Hyperion Companies Inc., a green hydrogen technology company, will invest more than $297 million to relocate its headquarters from Southern California to Columbus, Ohio. The project is expected to create 680 new jobs over the next six years.
The facility, which will be built on 65 acres, will also house a research and development center in addition to its manufacturing operations, according to company officials. Hyperion will produce its next-generation hydrogen fuel cell, which will power its new line of stationary and mobile energy storage products, including its XP-1 hypercar.
"After 10 years of development, we are thrilled to bring our hydrogen technology back to Columbus where it all started,” said Angelo Kafantaris, CEO of Hyperion. “Building the XP-1 allowed us to test and refine our fuel cell technology, allowing us to create the most advanced green hydrogen fuel cell stack for a number of different applications. With its ability to store mass quantities of electric energy, hydrogen has tremendous long-term, zero-emission potential for the energy sector, and will be one of the most powerful tools in reducing carbon emissions on a global scale."
Hyperion said it chose to revitalize the iconic building that once housed the printing operations of the Columbus Dispatch because the layout and operations of the highly advanced roll-to-roll printing hub mirror those of a high-yield fuel cell membrane coating process. Between the ideal technical capabilities of the building, the hydrogen supplier network already in place in Ohio as well as the depth of the local R&D talent, the company will be able to fast track its operations and begin production in 2023.
"Ohio is poised to lead in the development of hydrogen fuel cells, and Hyperion Companies, Inc. has invested significant resources in developing cutting-edge solutions in advancing this technology to support the automotive, transportation and energy storage industries," added J.P. Nauseef, JobsOhio president and CEO. "JobsOhio plans to provide assistance following the company's achievement of operational milestones as Hyperion moves forward to establish a new headquarters and R&D center in the Columbus Region."