Hyliion Holdings signs LOI with MMR Power Solutions

Hyliion Holdings (HYLN) announced it has signed a non-binding letter of intent with MMR Power Solutions, a subsidiary of MMR Group. The LOI outlines plans for MMR to purchase three Karno Power Modules from Hyliion, totaling up to 600 kW of stationary power output, with deployments expected to begin in the second half of 2026. The LOI between Hyliion and MMR Power Solutions is non-binding and subject to the execution of a definitive purchase agreement.