Hyliion’s KARNO Linear Generator Now Qualifies Under California’s Renewables Portfolio Standard (RPS)
Hyliion Holdings Corp. Class A (HYLN)
Company Research
Source: Business Wire
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today announced that its innovative KARNO™ linear generator is now an eligible technology under California’s RPS, following the passage of Assembly Bill 1921 by Governor Newsom. This inclusion allows the KARNO technology to play a pivotal role in delivering low-emission energy solutions, using renewable fuels such as landfill gas, biogas, hydrogen, and others to meet California’s climate goals.The RPS program requires 60% of retail electricity sales to come from renewable energy sources by the end of 2030, with a target to reach 100% carbon neutrality by 2045. The program incentivizes the adoption of clean technologies to reduce greenhouse gas emissions, driving innovation in renewable energy generation. The KARNO generator’s qualification can contribute to these goals by offering a versatile, fuel-flexible power source, capable of leveragin
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Earnings
- 11/14/24 - Beat
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Sec Filings
- 12/19/24 - Form 4
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- HYLN's page on the SEC website