Fresh off Intel’s historic announcement, Columbus is in line for another major tech investment.
Hyperion, a hydrogen power company, will invest more than $297 million in a new facility on the west side of Columbus to make its next-generation hydrogen fuel cell. The fuel cells will power its new line of stationary and mobile energy storage products, including its XP-1 hypercar.
Just days after Intel announced plans to invest $20 billion to set up chipmaking operations in suburban Columbus, area officials are celebrating another major win. Hyperion expects to create 680 jobs over the next six years, with an annual payroll of $58 million.
“Columbus' west side has always been a hub for manufacturing and innovation, and Hyperion will bring a fresh wave of investment and activity that will create opportunity for residents in Westland, the Hilltop and beyond,” Columbus Mayor Andrew J. Ginther said. “Columbus' public and private sectors are committed to leadership in clean energy, technology, cutting-edge manufacturing and the future of mobility, and I am delighted that Hyperion will join us in driving our growth."
Hyperion was founded in Columbus in 2011 but moved to southern California. The return comes as other hydrogen technology companies also recently made Columbus home.
“After 10 years of development, we are thrilled to bring our hydrogen technology back to Columbus where it all started,” said CEO Angelo Kafantaris, an Ohio native. “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.”
Hyperion will renovate a building that once housed the printing operations of the Columbus Dispatch, saying the layout mirrors the needs of its fuel cell membrane coating process. Hyperion expects to begin production in 2023.
Hydrogen power is touted as a key technology for reducing carbon emissions globally.
Visit www.hyperion.inc for more information.