Hyliion
Cedar Park, Texas, United States · Biomass Energy, Energy, Oil And Gas
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, OH, Hyliion is addressing
Key facts
- Headquarters
- Cedar Park, Texas, United States
- Employees
- 131
- Industries
- Biomass Energy, Energy, Oil And Gas
- Status
- Public (HYLN)
- Website
- www.hyliion.com
- Company page
Recent activity at Hyliion
- : SEC 8-K (5.02):
- : Hyliion Holdings Corp. received a $6 million grant from the U.S. Department of Energy to advance methane emission reductions in the oil and gas industry.
- : Hyliion Secures $41.7 Million Contract with U.S. Navy for KARNO Power Modules.
- : Hyliion Secures $42 Million Contract with Office of Naval Research
- : SEC 8-K (8.01): On July 22, 2026, Hyliion Holdings Corp. announced that it had been awarded a cost-plus-fixed-fee contract by the Office of Naval Research (ONR) valued at approximately $42 million. This contract is aimed at supporting the High Efficiency/Low Maintenance Ultra Reliable (HELMUR) Megawatt Scale Power Generation Units program. Under the terms, Hyliion will design, develop, and deliver 2-megawatt and 3-megawatt power generation units, while also working on advancing its core technology and enhancing system capabilities. The contract, which obligates funding from the fiscal year 2025 and 2026 Navy Research, Development, Test and Evaluation appropriations, is expected to be completed by July 2029, with primary work set to take place in Cedar Park, Texas.
- : Hyliion Secures $41.7 Million Contract from U.S. Navy for KARNO Power Systems Development.
- : SEC 8-K (8.01): On July 22, 2026, Hyliion Holdings Corp. announced that it has been awarded a cost-plus-fixed-fee contract by the Office of Naval Research (ONR), valued at approximately $42 million. This contract supports the HELMUR Megawatt Scale Power Generation Units program, under which the Company will design, develop, build, test, and deliver 2-megawatt and 3-megawatt power generation units. The contract also aims to advance the Company's technology, develop alternative components, reduce supply chain risks, and further develop additive manufacturing processes. Work will primarily be performed in Cedar Park, Texas, with completion expected by July 2029.
- : SEC 8-K (5.07): On May 19, 2026, Hyliion Holdings Corp. held its Annual Meeting of Stockholders where several significant corporate governance actions took place. Stockholders elected three nominees as Class III directors, who will serve until the 2029 Annual Meeting. Additionally, they ratified Grant Thornton LLP as the independent registered public accounting firm for the 2026 fiscal year. An advisory vote on the compensation of the company’s named executive officers was also approved, along with an amendment to the 2024 Equity Incentive Plan. These decisions are crucial for the strategic direction and management oversight of the company moving forward.
- : Hyliion Secures Contract with U.S. Navy to Enhance KARNO Power Module.
- : Hyliion Secures $1.5 Million U.S. Navy Contract to Enhance Multi-Unit KARNO Power Module.
Leadership
- Haitham Radwan, Senior Director - Product and Marketing Strategy
- Michael Weirich, Manager: Strategy & Supply Chain
- Jon Panzer, Chief Financial Officer
- Thomas Healy, Founder
- Govindaraj Ramasamy, Chief Commercial Officer
Verified email and direct lines for Hyliion’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Hyliion files 2 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Hyliion in the news
- Hyliion Holdings Schedules Q3 2026 Financial Results Conference Call and Webcast for November 11, 2026 - Business Wire (Oct 28, 2026)
- A Look At Hyliion Holdings (HYLN) Valuation After New Navy And DARPA KARNO Sea Trial Selection - Yahoo Finance (May 23, 2026)
- Hyliion awarded U.S. Navy contract to advance multi-unit KARNO power module - Defense and Munitions (Aug 24, 2025)
- Hyliion Appoints Defense Innovation Leader Abdul Subhani as Strategic Advisor - PR Newswire (Jul 07, 2026)
- Hyliion’s KARNO Power Module Named to TIME’s Best Inventions of 2026 - Business Wire (Oct 15, 2026)
- Hyliion Awarded $41.7 Million U.S. Navy Contract for Megawatt-Scale KARNO Power Generation Systems - Business Wire (Jul 22, 2026)
- Hyliion Holdings Reports First-Quarter 2026 Financial Results - Business Wire (May 12, 2026)
- Hyliion Holdings Schedules Q1 2026 Financial Results Conference Call and Webcast for May 13, 2026 - Business Wire (Apr 29, 2026)
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About Hyliion: questions and answers
What does Hyliion do?
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, OH, Hyliion is addressing
Where is Hyliion headquartered?
Hyliion is headquartered in Cedar Park, Texas, United States.
How many employees does Hyliion have?
Hyliion has about 131 employees.
Who leads Hyliion?
Thomas Healy is a Founder at Hyliion.
What is the latest news on Hyliion?
On Oct 02, 2026, SEC 8-K (5.02):
Is Hyliion a public company?
Yes. Hyliion is publicly traded under the ticker HYLN.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy