GE Aerospace (LIM:GE)
$ 171 0 (0%) Market Cap: 197.15 Bil Enterprise Value: 201.12 Bil PE Ratio: 32.01 PB Ratio: 10.45 GF Score: 57/100

Hyliion Holdings Corp Definitive Agreement to Acquire Hydrogen and Fuel Agnostic Generator Technology From General Electric Co - M&A Call Transcript

Aug 25, 2022 / 04:00PM GMT
Release Date Price: $51.53
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

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot