Patrick Murphy and Local Owners To Hold Ribbon Cutting for Clean Energy Company in Bucks County
Clean energy company Y-Carbon, Inc., founded on technology by Drexel University College of Engineering researchers, brings dozens of new jobs to Bucks County
April 20, 2010 Rep. Patrick Murphy (D-8th District) joined local business owners to announce the official opening of clean energy company Y-Carbon, Inc. in Bristol Township. The company was founded on technology developed at Drexel University’s College of Engineering by Dr. Yury Gogotsi (MSE), Dr. Ranjan Dash (MSE, former PhD student) and Gleb Yushin (MSE, former Drexel post-doc). Ten new employees will head to work at the Bridge Business Center to perform research and development on renewable energy technology.
Y-Carbon has unique capabilities to alter carbons that will be used in the alternative energy and clean energy sectors, ranging from energy itself to water desalination and medicine.
“I’m proud to have helped recruit this innovative company to put down roots here in Bucks County and bring new jobs to the district,” said Congressman Patrick Murphy.
“We are thrilled to partner with Congressman Murphy in moving to Bristol Township to create jobs in Lower Bucks County,” said Jim Horan, CEO of Y-Carbon, Inc.
Ten workers are currently employed at the Bristol site, and they plan to hire an additional fifteen. Y-Carbon, Inc. has also created two spin-off companies, Y-Energy and Y-Water, both of which will also be located in Bucks County. Jim Horan, CEO of Y-Carbon, estimates that each additional company will employ 25 workers within 18 months.
Y-Carbon Inc.’s expansion was made possible with a $150,000 Recovery Act grant for the company, part of over $18 million made available to support small business innovation, research, development, and deployment of clean energy technologies.
Their move to Bucks County builds on Congressman Murphy’s previous work to develop Bucks County into a hub for green energy companies by recruiting new, innovative firms to the district. Y-Carbon, Inc. will further revitalize the old Rohm and Haas chemical company site, bringing with it good, high-paying jobs to the area. To date, Murphy has helped bring over 2,900 jobs to Southeastern Pennsylvania.