11:03 AM EDT, 05/12/2025 (MT Newswires) -- Hyliion ( HYLN ) said Monday it has signed a non-binding letter of intent to collaborate with Mesa Natural Gas Solutions.

The agreement outlines a phased plan to test Hyliion's ( HYLN ) KARNO power module in industrial and oil and gas applications. Per the letter, Mesa will purchase one 200-kilowatt, or kW, KARNO power module, with the option to acquire additional units in 200-kW and 2-megawatt sizes, up to a total of 2.4 megawatts, if the technology performs successfully during testing, the company said.

The demonstration will start with a 200-kW unit operating at a commercial site using natural gas for stationary power generation. A second phase will involve deployment at an oil and gas site, using wellhead or flare gas as the fuel source, the company added.

Shares of Hyliion ( HYLN ) rose past 5% in recent trading activity.

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