Monday, March 14, 2011

Rossi Risks 500,000 Euros On Development of Modular LENRs

Italian engineer Andrea Rossi is using the last of his personal savings to finance the construction of 100 LENRs of 10 kWt (kilowatt thermal) each and for advanced R&D on the device at the University of Bologna. When combined into one unit, the project is slated to supply Athens, Greece company Defkalian with 1 MW of heat energy. Rossi is unusual among inventors in insisting on using his own money to prove that his device works at industrial scale.
“I get paid (by Defkalion) only when the installation is delivered and if it works. I do not want people to spend any money until I have started and tested my one-megawatt plant,” said Rossi.

So far he says he has invested 500,000 Euros in developing and building 100 reactors, of ten kilowatts each, that comprise the Athens plant. He also claims that more than a thousand reactors have been built and destroyed during the development.

According to Rossi, the capital used on the project derives from the sale of the Italian company Eon, which he founded in 2003....Rossi is now paying the remaining 500,000 Euros to the Physics Department of Bologna University, following a new agreement under which the university will help Rossi with the continued development of the reactor and studies of its physical phenomena.

According to the agreement, the work is led by the physicist Giuseppe Levi, who was the main observer when the ‘energy catalyzer’ was demonstrated to invited scientists and media in Bologna in January 2011. Giuseppe Levi also carried out a longer test of the reactor in February, lasting 18 hours.

“The 500,000 Euros I am paying to the University of Bologna is my last money, but when I deliver the one-megawatt plant to Defkalion I get cash back. From then on, 50% will be used for expansion and 50% to treat children with cancer. I will personally look for the children whose families cannot afford their care,” said Andrea Rossi. _nyteknik

English transcript of a discussion with two eminent Swedish scientists who share their thoughts on Rossi's LENR device, including their impressions of their own interactions with Rossi himself. Both gentlemen are natural sceptics, and are withholding judgment on the ultimate fate of the device. Yet they agree that Rossi is not likely to be perpetrating a scam.

Typical scam artists will solicit as much outside investment as possible, without risking much of their own money. That is not how Rossi appears to be approaching this venture. Al Fin analysts will follow events as they become public.



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