Hyliion awarded $42M ONR contract for megawatt-scale power generation units

Hyliion Holdings Corp.

Awarded $42M cost-plus-fixed-fee contract by Office of Naval Research (ONR) for HELMUR program.
Will design, develop, build, test, and deliver 2-megawatt and 3-megawatt power generation units.
Work to advance core technology, reduce supply chain risk on magnets, develop additive manufacturing.
Performance primarily in Cedar Park, TX; expected completion by July 2029.
Funding obligated at award using FY2025 and FY2026 Navy RDT&E appropriations.

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