Streetbeat News

VYEY

Victory Oilfield Tech Inc

Employees

Industry

Crude Petroleum and Natural Gas Extraction

Open

0.30

Mkt cap

159M

Volume

High

0.30

P/E Ratio

-10.00

52-wk high

0.90

Low

0.30

Div yield

N/A

52-wk low

0.04

Hyliion Holdings Corp. (HYLN) and Victory Clean Energy Inc. (VYEY) have announced a non-binding LOI for Victory to purchase up to 10 KARNO generators from Hyliion for deployment in H2 Energy Group's hydrogen production facilities. These generators, expected to be delivered in the second half of 2025, will produce electricity from hydrogen-rich syngas derived from biomass, supporting green hydrogen production. The agreement includes an option for additional purchases following the successful deployment of the initial units.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 1:14 pm

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