Browsing the archives for the Investing category
The European Union (EU) has released a document that recommends more research be done into Low Energy Nuclear Reaction (LENR) and, significantly, the Pons and Fleischmann effect. The document was created by the Directorate-General for Research and Innovation Directorate G Industrial Technologies of European Commission (part of the European Union).
E-Cat World recently emailed a list of questions to Andrea Rossi to try and catch up on developments. Some of his answers could be called evasive but he is still confident that the first 1MW non-military E-Cat Plant will be up and working by the end of this year.
Aldo Proia of Prometeon has warned critics of his company or Rossi’s E-Cat that they could face legal action for any slanderous remarks. Proia issued the warning during an interview with the Italian news magazine Il Democratico following the announcement that his company would be the licensee for Leonardo Corporation in Italy and San Marino.
The first advertisement for E-Cat technology has appeared on YouTube. It has been produced by E-Cat Australia, licensee for Leonardo products in Australasia, South East Asia, and the Pacific island. The advert looks like something that a school child might produce for homework rather than the first step in the global release of the world’s future energy source. That being said, at least it is an attempt to increase public awareness.
On 17th July US financial cable network CNBC included a segment about cold fusion during their program entitled “Scientific Breakthroughs”. The program was aired at 9pm and repeated at midnight but no live streaming was available on the internet for avid cold fusion followers.
ITER, the international project to build a massive (hot) fusion tokamak reactor in the south of France has hit major difficulties as costs and technical problems increase. Originally estimated at a cost of $6 billion and 10 years to build, those cost estimates now exceed $16 billion with some scientists believing that the technical hurdles are enormous. Some have gone on record as saying that fusion as viable source of energy could take at least 100 years to achieve.
Francesco Piantelli, the Italian physicist at the University of Siena who has been involved in nickel-hydrogen research is seeking investments for his work.
E-Cat World has rightly been asking the question…what exactly is the level of NASA’s interest in LENR? They reported recently that there is a lot of debate about the subject with some excited enough to look into it whilst others suspect a government agency could be spending tax dollars on an unproven science.
Andrea Rossi has pledged to reveal the companies and individuals to whom he has licensed his E-Cat low nickel hydrogen nuclear reaction technology in October this year. He also revealed that he is working on a new reactor and has plans to hold an E-Cat convention in the same month. It will be almost exactly a year on from when he revealed his prototype.
Following Andrea Rossi’s recent statement that Leonardo Corporation would be manufacturing E-Cats inItaly, it appears he has now done a complete U-turn. The reasoning behind the change of plan is explained in a statement by an Italian official in response to a question raised in the Italian parliament about Low Energy Nuclear Reaction. A letter by Italian Secretary of State, Professor Claudio De Vincenti appears to cast serious doubts on whether Italian governmental policy would look kindly upon E-Cat Technology. It now appears that Rossi is favouring Sweden over Italy, should he decide that he needs a Plant inEurope.