Business
Hyliion Holdings Reports Second-Quarter 2025 Financial Results
AUSTIN, Texas, August 12, 2025--Hyliion Holdings Corp. (NYSE American: HYLN) ("Hyliion"), a developer of modular power plant technology, today reported financial results for the second quarter ended June 30, 2025, and provided key updates on the development and commercialization of the KARNO™ generator platform.
About this update from Hyliion Holdings Corp.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":4669,"height":826,"url":"https://media.zenfs.com/en/business-wire.com/38ebe7bc217616657c713f920df832c3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/74c9p0iAcW55Lbq8yM2NJg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE3MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/38ebe7bc217616657c713f920df832c3","width":960,"height":170},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/Z8mlo.b9IhgyoezwHJD_lw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD00MjQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/38ebe7bc217616657c713f920df832c3","width":1200,"height":212}},"lazy":false},{"type":"text","content":"AUSTIN, Texas, August 12, 2025--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE American: HYLN) ("Hyliion"), a developer of modular power plant technology, today reported financial results for the second quarter ended June 30, 2025, and provided key updates on the development and commercialization of the KARNO™ generator platform.","length":340,"tagName":"p"},{"type":"text","content":"Key Business Highlights","length":23,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"KARNO Power Module qualifies for 30% Investment Tax Credit (ITC) under the One Big Beautiful Bill Act (OBBBA), recognizing its role in advancing U.S. national energy security","length":174,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Production resumed with delivery of second U.S. Navy Early Adopter Unit and with two additional KARNO Power Modules nearing completion","length":134,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Successfully transitioned all linear electric motor (LEM) production in-house, improving throughput and supporting 2025 deployment targets","length":138,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Confirmed resolution of regen depowdering challenge and redesigned critical regen part to address performance","length":109,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Signed $1 billion MOU with Alkhorayef Industries as part of Saudi-U.S. commercial agreements, with initial deployment targeted for 2026 in Saudi Arabia","length":151,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Awarded Phase II SB...