Rossi E-Cat nickel energy technology acquired by private equity firm

According to Amanda Jones Hoyle in “Confirmed: Raleigh’s Cherokee buys into controversial nuclear tech device

Executives at Cherokee Investment Partners in Raleigh have confirmed that its affiliate company, Industrial Heat LLC, has acquired the intellectual property and licensing rights to a nuclear device from Italy that some say could one day replace […] fossil fuels.

Based on another article from last year (in Chinese) there’s a good chance that much of the industrial development of this device will take place in Baoding, China, where it could help reduce the demand for coal.

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