Tom Darden, founder and CEO of Raleigh’s Cherokee Investment Partners, an investor in Industrial Heat LLC, has stated he has “moved on” from Andrea Rossi and his E-Cat technology, despite ongoing litigation with Rossi and his partners.
Darden says he’s moved on to other possibilities when it comes to LENR technologies. Rossi’s research was just one of a dozen avenues Industrial Heat was exploring. Of those 12, Industrial Heat has halted or slowed funding on about half, he says, adding that the management team feels “increasingly good” about the remaining avenues. “Our triaging process is working pretty well to figure out which ones we want to continue to support and which ones we don’t.”