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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 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.
Hyliion Holdings Corp. (NYSE: HYLN) has secured a $15+ million contract from the Office of Naval Research (ONR) to develop its KARNO generator for US Navy ships and stationary power applications. The innovative linear generation system, powered by heat and enabled by 3D metal printing, offers scalability, flexibility, and significant reductions in maintenance, emissions, and fuel consumption.
Key features of the KARNO generator include:
- Hermetically sealed architecture with only one moving part per shaft
- Designed for maintenance-free operation over long running hours
- High efficiency and quiet operation
- Adaptable power solutions for maritime environments
This contract aligns with the ONR's goal to leverage advanced technology for reducing carbon footprint and enhancing operational efficiency in naval operations.
Hyliion Holdings Corp. (NYSE: HYLN), a sustainable electricity-producing technology developer, is set to present at the 2024 Annual Gateway Conference on September 4, 2024, at 11:30 a.m. PT. The event will take place at the Four Seasons Hotel in San Francisco, CA.
Founder and CEO Thomas Healy and CFO Jon Panzer will represent Hyliion at the conference. Their presentation will be webcast live and available for replay. In addition to the scheduled presentation, Hyliion executives will be available for one-on-one meetings throughout the conference.
Interested parties can request an invitation or schedule a meeting by emailing conference@gateway-grp.com. This event provides an opportunity for investors and analysts to gain insights into Hyliion's sustainable technology developments and future plans.
Hyliion Holdings Corp. (NYSE: HYLN) has signed a non-binding Memorandum of Understanding (MOU) with Jardine Engineering (JEC) to explore the potential of Hyliion's KARNO generator in power generation projects across Asian markets. The KARNO generator is a fuel-agnostic, linear generator capable of operating on various fuels, offering lower maintenance costs and reduced emissions compared to conventional technologies.
This collaboration aims to combine Hyliion's innovative KARNO technology with JEC's extensive market presence and engineering expertise in the Asia Pacific region. The partnership is expected to provide sustainable power solutions and create new opportunities in Hong Kong, Macau, and other markets where JEC operates.
Hyliion Holdings Corp. (NYSE: HYLN) has been awarded a Small Business Innovation Research (SBIR) government contract by the United States Navy. The Phase 1 award, N241-060, tasks Hyliion with creating a preliminary design of a modular generator system integrating the Navy's specifications with Hyliion's KARNO™ generator technology.
The project aims to showcase a megawatt-scale modular system concept, designed to meet the U.S. government's Unmanned Surface Vessel (USV) cross-platform requirements. Hyliion plans to leverage its 200-kilowatt KARNO genset, combining multiple units to achieve the desired power output. The system is expected to offer efficient, flexible, and low-maintenance power generation for naval environments, with a 4,000-hour no-touch maintenance periodicity.
Hyliion Holdings Corp. (NYSE: HYLN) reported its Q2 2024 financial results, highlighting progress in its KARNO generator development. The company secured customer commitments for all 2024 early adopter production capacity and over 50% of anticipated 2025 production. Hyliion executed LOIs with US Energy and Flexnode for KARNO deployments, and an MOU with Jardine Engineering for Asia Pacific markets. The company was awarded an SBIR grant for US Navy applications. Q2 operating expenses totaled $14.0 million, with a net loss of $10.9 million. Hyliion ended the quarter with $249 million in cash and investments, updating 2024 guidance to approximately $55 million in cash expenditures for KARNO development.
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) has signed a non-binding letter of intent (LOI) with U.S. Energy to provide a 200kW KARNO generator for an RNG fueling station. The generator will ensure reliable and efficient power at the site, enhancing energy efficiency and contributing to U.S. Energy's sustainability goals.
The KARNO generator is a fuel-agnostic solution that can run on various fuels, including hydrogen, natural gas, biogas, and propane. It offers lower maintenance costs and reduced emissions compared to conventional technologies. The collaboration aims to advance sustainable energy solutions in the commercial transportation sector.
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