Hyliion and Victory enter LOI for up to 10 KARNO generators for H2 Energy Group's green hydrogen production.

Hyliion and Victory have entered into a non-binding LOI to deploy up to 10 KARNO generators for Victory's subsidiary, H2 Energy Group (H2EG), which specializes in green hydrogen production from renewable biomass. H2EG plans to utilize the KARNO generators to produce electricity using hydrogen-rich syngas derived from biomass to power operations. H2EG is set to receive its first five KARNO generators in the second half of 2025, each capable of producing an estimated 200 kW, totaling 1 MW.