Hyliion Holdings Corp. received a $6 million grant from the U.S. Department of Energy to advance methane emission reductions in the oil and gas industry.

Dec 23, 2024•7 months ago

Amount Raised

$6 Million

Cedar ParkEnergy

Description

Hyliion Holdings Corp. has been awarded a $6 million grant to install up to 2 megawatts of KARNO™ generators in collaboration with oil and gas partners. This funding supports the demonstration of the KARNO generator's ability to produce sustainable electricity from well-head gas.

Company Information

Company

Hyliion

Location

1202 BMC Drive Suite 100

Cedar Park, Texas, United States

About

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 Austin, Texas, and with research and development in Cincinnati, OH, Hyliion is addressing the commercial space first with a locally-deployable generator that can offer prime power, peak shaving, and renewables matching. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The KARNO generator is a fuel-agnostic solution, enabled by additive manufacturing, that leverages a linear heat generator architecture. Hyliion aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy.

Hyliion Holdings Corp. received a $6 million grant from the U.S. Department of Energy to advance methane emission reductions in the oil and gas industry.

Description

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