Hyliion executes letter of intent to provide KARNO generators to GTL leasing

Hyliion Holdings announced that it has entered into a non-binding letter of intent with GTL Leasing or GTL for the deployment of KARNO generators. The largest high-pressure gas transport leasing company in the US, GTL will bring the KARNO technology to California as a mobile EV charging solution for its customers where adequate power is not currently available. GTL will be a part of Hyliion’s early adoption program of the KARNO generators with an initial commitment of two generators. Deliveries for the program will begin in late 2024. Upon successful deployment, GTL intends to scale adoption of KARNO units as they expand their portable EV charging business. “Customers are eager to adopt EVs, but often struggle to deploy initial charging infrastructure on a schedule that matches their vehicle adoption plans,” said Michael Koonce, CEO of GTL. “In California and many other states, fleets often face multi-year delays to secure a connection to the utility grid. We are, essentially, the starter kit or interim solution for customers’ EV power needs.”