Re: FIRST FREE ENERGY DEVICE REACHES MARKET IN OCTOBER -- The Game Changer is Here

Chess:

Rossi is basically stating that he is taking private investment money to advance his project.? I seem to recall you vehemently denying this.

@MileHigh:

Once again, your recollections are misleading and dis-informative at best.? To set the record straight, below is the direct quote from Rossi that I posted in this thread back on February 9, 2012, 02:10:29 AM (Reply #597 on Page 40):

Sterling Allen: Totally different question. I get inquiries from time to time about investment. I know there are people out there interested in investing in your company. What ranges of dollar amounts will you consider for investment? Anything above "X" dollars, for example.
?
Andrea Rossi: You know the issue is of a philosophic kind, because we are not yet... Our company before we will have millions of E-Cat units in operation, our company will be a sort of a warship. And as I usually say, I want not to play football with the bones of the others. So we cannot, we want not to accept money from people that have saved money working, and they want to invest their money to give, how can I say, safety to their family. We want not that. We do not want the savings of families in our enterprise now. Our enterprise is still risky, for many reasons. So we can accept investments from big organizations, that can invest a small amount... Some hedge funds of their finances, and can risk it, in a way that if something goes wrong, no body is going to cry. And no body is going to be damaged, really. Do you understand?

While we're on the subject of setting the record straight, let us clear up a little more disinformation, shall we?

1MW is a negligible amount of power for an electric utility so you are not making any sense.

...and

One megawatt is a drop in the bucket for an electrical utility.

Regarding size limitations of E-Cat power plants I posted the following (Reply #925 on April 7, 2012, 06:24:48 AM):

Oilprice.com: It almost seems as if you?re downplaying the role that LENR could play in providing cheap abundant energy for the world, by only developing relatively small units. Do you not believe that your LENR machine could truly solve a lot of the world?s energy problems? Do you plan to build much larger units of 10s-100s of megawatts, or is that not possible?
?
Andrea Rossi: We are already developing 1 MW plants, and it will be easy to link these plants together to make larger power plants. Due to the compact scale, and efficient energy production process, an E-Cat power plant will be much smaller than its fossil fuel or nuclear equivalent.
?
Oilprice.com: You mentioned linking 1MW plants together to make larger power plants. How would this work? What would the cost be?
?
Andrea Rossi: The 1MW units can be assembled at a reduced size of 10ft x 8ft x 8ft, and can then be stacked in series or parallel to produce the necessary power. It will cost 1,000 $/KW.

Setting the record straight again

Chess

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