AUSTIN, Texas — Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a developer of sustainable electricity-producing technology, and BayoTech, an innovator in hydrogen production, transportation and storage solutions, today announced the signing of a Partnership Agreement (Agreement) aimed at leveraging the expertise of both companies to offer comprehensive power solutions to their existing and future customers. The partnership will allow the companies to introduce their innovative solutions to each other’s customer bases.
Recognizing the complementary nature of their products and customer needs, the companies have entered into the Agreement to support the advancement of sustainable power generation using hydrogen. Hyliion’s innovative KARNO generator, which can operate on multiple fuel types including hydrogen, is designed for a variety of applications such as prime power, renewables matching, and for energy arbitrage. BayoTech’s BayoGaaS® hydrogen production hubs and their highly efficient, high-pressure transport trailers and storage units aim to ensure a reliable hydrogen supply chain for customers. This partnership will enhance the product offerings of both companies, supporting the shift towards more sustainable power solutions across industries.
“By pairing BayoTech’s hydrogen solutions with Hyliion’s KARNO generator technology, we will empower customers with a cleaner, more efficient alternative to traditional diesel gensets,” said Mauricio “Mo” Vargas, President and CEO of BayoTech. “Our commitment to revolutionizing the hydrogen supply chain through local production hubs aligns perfectly with Hyliion’s mission to deliver net-zero carbon electricity. Together, we’re not just challenging the status quo – we’re reshaping it for a more sustainable future.”
“Hydrogen holds great potential as a zero-carbon energy source, yet its widespread adoption faces infrastructural challenges. Companies like BayoTech solve this problem, allowing customers to use hydrogen in their operations today. Our collaboration will provide a comprehensive solution in the future tailored to customers’ needs, accelerating a faster adoption of new power generation technologies,” said Thomas Healy, Founder and CEO of Hyliion.
Hyliion’s KARNO generator is currently undergoing advanced stages of development and is slated for field deployment with early adopter customers in the latter half of 2024.
About BayoTech
BayoTech, an innovator in hydrogen solutions, is committed to addressing the global need for reliable, cost-effective, and low-carbon hydrogen. BayoTech sites hydrogen production close to demand and distributes it to consumers via high-pressure gas transport and storage equipment. Customers are accelerating the decarbonization of their energy and transportation systems through BayoTech’s supply of hydrogen molecules and equipment. Learn more at www.bayotech.us.
About Hyliion
Hyliion is committed to creating innovative solutions that enable clean, flexible and affordable electricity production. The Company’s primary focus is to provide distributed power generators that can operate on various fuel sources to future-proof against an ever-changing energy economy. Headquartered in Austin, Texas, and with research and development in Cincinnati, Ohio, Hyliion is initially targeting the commercial and waste management industries with a locally deployable generator that can offer prime power as well as energy arbitrage opportunities. Beyond stationary power, Hyliion will address mobile applications such as vehicles and marine. The Company aims to offer innovative, yet practical solutions that contribute positively to the environment in the energy economy. For further information, please visit www.hyliion.com.
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