Hyliion’s KARNO™ Generator Successfully Returns Power to the Grid
30 Octubre 2023 - 6:30AM
Business Wire
Hyliion's KARNO generator achieves successful
grid matching in Ohio, a key step in validating the technology’s
capability in grid-tied applications
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of
KARNO generator and electric powertrain technologies, today
announced that its innovative KARNO generator has successfully
provided power to the electric grid. This achievement is a major
step in technology development, and further demonstrates the
generator’s viability in distributed grid applications.
The rising demand for electricity is outpacing the capabilities
of conventional power plants and the grid, creating a greater need
for localized power generation. As a fuel-agnostic system that
offers high efficiency and low emissions, the KARNO generator
provides a practical solution for prime power needs, as well as
grid relief and cost savings through applications like peak shaving
and net metering.
During continued testing, Hyliion demonstrates a distributed
grid model in Ohio, where the KARNO generator interfaces seamlessly
with the grid, matching voltage, frequency, and power factor. By
creating the ability to augment power locally, the KARNO generator
can help stabilize and reduce dependency on the grid. Because the
generator is fuel agnostic and thus adaptable to zero carbon fuels
as they become available and economic, the KARNO is a future-proof
investment that can produce local power now and for years to
come.
“The KARNO generator successfully feeding power back to the grid
demonstrates our advancement in addressing rising power needs. As
growing demand challenges the grid's capability, the versatility of
our solution is crucial. KARNO technology is carving a promising
path toward decentralized power generation, aligning with the
broader goals of electrification and green energy,” said Thomas
Healy, Founder and CEO of Hyliion.
The KARNO generator is a linear heat generator that leverages
advanced 3D metal printed components and proprietary flameless
oxidation technology to produce clean electricity. Modular in
design, the generator is expected to show an improvement in fuel
efficiency, require significantly lower maintenance costs and have
a much lower emissions profile than conventional generators. It is
also capable of operating on over 20 different fuels, including
hydrogen, natural gas, propane, ammonia and conventional fuels.
About Hyliion
Hyliion is committed to reducing emissions in commercial
vehicles. The company’s primary focus is providing electrified
solutions that offer fleet operators an opportunity to decrease
fuel and operational costs, while integrating into existing
operations. Headquartered in Austin, Texas, Hyliion designs and
develops electrified powertrain solutions suitable for a wide range
of Class 8 semi-trucks. Beyond powertrains, Hyliion is developing
the KARNO system: a fuel-agnostic, additive manufacturing-enabled
generator designed for both heavy-duty transport and stationary
power generation, promising heightened efficiency and decreased
emissions. The company aims to offer innovative, yet practical
solutions to contribute positively to the environment in the
commercial transport sector. For further information, please visit
www.hyliion.com.
Forward Looking Statements
The information in this press release includes “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements, other than statements of
present or historical fact included in this press release,
regarding Hyliion and its future financial and operational
performance, as well as its strategy, future operations, estimated
financial position, estimated revenues, and losses, projected
costs, prospects, plans and objectives of management are forward
looking statements. When used in this press release, including any
oral statements made in connection therewith, the words “could,”
“should,” “will,” “may,” “believe,” “anticipate,” “intend,”
“estimate,” “expect,” “project,” the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management’s current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, Hyliion expressly disclaims any duty to update
any forward-looking statements, all of which are expressly
qualified by the statements herein, to reflect events or
circumstances after the date of this press release. Hyliion
cautions you that these forward-looking statements are subject to
numerous risks and uncertainties, most of which are difficult to
predict and many of which are beyond the control of Hyliion. These
risks include, but are not limited to, our status as an early stage
the Company with a history of losses, and our expectation of
incurring significant expenses and continuing losses for the
foreseeable future; our ability to develop to develop key
commercial relationships with suppliers and customers; our ability
to retain the services of Thomas Healy, our Chief Executive
Officer; our ability to disrupt the powertrain market; the effects
of our dynamic and proprietary solutions on commercial truck
customers; the ability to accelerate the commercialization of the
Hypertruck ERX; our ability to meet 2023 and future product
milestones; the impact of COVID-19 on long-term objectives; the
ability of our solutions to reduce carbon intensity and greenhouse
gas emissions, the expected performance and integration of the
KARNO generator and system; the outcome of the strategic review of
the powertrain business conducted by the board of directors, and
the other risks and uncertainties described under the heading “Risk
Factors” in our other SEC filings including in our Annual Report
(See item 1A. Risk Factors) on Form 10-K filed with the Securities
and Exchange Commission (the “SEC”) on February 28, 2023 for the
year ended December 31, 2022. Given these risks and uncertainties,
readers are cautioned not to place undue reliance on such
forward-looking statements. Should one or more of the risks or
uncertainties described in this press release occur, or should
underlying assumptions prove incorrect, actual results and plans
could differ materially from those expressed in any forward-looking
statements. Additional information concerning these and other
factors that may impact Hyliion’s operations and projections can be
found in its filings with the SEC. Hyliion’s SEC Filings are
available publicly on the SEC’s website at www.sec.gov, and readers
are urged to carefully review and consider the various disclosures
made in such filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20231030995154/en/
Hyliion Holdings Corp. Ryann Malone press@hyliion.com (833)
495-4466 Kellen Ferris ir@hyliion.com (737) 292-8649
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