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Thomas Healy

Founder & Chief Executive Officer, Hyliion Holdings Corp.

Search every verified Thomas Healy interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Thomas Healy, founder and CEO of Hyliion Holdings, has recently discussed the company's dual listing on NYSE American and NYSE Texas, which he said aims to increase exposure in Texas, where the company is headquartered and where he noted significant growth is occurring. He described Hyliion's work in developing the Karno power generation system, a heat engine based on 200-year-old Stirling engine technology that uses 3D printing for manufacturing, and positioned it as enabling on-site electricity generation for facilities such as data centers to reduce reliance on the grid. Healy also commented on the broader electricity demand driven by AI data centers, stating that the U.S. added about one-tenth the electricity capacity that China added last year, and argued that power availability will be decisive in the AI race. In August 2026, Hyliion announced a $41.7 million contract with the U.S. Navy to develop multi-megawatt Karno power modules for maritime vessels and military bases, which Healy described as the company's largest defense contract to date. He noted that the military seeks lower-maintenance power solutions for unmanned autonomous ships, and said Hyliion expects an additional contract from another branch of the U.S. military. Healy also mentioned that the company began customer deliveries in 2025 and completed UL testing for certification, which he characterized as early proof points for the technology's commercial traction.

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Notable quotes

“If you don't use additive your carno power module is 25% efficient, if you do use additive it's 50% efficient, right? So that means that because of additive, now we're going to use half as much fuel as we would have prior, right? So that that's a huge benefit. That's a gamecher, an unlock, right?”

“If you don't use additive your Carno power module is 25% efficient. If you do use additive it's 50% efficient. Right? So that means that because of additive now we're going to use half as much fuel as we would have prior. Right? So that that's a huge benefit. That's a game-changer and unlock.”

“We're at about 400 million of signed agreements that are in place. And so we're working towards starting to deploy those systems and really work down that backlog as well as grow the backlog and find new customers as well. And then this year we've announced that we're expecting another 40 to 50 million of military contracts that we'll be signing.”

“China added about 500 gigawatts of electricity generation to their grid last year. We added 50. So, China 10x'd us last year and this is what everyone's talking about that powers who's going to win this race and so we need to make a lot more electricity in this country.”

“We recently expressed that we think that we'll probably be winning about 40 to 50 million of additional military contracts this year. And so that's a great business for us because those unique benefits of the product really get to shine.”

“We believe that this technology can let you make your own electricity cheaper than you can buy from most of the grid across the US. So if that's the case, why wouldn't you put one of these behind the meter and make your own power, control your own reliability, and control your own kind of destiny on what the cost per kilowatt hour is going to be?”

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