Hy-Stor Technologies based in Charleston, will buy Ergenics, a New Jersey based research lab, bringing jobs with it.
The lab creates affordable clean energy using hydrogen. Hy-Stor is looking for locations possibly in the Mount Pleasant area.
The move will create about 30 jobs.
"As we expand, we will focus on hiring veterans and training locally with the assistance of a robust technical school community as well as cooperation with area research and development authorities," says Walt Thorn, chief operating officer for Hy-Stor.