Hyliion Holdings Receives $41.6994M Office Of Naval Research Contract To Design, Develop, Construct 2-Megawatt, 3-Megawatt KARNO Power Generation Systems
Hyliion Holdings Corp. (NYSE American: HYLN) ("Hyliion"), a developer of modular power plant technology, today announced that it has been awarded a $41,699,946 cost-plus-fixed-fee contract by the Office of Naval
The U.S. Navy gave Hyliion a big contract worth $41.7 million to build new power-making machines. This shows the government believes in their technology, which could help the company grow and prove its ideas actually work.
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