A new kind of financing called Regulation Crowdfunding could provide an important new source of money for low energy nuclear reaction (LENR) research and development. Regulation crowdfunding could also make it far easier for average people to invest in LENR and profit from it.
Crowdfunding is the use of the internet to raise small sums of money from large numbers of investors. Current US law allows organizations such as the Martin Fleischmann Memorial Project to raise funds through crowdfunding but it doesn’t allow them offer to offer equity (stock or ownership) to those who put up money.
The JOBS Act passed by Congress in 2012 allows a company to raise up to $1 million in a year by selling equities to the public through Regulation Crowdfunding. That would allow companies such as LENUCO, NANORTech and Brillouin to offer average people equity in a cold fusion venture in exchange for funding. It could help an inventor raise the money he needs to build an LENR prototype.
There were two major demonstrations of little known low energy nuclear reaction (LENR) devices in the last week of January. These demonstrations spotlight lesser known companies that are fast becoming major players.
Mitchell Swartz of Jet Energy again demonstrated and lectured about his NANOR and Phusor cold fusion devices at the Massachusetts Institute of Technology MIT on Jan. 27. The lecture was part of Peter Hagelstein’s well known Cold Fusion 101 short course which is held every year at the end of January. Videos of all the lectures and demonstrations have been posted at several websites.
Swartz has achieved some impressive results with his NANOR according to the lecture. His lecture indicates that the NANOR device is a serious rival to Andrea Rossi’s ecat and Brillouin’s hot tube. The E-Cat World blog listed some impressive accomplishments for NANOR and PHUSOR including:
A North Carolina based company called Industrial Heat LLC has come out and admitted that it now owns Andrea Rossi’s ecat low energy nuclear reaction (LENR) technology. Industrial Heat has put out a press release in which it confirmed rumors that it had spent $11 million to purchase Rossi’s device.
The press release also confirmed speculation that Tom Darden of Cherokee Investment Partners a North Carolina equity fund is a principal investor in Industrial heat. It stated that one of Darden’s associates J.T. Vaughn is the manager of Industrial Heat LLC. Industrial Heat LLC is based in the Research Triangle region around Raleigh, North Carolina where many technology companies have operations. Cherokee’s website describes Vaughn as a Senior Analyst at the firm.
Unconfirmed rumors reported by several media outlets have identified the mysterious investor that bought the e-cat low energy nuclear reaction device and Leonardo Corporation from Andrea Rossi as Cherokee Investment Partners LLC. Cherokee is a private company or hedge fund based in Raleigh, North Carolina.
E-Cat World claims that Cherokee formed a subsidiary called Industrial Heat LLC which used $11 million to buy the right to the E-cat from Andrea Rossi. E-cat World also claimed that Rossi has been appointed Chief Scientist at Industrial Heat. Bloomberg described Industrial Heat LLC as a company that operates in the energy sector.
The address listed for Industrial Heat LLC is Suite 300, 111 East Hargett Street, Raleigh, NC 27601. That is also the address listed at Cherokee’s website. Thomas Darden the Chief Executive Officer of Cherokee Investment Partners is listed as Manager of Industrial Heat LLC.
Brillouin Energy Corporation could begin manufacturing Low Energy Nuclear Reaction (LENR) devices by the end of 2014, the company’s CEO Robert W. George III told Sterling D. Allen of Pure Energy Systems. George also said his company has signed a “multimillion dollar licensing deal” with an unidentified firm in South Korea.
The Korean firm has already paid Brillouin $375,000 in cash as half of the down payment for the rights to manufacture its hot tube boiler technology, George reportedly said. The company is supposed to wire Brillouin another $375,000 within 90 days to cement the deal.
The deal reportedly signed just before Christmas will obligate Brillouin to give the mysterious client a set of plans for the hot tube device. The client would then build and test the devices before deciding what to do with them. George didn’t say what the client plans to do with the devices.
An alliance that could lead to the development of vehicles and small scale generators powered by low energy nuclear reaction (LENR) has been born. Cyclone Power Technologies the maker of a next generation steam engine has hired Purdue University professor, nuclear physicist and LENR expert Yeong E. Kim as a consultant.
Kim’s job at Cyclone is to help the company determine if an LENR powered steam engine is practical and to commercialize such an engine. Dr. Kim has long been an outspoken advocate of LENR or cold fusion. Kim is a theoretical nuclear physicist who is currently serving as a professor of Physics at Purdue. He’s also group leader of the Purdue Nuclear and Many-Body Theory Group and Director of the Center for Sensing Science and Technology.
Kim is part of Cold Fusion Energy Inc., a consortium of scientists working to commercialize LENR. Other members include George H. Miley, Francessco Piantelli, Francesco Celani and MIT Professor Peter L. Hagelstein. No other members of that group appear to be working with Cyclone Power.
TheMartin Fleischmann Memorial Project may have discovered the “smoking gun” of low energy nuclear reaction (LENR). The project’s blog is claiming that French scientist Jean-Paul Biberian independently replicated and confirmed one of its low energy nuclear reactions with less than 24 hours of work.
Two project researchers Mathieu Valat and Bob Greenyer were able to detect gamma pulses every time they filled a Celani Cell with deuterium and switched it on. Valat and Greenyer are so confident about their discovery that they discussed it on YouTube. They believe this is evidence of LENR, when Jean-Paul Biberian duplicated this experiment he was able to get a similar result.
“Essentially it means that we have a device that is doing low energy nuclear reactions,” Greenyer said of the Celani Cell. Valat said the device can be turned on and off.
The man who made the University of Missouri at Columbia a major center for low energy nuclear reaction(LENR) research will leave his job early next year. New Energy Times is reporting that Robert Duncan has accepted a position as vice president for research at Texas Tech University.
Duncan is familiar to LENR fans as the scientist who discussed cold fusion on a famous feature on CBS’s 60 Minutes news magazine. At the University of Missouri Duncan has been a tireless proponent of LENR.
Among other things Duncan organized the Sidney Kimmel Institute for Nuclear Renaissance at the University. That’s the only program at a major American university dedicated to active LENR research. The Institute financed by clothing billionaire Sidney Kimmel has begun research.
Duncan also brought the 18th Annual International Conference on Cold Fusion (ICCF) to Columbia this summer. The Conference was the first on LENR held at a major American college in many years.
Andrea Rossi has detailed the origins of his Rossi effect low energy nuclear reaction phenomenon. The effect is the basis of Rossi’s ecat LENR technology. The Italian-American inventor stated that he invented the effect in Manchester, New Hampshire, in 1996.
Rossi stated that he used a 4 volt battery to melt some nickel and produced an effect that produced a coefficient of power (COP) effect of 3. That means he generated 3 times as much power as he put into the experiment. Rossi also stated that he burned his finger on the hot nickel. Rossi also stated that he had been working on LENR since 1993.
The inventor also admitted that he was living in poverty at the time because of the legal troubles that arose over his former business Petroldragon which was seized by Italian authorities. He said he was living on $100 a day, working in manual labor and sometimes eating just two eggs a day when he began his work on LENR.
The man behind Brillouin’s low energy nuclear reaction technology shared some interesting thoughts on the nature of cold fusion and the science behind it. Robert Godes the President and Chief Technology Officer of Brillouin Energy Corporation broke his long standing silence and voiced some interesting opinions on Gary Hendershot’s Smart Scarecrow Show on Sept. 13.
The interview in which Brillouin’s CEO Bob George also participated is well worth watching. Godes revealed something of his sciences and thoughts. He also discussed his rivals Andrea Rossi and Defkalion and their LENR efforts.
Some of the most important points made by Godes included: