Hyliion (NYSE: HYLN), a developer of sustainable electricity-producing technology, has announced a new deal with H2 Energy Group. Terms of the agreement call for Hyliion to deploy up to 10 KARNO generators, which will be installed at H2's green hydrogen production facilities.

The KARNO generator, utilizing a linear design, is a versatile solution for electricity generation. Its modular design enables it to run on various fuels like hydrogen, renewable natural gas, propane, and more. Offering lower maintenance costs and emissions compared to traditional technologies, it provides efficient and economical power generation.

H2 Energy specializes in producing green hydrogen from renewable biomass and plans to use the KARNO generators to convert hydrogen-rich syngas into electricity for their operations. The LOI specifies that they will receive the first five generators in the second half of 2025, each with a power output of 200 kW and a total capacity of 1 MW. H2 Energy also intends to use the generators' heat to enhance manufacturing efficiency. 

Founder and CEO Thomas Healy stated: "Hyliion is thrilled to partner with H2EG, whose groundbreaking method for producing Green Hydrogen from renewable biomass is instrumental in propelling clean energy initiatives forward.”

Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production.

Shares of Hyliion trade on the NYSE under the ticker symbol HYLN.