Aug 25, 2022 / 04:00PM GMT
Thomas J. Healy - Hyliion Holdings Corp. - Founder, President, CEO & Director
Hello, everyone, and thank you for joining us today as we're going to be sharing more about a special announcement we made this morning of the acquisition of a KARNO generator technology out of GE's Aviation division.
Now before we dive in and share more on how this generator technology works and what are some of the benefits of it, I want to start off with doing a look back on how the energy sector has evolved over the last 50 years.
So on the slide here, you can see back in 1971, where the different sources of electricity came from for the electric grid versus where we are today. Now some of the interesting numbers on this slide are that 50 years ago, over 50% of the electricity we utilized was coming from coal-fired and petroleum-based power plants.
Fast forward to today, that number is now less than 25%. One of the other interesting things is that we only saw a 3% increase in the amount of renewable electricity. But overall, we have made great strides and specifically around our reduction in
Hyliion Holdings Corp Definitive Agreement to Acquire Hydrogen and Fuel Agnostic Generator Technology From General Electric Co - M&A Call Transcript
Jan 23, 2024
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