[UPDATE] Fuel Cell Company to Relocate to Tallahassee

By: Eyewitness News Email
By: Eyewitness News Email

[UPDATE] 2-10 1:15PM --

Tallahassee, Fla. – Florida Governor Rick Scott today announced that Bing Energy Inc. (BEI) of Chino, California, has selected Florida as the new site of the company’s world headquarters. BEI, in collaboration with Florida State University’s (FSU) Dr. Jim P. Zheng, is planning to turn revolutionary nanotechnology pioneered at FSU into a better, faster, more economical and commercially viable fuel cell. The move is expected to create at least 244 jobs paying an average wage of $41,655 in Florida.

“I am proud to welcome Bing Energy and thank them for recognizing that Florida is the best state in the nation. As Governor I am continuing to make it the best place to do business. This is only the beginning,” said Gov. Scott. “Just as Bing Energy was convinced to bring jobs here, I am talking to companies across the nation. I am letting them know that our reduction in the business tax burden, commitment to job creation, and Florida’s world-class workforce mean we are open for business.”

Bing Energy Inc. is moving its global headquarters to Tallahassee to work in partnership with Dr. Jim P. Zheng, who has pioneered a fuel cell that incorporates a thin membrane composed of carbon nanotubes, reducing the need for expensive platinum components that, until now, have made fuel cells too expensive to be widely marketed. Dr. Zheng’s technology is based on pioneering research and development of buckypaper conducted at FSU's High-Performance Materials Institute. The institutes's director, Dr. Ben Wang, is the assistant vice president for research at Florida State University.

Bing Energy’s innovation promises to produce a fuel cell that is more efficient, more durable and significantly less expensive – benefits that could transform the transportation and power generation sectors.

Joining Governor Scott in celebrating Bing Energy’s move to Florida were Bing Energy Inc. CFO Dean Minardi, FSU President Eric J. Barron, Mayor John Marks, and representatives from the Economic Development Council of Tallahassee/Leon County Inc.

“We all know the world’s existing energy use pattern is unsustainable,” said Minardi. “A commercially viable fuel cell will transform the way we drive, reducing our dependence on fossil fuels. It will transform the way we deliver energy to neighborhoods, ensuring reliability and eliminating the risk of brownouts.”

Bing Energy Inc.’s move to Florida is tied to a $1.9 million award they received from the Governor’s Office of Tourism, Trade and Economic Development. The award is a Qualified Target Industry Tax Refund in support of job creation. The local Tallahassee and Leon County governments are also supporting Bing Energy Inc. by each providing a 10 percent match on the QTI Award.

Governor Scott has made creating jobs his top priority. As governor, he plans to create 700,000 jobs in the next seven years by implementing accountability budgeting, reducing government spending, enacting regulatory reform, focusing on job growth and retention, investing in world class state universities, reducing property taxes and phasing out the business income tax.

About Bing Energy Inc:

Bing Energy Inc., a manufacturer of state-of-the-art components for polymer electrolyte membrane fuel cells, will begin production in March of 2011 and serve the domestic and international energy markets.

What others are saying about Bing Energy Inc.’s move to Tallahassee:

“We know that, with the continuing support of Governor Scott, the Legislature and the people of Florida, our institutions of higher learning will continue to foster innovation, and jobs will continue to cluster around those innovations. The breakthrough research by Drs. Wang and Zheng and the company's decision to come to Florida confirm that the investment made in their work by our State and the Federal government, has realized its commercial potential. Bing Energy represents the future and Florida State is proud to be a part of it.”

Dr. Eric Barron, president of Florida State University

“Our organization identified tax incentives and workforce training programs that gave Tallahassee the edge over other communities under consideration. This is a perfect example of why connecting industry, education and government is so important. In this case, these connections helped us to retain our talent, as well as our university technologies and commercialization within our community."

Kim Williams, chairman of the Economic Development Council of Tallahassee/ Leon County Inc.

“The County is committed to working with our public and private sectors, especially our universities, to help businesses locate in our community.”

John Dailey, chairman of Leon County Board of County Commissioners

"We understand the importance of creating jobs in our community and retaining one of our greatest assets, our workforce talent. The City of Tallahassee is committed to doing our part to help this promising company establish its roots in our community."

John Marks, mayor of the City of Tallahassee

____________________________________

Bing Energy Incorporated from Chino, California will be relocating to Tallahassee. The announcement was made at 11:15 this morning (2/10). Governor Scott, Mayor Marks, and other local officials were present for the announcement. The relocation is expected to bring at least 244 jobs to the area.

Bing Energy, Inc. (BEI), a manufacturer of state-of-the-art components for polymer electrolyte membrane fuel cells (PEMFCs), has entered into a commercialization agreement with Florida State University that gives the company exclusive use of revolutionary nanotechnology that will create a new generation of hydrogen fuel cells that are less expensive, smaller, lighter and more durable.

WCTV will have details this evening.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Frank Location: White on Mar 9, 2011 at 10:58 PM
    Some interesting information about Bing Energy and Jim P Zheng: http://blog.reidreport.com/2011/02/reader-post-the-curious-case-of-bing-energy/
  • by me, not gov material Location: tally on Feb 11, 2011 at 10:25 AM
    ALICE...how naive of you to think you are the only "alice"...and to all the credit givers....make sure you read the update.
  • by Alice Location: crawfordville on Feb 11, 2011 at 07:01 AM
    @me, that is not a real name,cop out that u are,all losers coming to FLA, i.e. Ballon boy and family MY NAME IS ALICE
  • by me Location: tally on Feb 11, 2011 at 05:52 AM
    I figure if any of you haters were governor material you would have signed your real name...you know the one that was on the ballot. So, if the company did not come would it have been Scott's fault? Sure would! Just admit you lost the election and you're showing contempt. Either way, a new business is coming...Get your resume ready, if you're qualified(which I seriously doubt).
  • by Anonymous on Feb 11, 2011 at 12:01 AM
    Scott closed the deal. Let's get to work!
  • by bob Location: havana on Feb 10, 2011 at 07:55 PM
    corp welfare is as bad as welfare and is not right fl has just twice the number of people as georiga but it cost 4 times as much to run our govt we need to do away with property tax so in America we can own property outright
  • by Anonymous on Feb 10, 2011 at 04:59 PM
    Good Job Charlie Crist, this has been in the works the credit goes to Dr. Zheng and Charlie Crist not Scott.
  • by Anon Location: Tally on Feb 10, 2011 at 03:50 PM
    Good job Charlie Crist and Mayor Marks!! This is a wonderful move for Tallahassee and I hope that it will strengthen the economy.
  • by Bolillo Location: Wakulla on Feb 10, 2011 at 02:44 PM
    New Gov; 1 Nay Sayers: 0 He cuts 15 jobs and brings in 244 in the same day. Purdy good, purdy good.
  • by dog Location: gone on Feb 10, 2011 at 02:08 PM
    If they DRUG TEST they Won't be able to find anyone to WORK.
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