Hyperion Companies Inc., a green hydrogen technology company, revealed 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.

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.

Hyperion will invest more than $297 MM 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 hypercar. The 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 MM. 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.

"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."