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Stock impact report

Hyliion secures $6m methane emissions reduction grant [Yahoo! Finance]

Hyliion Holdings Corp. Class A (HYLN) 
Company Research Source: Yahoo! Finance
The grant will facilitate the installation of up to 2MW of Karno generators, which have the capability to produce sustainable, near-zero emissions electricity from well-head gas. The total project funding amounts to $8.4m, combining federal and non-federal investments. Hyliion's Karno generators will be installed in collaboration with oil and gas partners to demonstrate their unique ability to operate on unprocessed gas. The funding is part of an extensive $850m methane emissions reduction programme led by the US DOE and the Environmental Protection Agency. The programme aims to support projects that enhance the monitoring, measurement, and mitigation of methane emissions within the oil and gas industry. The grant will enable Hyliion to deploy its Karno generators, promoting sustainable energy generation and contributing to economic growth and job creation in local communities. Hyliion founder and CEO Thomas Healy said: “The Karno generator is redefining what's possible i Show less Read more
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