thomas healy wiki hyliion

The driver has the ability to turn the system on and off. The contest was co-sponsored by COMSOL and Mouser Electronics, with Analog Devices and Intel serving as supporting sponsors. This pattern of strong gains upon the merger’s announcement and profit-taking when the listing is approved by shareholders has happened with many recent SPACs. This will be a subscription package that will result in fewer issues with maintenance and lead to longer lifetime value in addition to improved battery efficiency and savings on fuel costs. Graduated with a dual degree in Mechanical Engineering from Carnegie Mellon University in Engineering and Public Policy. “What makes our system unique is that we solely focus on the trailer,” Healy said to Off-Highway Engineering. Serving the global freight industry with the fastest and most comprehensive news insights and market data on the planet. It will build new natural gas stations for qualifying Hyliion customers near their locations with no customer-paid up-front costs. These can connect to any sort of truck and reduce emissions and make the vehicle more fuel-efficient. Enter your email address to follow this blog and receive notifications of new posts by email. HYLN believes that its powertrain system has 2.6 times the range of a Tesla Semi can and 1.7 times what NKLA claims. Currently, the company’s two main products are Hybrid Diesel and Hybrid CNG components. Even though the system adds about 500 lb (227 kg) to a tractor-trailer, “the government in most states allows you to carry anywhere from 400-450 extra pounds of payload if you’re running an APU. TSLA has been successful in terms of cars, but there were many bumps along the road, and moments when it seemed like it would fail. “It’s like taking one of the axles off the truck and putting it on the trailer,” he explained. Healy had been around cars his whole life due to … Healy had been around cars his whole life due to his amateur race car driving hobby. However, investors should keep this stock on their radar to see if HYLN starts is making progress in scaling up and able to gain a legitimate foothold in the commercial transportation industry. Each ANG station has the compression to shorten refuel times for Class 8 trucks on par with diesel refueling. Currently, HYLN is in its infancy as a company and is a high risk/reward investment. Essentially, Hyliion is turning a passive axle into a drive axle. However, its long-term vision is to build electric powertrain systems that it believes will revolutionize the commercial transportation industry. ANG operates 58 stations in 17 states and has more than 200 fleet customers. For example, the axle is a production component that’s already been tested and has the weight rating certifications needed to travel over the road. One of the most impressive parts of HYLN is that its founder and CEO, Thomas Healy is 28 years old. Thomas Healy: Mr. Healy has served as Chief Executive Officer of Hyliion since January 26, 2016. When the truck accelerates or starts an uphill stretch, the system drives the rear tires on the trailer. ANG operates 58 stations in 17 states and has more than 200 fleet customers. So now what happens is when the vehicle is slowing down or going downhill, we’re able to capture all that wasted energy and store it in the battery pack on the trailer.”. The intelligent electric drive axle system was recently awarded the grand prize in the 2016 “Create the Future” Design Contest produced by Tech Briefs Media Group, beating out more than 1100 product ideas from 71 countries. Trucking is a trillion-dollar industry. © Copyright 2020, All Rights Reserved, FreightWaves, Inc, Hyliion finds partner to build natural gas fueling stations. ANG also signed a preorder for up to 250 Hyliion natural gas-powered HyperTruck ERX electric systems. “That’s why we’re working with ANG to reduce costs and enable us to offer our customers refueling stations where they are needed.”. Current Openings at Tata AutoComp Systems Ltd (TACO), India's first 100% electric vehicle fleet cab service: Lithium Urban Technologies. Sorry, your blog cannot share posts by email. The Daily Dash: TRATON to acquire Navistar; early earnings disappoint, CP to own Detroit River Rail Tunnel in $312M deal, The Daily Dash: Last-mile event coverage and under-21 driver pilot program, The Daily Dash: Hyliion goes public; Uber Freight lands $500M investment, Hyliion CEO draws distinctions with besieged Nikola. Through its merger with SHLL, HYLN was able to raise $560 million that it plans to use for the development and commercialization of its technology. However, the experience of NKLA’s and TSLA’s experiences shows that it’s no easy task to achieve these targets. HYLN became public through a merger with Tortoise Acquisition Corporation (SHLL), a SPAC that was started by Vincent Cubbage and Stephen Pang. His goal is to help readers identify risks and opportunities in the markets. Hyliion CEO Thomas Healy told FreightWaves in an interview on Oct. 2 that his company’s business plan did not include adding to the nation’s 700 natural gas fueling stations. While these are products that provide marginal improvements, it’s a more exciting product, in development, is the ERX powertrain system. It’s working on building and electric powertrains for trucks and believes its technology is superior to Tesla (TSLA) and Nikola (NKLA). degree in Mechanical Engineering with a double-major in Engineering and Public Policy from Carnegie Mellon University. Hyliion also sells a Dana Inc. (NYSE: DAN) electronic axle to boost the performance and reduce emissions of diesel trucks. HYLN – Hyliion (HYLN) recently went public through a SPAC. Hyliion Holdings Corp. (NYSE: HYLN) is partnering with natural gas fuel and station developer American Natural Gas (ANG) to build additional infrastructure and sell discounted renewable natural gas to Hyliion customers. Due to the listing, his stake in HYLN is worth $1.4 billion which makes him one of the youngest self-made billionaires. So it’s really not netting much of a loss of cargo that you can carry,” Healy said. Its public debut has come at an opportune time given the health valuations in the EV space. However, the company will face significant challenges in scaling production, while the stock is already pricing in significant amounts of future growth. HYLN’s powertrain achieves this with its RNG fuel generator which charges the battery onboard and powers the motor. These are positive for HYLN’s stock in the short-term, as many industry insiders are very bullish on its powertrain system and consider it superior to TSLA and NKLA. It’s looking like electric trucks will eventually be able to carry heavier loads at cheaper costs than traditional trucks in addition to the environmental benefits. Information is available to the driver via a mobile dashboard application. The electric drive axle doesn’t have any data communication with the truck. Many companies in the space have seen massive gains in recent months, and investors are valuing them based on factors like the total addressable market (TAM), future revenue growth, and the strength of their technology.

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