Hyliion Holdings Corp. (NYSE:HYLN) ("Hyliion"), a developer of sustainable electricity-producing technology, today announced it has signed a non-binding Letter of Intent (LOI) for collaboration with Mesa Natural Gas Solutions ("Mesa"), a leading manufacturer and provider of natural gas generators and microgrids.

The LOI outlines a phased demonstration plan for the KARNO™ Power Module across oil and gas and industrial applications. The LOI includes the purchase of one 200 kW KARNO Power Module and an option to acquire additional Power Modules in 200 kW and 2 MW configurations totaling 2.4 MW in capacity upon completion of successful performance validation. The demonstration will begin with a 200 kW Power Module deployed at a commercial site for stationary power generation using natural gas, followed by deployment at an oil and gas site using wellhead or flare gas.