Wednesday, July 2, 2008

Cleantech that Defies Physics, Whatevs, Here’s $60M

I don't care who you are, that's funny. From earth2tech:

Who needs physics when there’s money to be made? The race to discover clean energy breakthroughs is seeing its fair share of cold fusion style ideas — oh-so-much promise, but a looming gap between enthusiasm and scientific reality. In the case of BlackLight Power, a 19-year old company working on what could be a disruptive fuel cell technology, it sounds like an extremely passionate scientist came down with tunnel vision. Or something much worse.

CNN Money profiles the 25-person company based in Cranbury, N.J., which says it has a working prototype that creates a chemical reaction to alter hydrogen atoms, turning water into super cheap clean power. The company’s founder, scientist Randell Mills, says the fuel cells can provide electricity that is ridiculously cheap — less than 2 cents per kilowatt-hour — and provide 50 kilowatts of electricity, enough to power 6 or 7 houses....MORE