PR94399 

COLUMBUS, Ohio, Feb. 4, 2022 /PRNewswire=KYODO JBN/ --

-- Green Hydrogen Company Moving its Headquarters from Southern California to

Columbus

Hyperion Companies, Inc., a green hydrogen technology company announced today

that the company is moving its headquarters from Southern California to a

65-acre facility on the west side of Columbus, Ohio. The facility will also

house a research and development center in addition to its manufacturing

operations.

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Hyperion will invest more than $297 million in the new facility to manufacture

its next-generation hydrogen fuel cell, which will power its new line of

stationary and mobile energy storage products, including its XP-1

(https://c212.net/c/link/?t=0&l=en&o=3433764-1&h=1333003964&u=https%3A%2F%2Fwww.hyperion.inc%2Fxp1&a=XP-1) hypercar.

he investment will create more than 680 net new, full-time

permanent positions over the next six years, with an annual payroll of up to

$58 million. Founded originally in Columbus in 2011, Hyperion's return to the

city comes as other hydrogen technology startups and manufacturers have also

recently made Columbus home.

Angelo Kafantaris, CEO of Hyperion, and Ohio native said, "After 10 years of

development, we are thrilled to bring our hydrogen technology back to Columbus

where it all started. 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."

Mayor Andrew J. Ginther said, "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' 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."

J.P. Nauseef, JobsOhio president and CEO, said, "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. 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."

Hyperion chose to revitalize the storied 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, Hyperion will be able to fast track its

operations and begin production in 2023.

For more information about Hyperion, please visit www.hyperion.inc.

About Hyperion

Founded in 2011 by an expert team of PhDs, Hyperion Companies, Inc. is a

technology company that focuses on green hydrogen-based power and delivery.

From energy storage to transportation, Hyperion seeks to revolutionize the

energy sector by producing high-quality, low-cost hydrogen fuel cell technology

for use in a wide variety of industries. More information about Hyperion can be

found at www.hyperion.inc  Follow Hyperion on Facebook (https://c212.net/c/link/?t=0&l=en&o=3433764-1&h=3814413461&u=https%3A%2F%2Fwww.facebook.com%2Fhyperionmotor%2F&a=Facebook), Instagram (https://c212.net/c/link/?t=0&l=en&o=3433764-1&h=838674876&u=https%3A%2F%2Fwww.instagram.com%2Fhyperionmotors%2F%3Fhl%3Den&a=Instagram), Twitter (https://c212.net/c/link/?t=0&l=en&o=3433764-1&h=1333247534&u=https%3A%2F%2Ftwitter.com%2Fhyperionmotor&a=Twitter), and

LinkedIn (https://c212.net/c/link/?t=0&l=en&o=3433764-1&h=2232374957&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fhyperion-motors%2F&a=LinkedIn).

Media Contact: Alex Adams, (202)-805-2764, press@hyperion.inc

SOURCE  Hyperion Companies Inc.