{"id":6208,"date":"2014-01-25T22:31:53","date_gmt":"2014-01-25T22:31:53","guid":{"rendered":"http:\/\/hobbyspace.com\/Blog\/?p=6208"},"modified":"2014-01-25T23:40:48","modified_gmt":"2014-01-25T23:40:48","slug":"sci-tech-investment-group-buys-rights-to-andrea-rossis-e-cat-technology","status":"publish","type":"post","link":"https:\/\/hobbyspace.com\/Blog\/?p=6208","title":{"rendered":"Sci-Tech: Investment group buys rights to Andrea Rossi’s E-Cat Technology"},"content":{"rendered":"

An affiliate of the reputable\u00a0Cherokee<\/a>\u00a0investment group of North Carolina has bought the rights to Andrea Rossi’s nickel\/hydrogen energy devices<\/a>, which are based on an unexplained LENR (Low Energy Nuclear Reactions)\/Cold Fusion process. The Industrial Heat, LLC \u00a0announcement is shown below. They were convinced of the validity of large net energy production from Rossi’s devices by the study released last spring\u00a0by a group from Uppsala University in Sweden and the Univ. of Bologna in Italy \u00a0(see the\u00a0post here and the comments<\/a>),\u00a0as well as by tests of their own\u00a0personnel and an independent expert. (The Uppsala\/Bologna group said last year that they would begin a longer investigation in the fall so they are probably to ones doing a study that Rossi says is underway now.)<\/p>\n

Here is some background to Cherokee and the Industrial Heat companies:\u00a0Confirmed: Raleigh\u2019s Cherokee buys into controversial nuclear tech device – Triangle Business Journal<\/a>.<\/p>\n

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Industrial Heat Has Acquired Andrea Rossi’s E-Cat Technology<\/a><\/strong><\/p>\n

RESEARCH TRIANGLE, N.C.,\u00a0Jan. 24, 2014\u00a0\/PRNewswire-USNewswire\/ — Industrial Heat, LLC announced today that it has acquired the rights to\u00a0Andrea Rossi’s\u00a0Italian low energy nuclear reaction (LENR) technology, the Energy Catalyzer (E-Cat). \u00a0A primary goal of the company is to make the technology widely available, because of its potential impact on air pollution and carbon dioxide emissions from burning fossil fuels and biomass.<\/p>\n

“The world needs a new, clean and efficient energy source. Such a technology would raise the standard of living in developing countries and reduce the environmental impact of producing energy,” said JT Vaughn speaking on behalf of Industrial Heat (IH).<\/p>\n

Mr. Vaughn confirmed IH acquired the intellectual property and licensing rights to Rossi’s LENR device after an independent committee of European scientists conducted two multi-day tests at Rossi’s facilities in Italy.<\/p>\n

The published report by the European committee concluded, “Even by the most conservative assumptions as to the errors in the measurements, the result is still one order of magnitude greater than conventional energy sources” [referring to energy output per unit of mass]. The report is available online at\u00a0http:\/\/arxiv.org\/abs\/1305.3913<\/a>. In addition, performance validation tests were conducted in the presence of IH personnel and certified by an independent expert.<\/p>\n

Since acquiring Rossi’s technology, IH has engaged in a broad-based effort to protect it by preparing numerous patent applications related to the core technology as well as associated designs and uses.<\/p>\n

Tom Darden, who co-founded Cherokee Investment Partners, a series of private equity funds specializing in cleaning up pollution, is a founding investor in Industrial Heat. He is one of a small group of like-minded investors who are supporting this technology because it could significantly address a number of social and environmental challenges. They have committed to make it broadly available because of its potential for impact. \u00a0IH is considering partnerships with industry participants, universities and NGO’s to ensure the technology is developed in a thoughtful and responsible manner.<\/p>\n

JT Vaughn manages Industrial Heat. He is the founder of Cherokee McDonough Challenge, an accelerator for environmental startups, and a leader in the startup community in the Research Triangle.<\/p>\n

Companies or organizations interested in partnering with Industrial Heat should reach out to JT Vaughn at\u00a0info@industrialheat.co<\/a>.<\/p>\n

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There was a week long symposium last summer at the University of Missouri on LENR. Videos of the presentations are available here<\/a>. Here is one of Dr. Robert Duncan who organized the conference. He first got involved in this area when the CBS 60 Minutes program asked him to give an independent review of some cold fusion projects that they were reporting on. He was so intrigued by what he saw that he began his own research into the field and founded an institute at UM to sponsor such research.<\/p>\n