Hyliion Signs a Letter of Intent to Provide a 200kW KARNO Generator for a US Energy RNG Fueling Station.
Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, today announced the signing of a non-binding letter of intent (LOI) with U.S. Energy™, a leading developer and distributor of refined products, alternative fuels, and environmental credits. Under the terms of the LOI, Hyliion will place a 200kW KARNO™ generator at a U.S. Energy renewable natural gas (RNG) fueling station to ensure reliable and efficient power at the site.
U.S. Energy’s RNG fueling stations are leading the way in enabling natural gas adoption in the commercial transportation sector. Integrating Hyliion’s KARNO generator will enhance the station’s energy efficiency and contribute positively to U.S. Energy’s sustainability goals.
Mike Koel, president of U.S. Energy, said:
We believe the KARNO generator will provide a reliable source of electricity, aligning with our sustainability and operational excellence goals.
“Hyliion’s innovative technology supports our customer purpose of Finding a Better Way—making sure we’re always pushing boundaries to create efficiencies and site improvements.”
The KARNO generator is a groundbreaking fuel-agnostic solution that utilizes a linear generator architecture to produce electricity both economically and efficiently. Capable of running on various fuels including hydrogen, natural gas, biogas, and propane, the generator offers a lower maintenance cost and a significantly reduced emissions profile compared to conventional technologies.
Thomas Healy, Founder and CEO of Hyliion, said:
We are excited to collaborate with U.S. Energy, a company that shares our commitment to advancing sustainable energy solutions.
“The KARNO generator’s versatility and efficiency make it an ideal fit for U.S. Energy’s RNG station, helping to reduce emissions and optimize energy use.”
The LOI between Hyliion and U.S. Energy is subject to the execution of a binding purchase agreement.
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Hyliion Signs a Letter of Intent to Provide a 200kW KARNO Generator for a US Energy RNG Fueling Station. source
