Hyliion Surges 12% on Plans for Year-End KARNO Commercialization
HYLN•Hyliion’s shares jumped over 12% overnight after CEO Thomas Healy said the company will commercialize KARNO power generators for AI data centers by year-end with ten early-adopters. The fuel-agnostic KARNO tech, acquired for $37 million in 2022, supports $20 million in U.S. Navy contracts.
1. Overnight Stock Surge
Hyliion shares surged 12% in overnight trading following CEO remarks, adding to a prior 18% gain and reflecting rising investor optimism in the company’s AI power-generation ambitions.
2. CEO Vision for KARNO Generators
Thomas Healy outlined plans to commercialize KARNO power modules by year-end, targeting ten early-adopter installations to supply on-site electricity for AI data centers faster and cheaper than grid power.
3. KARNO Technology and Acquisition
The fuel-agnostic KARNO generator, acquired for $37 million in August 2022, runs on natural gas, diesel, hydrogen or propane and promises lower emissions and maintenance compared to traditional grid reliance.
4. Military Contracts and Additional Markets
Hyliion is executing roughly $20 million in U.S. Navy contracts to develop multi-megawatt generators for shipboard and stationary applications, while also exploring deployments for retailers and military power needs.
