Hyliion Holdings Corp., a developer of modular power plant technology, released its financial results for Q1 2025, focusing on the development and commercialization of the KARNO™ generator platform. The company unveiled the KARNO Power Module at the ACT Expo in California, attracting interest from sectors like EV charging, hydrogen production, and more. They also signed a Letter of Intent with MESA Natural Gas Solutions for potential purchase of 12 units. Hyliion demonstrated reliability with the U.S. Navy, secured commitments for over 100 Power Modules, and addressed engineering challenges to enhance performance. They recorded $0.5 million in revenue, reiterated revenue guidance of $10 to $15 million for 2025, and ended Q1 with $199 million in cash. The company aims to commercialize the KARNO Power Module by year-end. CEO Thomas Healy expressed optimism about customer interest and engineering progress, highlighting solutions to technical hurdles. The company anticipates overcoming obstacles to increase deployments with customers.