Hyliion, Victory Clean Energy Ink LoI To Deploy Up To 10 KARNO Generators To H2 Energy Group
Portfolio Pulse from Benzinga Newsdesk
Hyliion and Victory Clean Energy have signed a Letter of Intent (LoI) for Victory to purchase up to 10 KARNO generators for deployment in H2 Energy Group's Hydrogen production facilities. This agreement marks a significant step towards enhancing hydrogen production capabilities.
April 29, 2024 | 9:17 pm
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Hyliion's partnership with Victory Clean Energy to supply KARNO generators for hydrogen production could significantly enhance its market position and revenue prospects in the clean energy sector.
The agreement to supply up to 10 KARNO generators to Victory Clean Energy for hydrogen production is directly related to Hyliion's business expansion in the clean energy sector. This partnership is likely to have a positive impact on Hyliion's stock price in the short term due to the potential increase in revenue and market presence in the rapidly growing clean energy and hydrogen production market.
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