Hyliion Signs Letter of Intent with Flexnode to Deploy Up to 10 KARNO Generators to Power High-Performance Flexible Micro Data Centers
Hyliion Holdings Corp. (NYSE: HYLN) has signed a non-binding Letter of Intent (LOI) with Flexnode to supply up to 10 KARNO generators, totaling 2MW capacity, for powering high-performance flexible micro data centers. Initial deliveries are expected to begin in 2025. The collaboration aims to support Flexnode's mission of elevating high-density digital infrastructure for AI and machine learning applications.
Key points:
- KARNO generators are fuel-agnostic, capable of using hydrogen, natural gas, biogas, and propane
- Flexnode offers a universal building platform for liquid-cooled data center infrastructure
- The partnership addresses challenges in data center availability, carbon intensity, and energy costs
- KARNO generators are expected to provide lower maintenance costs and reduced emissions compared to conventional technologies
Hyliion Holdings Corp. (NYSE: HYLN) ha firmato una Lettera di Intenti (LOI) non vincolante con Flexnode per fornire fino a 10 generatori KARNO, per un totale di 2MW di capacità, per alimentare micro data center flessibili ad alte prestazioni. Le prime consegne sono previste per il 2025. La collaborazione mira a supportare la missione di Flexnode di elevare l'infrastruttura digitale ad alta densità per applicazioni di IA e apprendimento automatico.
Punti chiave:
- I generatori KARNO sono indifferenti al combustibile, capaci di utilizzare idrogeno, gas naturale, biogas e propano
- Flexnode offre una piattaforma di costruzione universale per l'infrastruttura di data center raffreddati a liquido
- La partnership affronta le sfide di disponibilità dei data center, intensità di carbonio e costi energetici
- I generatori KARNO dovrebbero garantire costi di manutenzione inferiori e ridotte emissioni rispetto alle tecnologie convenzionali
Hyliion Holdings Corp. (NYSE: HYLN) ha firmado una Carta de Intención (LOI) no vinculante con Flexnode para suministrar hasta 10 generadores KARNO, con una capacidad total de 2MW, para alimentar centros de datos micro flexibles de alto rendimiento. Se espera que las primeras entregas comiencen en 2025. La colaboración tiene como objetivo apoyar la misión de Flexnode de elevar la infraestructura digital de alta densidad para aplicaciones de IA y aprendizaje automático.
Puntos clave:
- Los generadores KARNO son indiferentes al combustible, capaces de utilizar hidrógeno, gas natural, biogás y propano
- Flexnode ofrece una plataforma de construcción universal para la infraestructura de centros de datos enfriados por líquido
- La asociación aborda los desafíos de la disponibilidad de centros de datos, la intensidad de carbono y los costos energéticos
- Se espera que los generadores KARNO proporcionen costos de mantenimiento más bajos y emisiones reducidas en comparación con las tecnologías convencionales
Hyliion Holdings Corp. (NYSE: HYLN)는 Flexnode와 비구속적 의향서(LOI)를 체결하여 최대 10개의 KARNO 발전기, 총 2MW 용량을 제공하여 고성능 유연 마이크로 데이터 센터에 전력을 공급합니다. 초기 배송은 2025년에 시작될 것으로 예상됩니다. 이 협력은 AI 및 머신 러닝 응용 프로그램을 위한 고밀도 디지털 인프라를 높이려는 Flexnode의 사명을 지원하는 것을 목표로 합니다.
주요 사항:
- KARNO 발전기는 연료에 관계없이 수소, 천연가스, 바이오가스 및 프로판을 사용할 수 있습니다.
- Flexnode는 액체 냉각 데이터 센터 인프라를 위한 보편적인 건축 플랫폼을 제공합니다.
- 이 파트너십은 데이터 센터 가용성, 탄소 밀도 및 에너지 비용의 문제를 다룹니다.
- KARNO 발전기는 기존 기술에 비해 더 낮은 유지보수 비용과 감소된 배출량을 제공할 것으로 예상됩니다.
Hyliion Holdings Corp. (NYSE: HYLN) a signé une lettre d'intention non contraignante (LOI) avec Flexnode pour fournir jusqu'à 10 générateurs KARNO, d'une capacité totale de 2MW, pour alimenter des micro-centres de données flexibles haute performance. Les premières livraisons sont prévues pour 2025. La collaboration vise à soutenir la mission de Flexnode d'améliorer l'infrastructure numérique à haute densité pour les applications d'IA et d'apprentissage automatique.
Points clés :
- Les générateurs KARNO sont indifférents au combustible, capables d'utiliser de l'hydrogène, du gaz naturel, du biogaz et du propane
- Flexnode propose une plateforme de construction universelle pour l'infrastructure de centres de données refroidis par liquide
- Le partenariat répond aux défis de disponibilité des centres de données, d'intensité carbone et de coûts énergétiques
- Les générateurs KARNO devraient offrir des coûts d'entretien réduits et des émissions moindres par rapport aux technologies conventionnelles
Hyliion Holdings Corp. (NYSE: HYLN) hat einen unverbindlichen Bedingungen Brief (LOI) mit Flexnode unterzeichnet, um bis zu 10 KARNO Generatoren mit einer Gesamtkapazität von 2MW für die Stromversorgung von leistungsstarken flexiblen Mikro-Rechenzentren zu liefern. Die ersten Lieferungen werden voraussichtlich 2025 beginnen. Die Zusammenarbeit zielt darauf ab, die Mission von Flexnode zur Verbesserung der hochdichten digitalen Infrastruktur für KI- und Machine-Learning-Anwendungen zu unterstützen.
Wichtige Punkte:
- KARNO Generatoren sind kraftstoffneutral und können Wasserstoff, Erdgas, Biogas und Propan nutzen.
- Flexnode bietet eine universelle Bauplattform für flüssigkeitsgekühlte Rechenzentrumsinfrastruktur.
- Die Partnerschaft geht auf Herausforderungen der Verfügbarkeit von Rechenzentren, Kohlenstoffintensität und Energiekosten ein.
- KARNO Generatoren sollen geringere Wartungskosten und reduzierte Emissionen im Vergleich zu herkömmlichen Technologien bieten.
- Non-binding LOI signed for potential supply of up to 10 KARNO generators (2MW total capacity)
- Initial deliveries anticipated to commence in 2025
- Partnership addresses critical factors limiting data center growth: availability, carbon intensity, and energy costs
- KARNO generators offer fuel-agnostic operation, potentially reducing operational costs and environmental impact
- LOI is non-binding and subject to execution of a binding purchase agreement
- Initial deliveries not expected until 2025, indicating a long lead time before potential revenue realization
Insights
Hyliion's partnership with Flexnode marks a significant step in addressing the growing power demands of data centers. The KARNO generator's fuel-agnostic capability is a game-changer, offering flexibility and potential cost savings. However, the 2025 delivery timeline suggests a long wait for tangible results. The non-binding nature of the LOI also introduces uncertainty. While the technology promises efficiency and reduced emissions, its real-world performance remains unproven at scale. The 2MW total capacity is relatively small for data center standards, indicating this may be more of a pilot project than a full-scale deployment. Investors should monitor the progression from LOI to binding agreement and any technical validations in the interim.
This partnership taps into two high-growth markets: sustainable energy and data centers. The global edge data center market is projected to reach
While this LOI signals potential future revenue for Hyliion, its financial impact remains uncertain. The lack of binding terms and specific financial details limits our ability to quantify the deal's value. Hyliion's stock performance has been volatile, down over
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today announced the signing of a non-binding Letter of Intent (LOI) with FlexnodeTM, an innovative digital infrastructure company. Under the terms of the LOI, Hyliion will supply up to 10 KARNOTM generators (2MW total capacity) to Flexnode, with the initial deliveries anticipated to commence in 2025. This collaboration aims to support Flexnode's mission of elevating the standard for high-density digital infrastructure that truly unlocks the potential of artificial intelligence and machine learning for years to come. By integrating highly efficient, fuel-agnostic KARNO generators, Flexnode expects to easily deploy digital infrastructure with reliable and clean on-site power generation.
Flexnode offers a cutting-edge universal building platform that seamlessly integrates liquid-cooled data center infrastructure for bespoke computing, storage, and networking solutions. Flexnode's innovative, adaptable design empowers businesses to deploy data center capacity incrementally, aligning infrastructure growth with demand. Flexnode’s solutions deliver rapid scalability, optimize edge performance for latency-sensitive workloads, and enhance efficiency through advanced cooling technologies, significantly reducing operational costs and environmental impact. This digital-first approach ensures unparalleled flexibility and resilience, meeting the needs of today’s most demanding IT environments.
"Availability, carbon intensity, and energy costs are critical factors currently limiting the growth and deployment of data centers. Integrating Hyliion KARNO generators into our Flexnodes for on-site clean energy production allows our customers to accelerate their plans and deploy data centers on demand without compromises," said Flexnode co-founder and CEO, Andrew Lindsey. "Hyliion’s sustainable power generation technology perfectly aligns with our vision of creating high-performance, efficient data centers that push the boundaries of traditional infrastructure."
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 various fuels including hydrogen, natural gas, biogas, and propane, the generator is expected to offer lower maintenance costs and a significantly reduced emissions profile compared to conventional technologies.
“Our KARNO generator technology is ideally suited to meet the increasing power and energy demands of data centers,” said Thomas Healy, Founder and CEO of Hyliion. “By combining KARNO generators with Flexnode’s cutting-edge digital infrastructure solutions, we are pioneering a new approach to deploying modular, highly efficient data centers in the industry.”
The LOI between Hyliion and Flexnode is subject to the execution of a binding purchase agreement. For more information about Hyliion and its innovative electrification solutions, please visit www.hyliion.com. For more information about Flexnode, please visit www.flexnode.io.
About Flexnode
Flexnode™ is at the forefront of reimagining digital infrastructure innovation, offering a revolutionary platform that simplifies the configuration, deployment, and operation of high-density data centers worldwide. By leveraging advanced methodologies, Flexnode delivers purpose-built, liquid-cooling-enabled data centers that excel in speed, scalability, and adaptability. Founded in 2019 and based in
About Hyliion
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in
Forward Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, our status as an early stage of the Company with a history of losses; our expectation of incurring significant expenses and continuing losses for the foreseeable future; our ability to develop key commercial relationships with suppliers and customers; our ability to retain the services of Thomas Healy, our Chief Executive Officer; the expected performance of the KARNO generator and system; the execution of the strategic shift from our powertrain business to our KARNO business, and the other risks and uncertainties described under the heading “Risk Factors” in our SEC filings including in our Annual Report (See item 1A. Risk Factors) on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 13, 2024 for the year ended December 31, 2023. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could differ materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
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Hyliion Holdings Corp.
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Source: Hyliion Holdings Corp.
FAQ
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