Hyliion Awarded $6 Million Federal Grant to Advance Methane Emission Reductions in the Oil and Gas Industry
Hyliion Holdings Corp. Class A (HYLN)
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN), a developer of sustainable electricity-producing technology, today announced it has been awarded a $6 million grant from the U.S. Department of Energy’s (DOE) Methane Emissions Reduction Program. For this project, representing a total of $8.4 million in federal and non-federal funding, Hyliion will install up to 2 megawatts of KARNO™ generators in collaboration with oil and gas partners.The project will demonstrate the KARNO generator’s unique ability to operate on well-head gas to produce sustainable, near-zero emissions electricity. In 2023, Hyliion successfully tested gas from the Permian Basin, highlighting the generator’s fuel-agnostic design and its capability to utilize unprocessed gas. This distinctive capability positions the KARNO generator as a groundbreaking solution for reducing flaring and methane emissions while delivering efficient, scalable power.“The KARNO generator is redefining what’s
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News
- Hyliion secures $6m methane emissions reduction grant [Yahoo! Finance]Yahoo! Finance
- Hyliion Awarded $6 Million Federal Grant to Advance Methane Emission Reductions in the Oil and Gas Industry [Yahoo! Finance]Yahoo! Finance
- New Market Study on Additive Manufacturing for Military and Defense Sees Momentous Growth; AM Research Estimates $800M In Direct DoD Spend in 2024, Exceeding $2.6B in 2030 [Yahoo! Finance]Yahoo! Finance
- Hyliion Holdings Corp. (HYLN) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Hyliion Holdings Reports Third-Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
HYLN
Earnings
- 11/14/24 - Beat
HYLN
Sec Filings
- 12/19/24 - Form 4
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- HYLN's page on the SEC website