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Monday, December 18, 2023 3:20:09 PM
"It is the policy of the United States to support modernization of the nation's electricity transmission and distribution system to maintain a reliable and secure electricity infrastructure that can meet future demand growth and to achieve each of the following which together characterize a smart grid. And if you look at section 7 it mentions deployment and integration of Peak shaving Technologies. Peak shaving is one of the items that the chief strategy officer mentions in Hyliion on investor day. Isn't that ironic, no it's not. The overview and this is going back to the smart grid from energy.gov, the federal funding amount is three billion with a B not million, billion dollars and the recipients include for-profit entities. I'm pretty sure that the board wants a chunk of that cash. To qualify Investments may include monitoring controlling and integrating distributed generation into grid operations."
"If you go back to the press release from Hyliion they successfully provided power to the electric grid and they also mentions it further demonstrates the generator's viability in distributed grid applications. Those two requirements match up with each other, they're trying to pair this with Federal funding for smart grid technology. You have Hyliion on the left with their linear heat generator, the chief strategy officers pitching Prime power Peak shaving, the US government has the department of energy under it and they have a grid Innovation program and they have $3 billion dollar of federal funding available."
"They're trying to position themselves to get some of this Federal grant money and in particular there's also mentioned that there's also loan opportunities so instead of diluting share price they can just get money from the US government through these specific programs to Infrastructure and Inflation Reduction (Act) (IRA) to keep Building Technology."
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