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NEWS
Hyliion Awarded $6 Million Federal Grant to Advance Methane Emission Reductions in the Oil and Gas Industry
Hyliion Holdings (NYSE: HYLN) has secured a $6 million grant from the U.S. Department of Energy's Methane Emissions Reduction Program. The project, totaling $8.4 million in combined federal and non-federal funding, will deploy up to 2 megawatts of KARNO™ generators with oil and gas partners. The KARNO generator, successfully tested in the Permian Basin in 2023, can convert well-head gas into sustainable electricity with near-zero emissions.
The generator features a fuel-agnostic design capable of operating on over 20 fuel types, including raw field gas. Its hermetically sealed construction with minimal moving parts enables long-term maintenance-free operation in remote locations. The funding is part of an $850 million federal program aimed at methane emissions reduction in the oil and gas industry.
The generator features a fuel-agnostic design capable of operating on over 20 fuel types, including raw field gas. Its hermetically sealed construction with minimal moving parts enables long-term maintenance-free operation in remote locations. The funding is part of an $850 million federal program aimed at methane emissions reduction in the oil and gas industry.
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