- Hyliion Holdings Corp. (HYLN, Financial) signs a non-binding Letter of Intent with MMR Power Solutions for deploying KARNO Power Modules.
- The agreement involves the purchase of three KARNO Power Modules with a total output of up to 600 kW.
- Deployments are expected to commence in the second half of 2026, targeting commercial and industrial sectors.
Hyliion Holdings Corp. (HYLN), a leader in sustainable electricity-producing technology, has announced a significant development in its business strategy with the signing of a non-binding Letter of Intent (LOI) with MMR Power Solutions. MMR Power Solutions is a subsidiary of MMR Group, a global expert in custom electrical solutions, boasting over 5,000 employees and $6 billion in completed projects.
The LOI outlines MMR's intention to purchase three of Hyliion's advanced KARNO™ Power Modules, which are designed to provide up to 600 kW of stationary power output. These units will support MMR’s growing commercial and industrial customer base, offering efficient, scalable power solutions tailored to specific local operating conditions.
Hyliion’s KARNO Power Modules are engineered for high efficiency, low emissions, and extended uptime, providing a viable alternative to conventional combustion-based generators. The partnership foresees initial deployments by the second half of 2026, reflecting the increasing demand for reliable and clean power solutions in the industry.
Thomas Healy, Founder and CEO of Hyliion, expressed enthusiasm about the collaboration, emphasizing the shared commitment to delivering dependable, lower-emission power to customers. MMR Power Solutions will leverage the KARNO systems not only for power generation but also explore their use in combined heat and power (CHP) configurations to enhance overall system efficiency.
MMR Power Solutions specializes in distributed generation energy services and aims to further integrate Hyliion’s technology into its portfolio, providing cleaner, fuel-flexible power solutions. This agreement signifies a strategic move for both companies in addressing future energy needs with innovative solutions.
