KARNO Management System’s ability to coordinate multiple modules, dynamically adjust each unit’s contribution, and enhance system flexibility and resilience through a distributed control architecture. The results support development of a standardized 800 kW building block and larger 2.4 MW and 3.2 MW power plant configurations intended for applications ranging from large commercial facilities to data centers, industrial sites, and defense installations.
Hyliion Holdings (NYSE American: HYLN) will host a Q2 2026 financial results conference call and webcast on Wednesday, August 12, 2026, at 10:00 a.m. CT / 11:00 a.m. ET. The company plans to release its Q2 2026 results after market close on Tuesday, August 11, 2026.
Investors can register online for the conference call Q&A at the provided Q4 Inc. link and access a live webcast via a separate attendee link. An archived webcast will later be available in the Investor Relations section of Hyliion’s website.
Hyliion (NYSE American: HYLN) announced it has been awarded a $41.7 million cost-plus-fixed-fee contract by the U.S. Navy’s Office of Naval Research. The contract covers design, development, construction, testing and delivery of 2 MW and 3 MW KARNO power generation systems at Navy-identified locations.
Hyliion (NYSE American: HYLN) will showcase its KARNO linear generator technology at the 2026 Pennsylvania Defense and Innovation Summit at the U.S. Army War College on July 14–15. The invitation-only event, hosted by Senator Dave McCormick, highlights Hyliion’s growing engagement with the U.S. defense community.
Hyliion (NYSE American: HYLN), a developer of modular power plant technology, appointed defense innovation leader Abdul Subhani as strategic advisor. He brings extensive experience in national security, cybersecurity, and military innovation roles with U.S. and allied institutions.
Hyliion has secured multiple U.S. Navy contracts and expects $40–50 million in additional military contracts during 2026, supporting expansion of its KARNO power generation technology across defense and national security applications.
Hyliion (NYSE American:HYLN) announced its KARNO Power Module was named 2026 Most Valuable Product in Consulting-Specifying Engineer’s Product of the Year program, earning the highest vote across six categories.
The 200kW, fuel-flexible onsite generator targets AI data centers, defense, and commercial buildings, has EPA confirmation for deployment in all 50 states, completed non-recurring UL tests, and is being trialed with a U.S. Navy ONR/DARPA vessel ahead of broader 2027 availability.
Hyliion (NYSE American: HYLN) announced that the U.S. Navy’s Office of Naval Research and DARPA selected the USX-1 Defiant unmanned vessel as a candidate test platform for its KARNO Core power system.
Hyliion will supply an 800 KW, four-core modular generator to support sea trials focused on scalable, low-maintenance onboard power for autonomous naval operations.
Hyliion (NYSE American:HYLN) reported Q1 2026 revenue of $2.8 million from R&D services, a sharp increase versus 2025, and a net loss of $11.7 million. Cash and investments were $139.3 million.
The company completed non-recurring UL testing for the KARNO Power Module, advanced an 800-kilowatt Navy system, signed an LOI with VFG for up to 250 KARNO Cores, and now has LOIs covering nearly 750 KARNO Cores, over $400 million of potential revenue. Hyliion reaffirmed 2026 revenue guidance of about $10 million and expects year-end cash around $100 million, with total 2026 cash use near $50 million.