Distributed Power Generation / Clean Energy Technology
Strategic Profile
Hyliion entered into a strategic partnership with ABM Industries to jointly deliver integrated distributed energy solutions, combining the KARNO Power Module with ABM's site engineering, integration, and construction capabilities. The company is on track to deliver initial KARNO units to customer sites and military applications in 2026, with plans to commercialize by year end, and is expecting to secure $40-50 million of follow-on U.S. military contracts.
Cyborg Score Rationale
Hyliion has strong momentum with 500 KARNO Cores under non-binding letters of intent and UL certification expected in Q2 2026. However, trailing twelve-month revenue is only $1.5M while net income is -$52.0M, indicating early-stage commercialization with significant burn rate.
Top Insights
KARNO Power Module successfully demonstrated 175 kW of power generation with stable performance across operating conditions and low emissions
Nearly 500 KARNO Cores under non-binding letters of intent from military and data center markets
2026 revenue expected at $10 million from R&D services and commercial sales to military, data centers, and prime power sectors
Company ended 2025 with $152 million in cash and investments with year-end 2026 balance expected at approximately $100 million
Named Competitors
CHARGER Platform — Distributed power and energy management solutions
Power Electronics — Industrial power conversion technology
Microgrid Solutions — Distributed energy and grid solutions
Recent Developments
(February 2026) Successful operation of full KARNO Core system on diesel fuel