Hyliion is a publicly listed manufacturer of clean modular power generation systems, best known for the KARNO Generator technology it acquired from GE Aerospace in 2022.
The two companies are co-developing an advanced liquid hydrogen-to-coolant heat exchanger for a next-generation hydrogen internal combustion engine (ICE) endurance race car.
The company says the investment marks a 'deliberate and exciting' new chapter for Phase3D, with a plan in place to move from a 'high-mix custom build model to standardised product manufacturing at scale.'