Hyliion Inc

Inflation Reduction Act (IRA) – Fuel Agnostic Linear Generator Repurposes Flare Gas in Oil Fields to Generate Near Zero Emission Electricity the Objective of This Project Is to Definitively Demonstrate the Real-world Capabilities of Hyliion's Karno Generator Technology Within the Oil and Gas Production Environment. Here's a Breakdown of the Specific Goals: 1)DEMONSTRATE Near-zero Methane Emissions, 2)VERIFY Electricity Generation Efficiency, 3)VALIDATE System Integration and Performance, and 4)IMPROVE Communities: Drive Economic Growth, Job Creation, and Improved Air Quality Where It Matters the Most.

Committed

$6.0 Million

Paid to

Hyliion Inc

UEI VDUTHYSP5N59

1202 BMC DR, Cedar Park, TX, 78613

Department of Energy

Place

CEDAR PARK, TX, UNITED STATES

TX-31

Performance

Jan 15, 2025 → Sep 30, 2028

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · cooperative agreement (b)

Department of Energy

Fossil Energy Research and Development to

Hyliion Inc

Committed

$6.0 Million

Paid to

Hyliion Inc

UEI VDUTHYSP5N59

1202 BMC DR, Cedar Park, TX, 78613

Department of Energy

Place

CEDAR PARK, TX, UNITED STATES

TX-31

Performance

Jan 15, 2025 → Sep 30, 2028

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗