Flutterby™! : Ratepayers lose $13M to idiocy

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Ratepayers lose $13M to idiocy

2019-11-01 19:21:50.381659+00 by Dan Lyke 0 comments

Joi Scientific technology NB Power poured millions into doesn't work

One of the company's patents claims it can generate hydrogen at 200 per cent efficiency. For one watt of input energy, the patent says two watts of energy in the form of hydrogen gas are produced.

There's a MeFi thread which points to all the warning signs, but one of the recurring ads on Facebook is some Wall Street Journal pitching a magnets perpetual motion machine thing.

On the other hand, the CEO of New Brunswick Power was on the board of Joi Scientific, so this may have just been a bog-standard case of money-laundering.

[ related topics: Intellectual Property Invention and Design Law Current Events Work, productivity and environment Currency Economics ]

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