Tom Darden, CEO of Cherokee Investment Partners and Chairman of Industrial Heat, LLC was present at the opening ceremony held on April 16, 2014. Industrial Heat, LLC is the company that acquired the rights to Andrea Rossi’s purported low energy nuclear reaction (LENR) technology, the Energy Catalyzer (E-Cat).
Darden apparently reported research findings at the meeting, that “final report of the pilot phase of the nickel reaction showed low temperature reaction of nickel is currently the lowest cost power generation technology and abundant raw material resources, alternative energy technologies.”
China has been in the news recently as poising itself to be an innovator in the alternative energy sector. As part of a policy shift, the Chinese government is implementing carbon trading, capping energy consumption, resource taxes, new emissions controls and regional coal consumption caps.
In possibly unrelated news, the commodity price of nickel has surged this year with prices rising more than 30% after Indonesia banned the export of nickel ore in January. Buyers in China have been scrambling to secure material for their processing plants, as speculators have rushed in to the market.