Electrigen and Hyliion to Partner Together in Advancing Methane Emissions Reductions in the Oil & Gas Industry With $6 Million Federal Grant
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) e ElectriGen hanno avviato una partnership per un progetto volto a ridurre le emissioni di metano nel settore petrolifero e del gas, sostenuto da un finanziamento di 6 milioni di dollari dal Programma di Riduzione delle Emissioni di Metano del Dipartimento dell'Energia degli Stati Uniti. L'intero progetto rappresenta un investimento totale di 8,4 milioni di dollari in finanziamenti federali e non federali.
La collaborazione prevede l'installazione di fino a 2 megawatt dei generatori KARNO™ di Hyliion, che possono funzionare con oltre 20 diversi combustibili, incluso il gas non trattato estratto in campo. Il generatore KARNO è stato testato con successo utilizzando gas naturale non trattato dalla Basina Permiana e offre costi di manutenzione inferiori e emissioni ridotte rispetto alle tecnologie convenzionali.
Il progetto mira a dimostrare la capacità del KARNO di convertire il gas di testa pozzo in elettricità sostenibile con emissioni quasi nulle, creando una fonte di reddito dal gas che altrimenti verrebbe bruciato. Il finanziamento è parte di un programma federale da 850 milioni di dollari volto a ridurre le emissioni di metano nell'industria petrolifera e del gas.
Hyliion Holdings (NYSE: HYLN) y ElectriGen han formado una asociación para un proyecto destinado a reducir las emisiones de metano en el sector del petróleo y gas, apoyado por una subvención de 6 millones de dólares del Programa de Reducción de Emisiones de Metano del Departamento de Energía de EE. UU. El proyecto total representa 8,4 millones de dólares en financiamiento federal y no federal.
La colaboración implica la instalación de hasta 2 megavatios de los generadores KARNO™ de Hyliion, que pueden funcionar con más de 20 combustibles diferentes, incluido el gas de campo no procesado. El generador KARNO ha sido probado con éxito utilizando gas natural no tratado de la Cuenca de Permian y ofrece costos de mantenimiento más bajos y emisiones reducidas en comparación con las tecnologías convencionales.
El objetivo del proyecto es demostrar la capacidad del KARNO para convertir el gas de cabeza de pozo en electricidad sostenible con emisiones cercanas a cero, creando una fuente de ingresos a partir del gas que de otro modo se quemaría. La financiación es parte de un programa federal de 850 millones de dólares que apunta a la reducción de emisiones de metano en la industria del petróleo y gas.
하일리온 홀딩스 (NYSE: HYLN)와 일렉트리젠이 석유 및 가스 부문에서 메탄 배출을 줄이기 위한 프로젝트에 협력하며, 이는 미국 에너지부의 메탄 배출 감소 프로그램에서 제공한 600 만 달러의 보조금으로 지원되고 있습니다. 총 프로젝트 비용은 840 만 달러의 연방 및 비연방 자금을 포함합니다.
협력은 하일리온의 KARNO™ 발전기에서 최대 2 메가와트의 설치를 포함하며, 이는 20가지 이상의 다양한 연료로 작동할 수 있습니다. KARNO 발전기는 페르미안 분지에서 추출한 처리되지 않은 천연가스를 사용하여 성공적으로 테스트되었으며, 기존 기술에 비해 낮은 유지보수 비용과 감소된 배출가스를 제공합니다.
이 프로젝트는 KARNO가 우물 머리에서 가스를 지속 가능한 제로 배출 전기로 변환하는 능력을 입증하며, 그렇지 않으면 태워질 가스로부터 수익 흐름을 창출하는 것을 목표로 합니다. 이 자금은 석유 및 가스 산업에서 메탄 배출 감소를 목표로 하는 8억 5천만 달러 규모의 연방 프로그램의 일환입니다.
Hyliion Holdings (NYSE: HYLN) et ElectriGen ont établi un partenariat pour un projet visant à réduire les émissions de méthane dans le secteur pétrolier et gazier, soutenu par une subvention de 6 millions de dollars du programme de réduction des émissions de méthane du département américain de l'énergie. Le projet total représente 8,4 millions de dollars de financements fédéraux et non fédéraux.
La collaboration implique l'installation de jusqu'à 2 mégawatts de générateurs KARNO™ de Hyliion, qui peuvent fonctionner avec plus de 20 combustibles différents, y compris le gaz brut non traité. Le générateur KARNO a été testé avec succès en utilisant du gaz naturel non traité de la région de Permian et offre des coûts d'entretien plus bas et une réduction des émissions par rapport aux technologies conventionnelles.
Le projet vise à démontrer la capacité du KARNO à convertir le gaz de tête de puits en électricité durable à émissions presque nulles, générant un flux de revenus à partir du gaz qui serait autrement brûlé. Le financement fait partie d'un programme fédéral de 850 millions de dollars visant à réduire les émissions de méthane dans l'industrie pétrolière et gazière.
Hyliion Holdings (NYSE: HYLN) und ElectriGen haben sich zusammengeschlossen, um ein Projekt zur Reduzierung der Methanemissionen im Öl- und Gassektor zu starten, unterstützt durch einen Zuschuss von 6 Millionen Dollar aus dem Programm zur Reduzierung der Methanemissionen des US-Energieministeriums. Das gesamte Projekt umfasst 8,4 Millionen Dollar an bundesweiten und nicht-bundlichen Mitteln.
Die Zusammenarbeit umfasst die Installation von bis zu 2 Megawatt der KARNO™-Generatoren von Hyliion, die mit über 20 verschiedenen Brennstoffen betrieben werden können, einschließlich unbehandeltem Flussgas. Der KARNO-Generator wurde erfolgreich mit unbehandeltem Erdgas aus dem Permian Basin getestet und bietet im Vergleich zu konventionellen Technologien niedrigere Wartungskosten und reduzierte Emissionen.
Das Projekt zielt darauf ab, die Fähigkeit des KARNO zu demonstrieren, Gas aus dem Bohrkopf in nachhaltige, annähernd emissionsfreie Elektrizität umzuwandeln, wodurch ein Einnahmefluss aus Gas entsteht, das andernfalls abgefackelt würde. Die Finanzierung ist Teil eines 850-Millionen-Dollar Bundesprogramms zur Reduzierung der Methanemissionen in der Öl- und Gasindustrie.
- Secured $6 million federal grant with total project funding of $8.4 million
- KARNO generator successfully tested with untreated Permian Basin natural gas
- Technology can operate on 20+ different fuel types
- Creates new revenue stream from otherwise flared gas
- Grant funding contingent upon final negotiations and definitive agreement execution
Insights
The $6 million DOE grant for Hyliion's KARNO generator deployment marks a strategic advancement in addressing methane emissions in oil & gas operations. The technology's fuel-agnostic capability to process unrefined wellhead gas represents a dual economic and environmental solution. By converting previously flared gas into usable electricity, this creates a new revenue stream while reducing harmful emissions.
The total project value of $8.4 million, including non-federal funding, demonstrates significant commitment to the technology's commercial viability. The KARNO generator's ability to operate on 20+ fuel types positions it uniquely in the market, potentially reducing operational costs through lower maintenance requirements and elimination of gas pre-treatment infrastructure.
For investors, this positions HYLN strategically within the $850 million federal methane reduction initiative. The partnership with ElectriGen provides a clear path to market, particularly valuable given ElectriGen's established presence in power-as-a-service. The successful testing in the Permian Basin validates the technology's real-world applicability.
This partnership addresses a critical environmental challenge while aligning with regulatory trends. The ability to capture and utilize wellhead gas that would otherwise be flared represents a significant step in methane emissions reduction. The DOE's backing through the Methane Emissions Reduction Program signals strong federal support for such innovative solutions.
The KARNO technology's near-zero emissions profile, combined with its ability to process untreated field gas, positions it favorably as regulations around methane emissions tighten. The 2-megawatt deployment scale demonstrates commercial viability beyond pilot projects. This could set new industry standards for sustainable power generation in oil & gas operations, particularly as environmental compliance becomes increasingly stringent.
The KARNO generator is a groundbreaking fuel-agnostic solution that utilizes a linear generator architecture to produce electricity both economically and efficiently. Capable of operating on over 20 different fuels, including raw, unprocessed field gas, the generator is expected to offer lower maintenance costs and a significantly reduced emissions profile compared to conventional technologies.
The collaboration between ElectriGen and Hyliion is designed to demonstrate the KARNO generator’s ability to operate on well-head gas to produce sustainable, near-zero emissions electricity. The KARNO generator has been successfully tested using untreated natural gas from the Permian Basin. By utilizing excess gas that would otherwise be flared, the KARNO system can reduce methane emissions and create a valuable revenue stream, offering a sustainable and efficient power solution for the energy sector.
“As part of our portfolio that represents up to several megawatts of power per deployment, this innovation is a step change in how ElectriGen can deliver near zero emissions power having the capability to use natural gas that would otherwise be unusable without fuel conditioning costs. With our partnership with Hyliion, we will custom engineer the ability to increase the power capacity per deployment,” said Chris Combs, Co-founder and COO of ElectriGen. “The award provides the industry a pathway to continue to focus on innovative technologies that pushes the envelope to achieve a best-in-class emissions profile while providing safety, cost savings, community focus, and operational reliability.”
The funding is part of the
The funding awarded to Hyliion and ElectriGen is contingent upon the completion of final negotiations and the execution of a definitive agreement with the
About ElectriGen
ElectriGen is committed to creating and deploying innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power solutions as a service that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250121726218/en/
ElectriGen
ir@electrigen.io
Chris Combs
chris@electrigen.io
Source: ElectriGen LLC
FAQ
What is the value of the DOE grant awarded to Hyliion (HYLN) for methane reduction?
How many megawatts of KARNO generators will be installed under the Hyliion-ElectriGen partnership?
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Has Hyliion's KARNO generator been tested with natural gas?
What is the total value of the DOE's Methane Emissions Reduction Program?
