As reports come in that a run on Greek banks has begun, and the EU continues to waffle and hedge about what to do about the “Greek Problem,” it should give us pause as to the ultimate fate of Defkalion Green Technologies. Economic and political stability are important to the ultimate success of any new business, and this would be especially true as it regards a totally new technology that has the potential to change the geopolitical and geoeconomic landscape of the entire planet. Yet, it is in the midst of political and economic chaos that Defkalion finds itself. Even if Defkalion does have a commercially viable “cold fusion” reactor, the chances of it ever making its way out of the chaos engulfing Greece seems less and less likely as the situation in that country continues to deteriorate. One has ask themselves how the company is going to operate in a country where even the currency by which business operates is in question. In addition, Greece may soon be engulfed in social unrest, as well as essential commodity shortages such food and oil, in addition to shortages in other, less important commodities that DGT will need to continue with construction of its facilities and production of the Hyperion itself in terms of raw materials, etc. One can imagine that these are concerns of current and potential future investors as well.
This weekend G8 leaders are gathered at Camp David, Maryland, USA, and the ongoing Greek crisis has apparently been at the center of the discussions. Public statements indicate that Western industrialized nations are committed to supporting the Greeks and ensuring that they remain in the EU, thus stabilizing the situation at least in the near term. But privately, there are different stories leaking out. Business network CNBC reported this morning that it’s such a foregone conclusion that Greece will be forced to return to the Drachma, that bookies in the UK (who will accept bets on anything) are no longer taking bets that Greece leaves the Euro. Other reports suggest that German Chancellor Angela Merkel has privately pressured Greek leadership to hold a referendum on whether or not to leave the Euro and the EU. The bottom line…who really knows what is going on in Greece right now and the situation can only be described as “fluid.” Again, this is hardly the environment to develop and implement an entirely new technology.
Aside from the question of whether Defkalion can launch a revolutionary, game-changing technology in such a chaotic environment, the questions remains whether it would be able to from a purely technical standpoint. While early reports indicated that independent testing was “very positive,” more recent reports suggest that perhaps not so much. Sterling Allen of PESN recently reported that there are still stability issues with the Hyperion, which is something that was also reported to me recently by a very reliable source with knowledge of the situation. This has apparently delayed the debut of the Hyperion prototype until at least August, at which time I can imagine the instability in Greece will be even worse.
Even further delays may come as the result of international political rivalries. Several foreign governments, including those from the United States and the China, among others, are rumored to have been involved in the independent testing. If the Hyperion is anywhere near to being commercially viable, one has to wonder what kind of posturing is going on behind the scenes in terms of access to the technology. If there is doubt about the ability of the Greeks to continue to develop the technology in a climate of chaos, will there be a bidding war for exclusive rights to manufacture the technology overseas based on plans provided by Defkalion? Defkalion has publicly stated it will not attempt to market or manufacture its version of the technology in the US, but involvement by the US military may change minds and allegiances, especially if the Hyperion proves to be more robust, reliable and market-ready than the e-Cat. There is evidence that the US Military is already involved in procurement of the e-Cat, the case for which I laid out in a previous article, The e-Cat and the US Navy. Given what is at stake if the technology proves to be viable, I am sure the US will have no problem buying into (and perhaps buying out) both the Hyperion and the e-Cat. Of course, they may have to do so with money borrowed from the Chinese, and this raises a whole other set of issues and complications. The Chinese have the money but the US still holds the advantage in terms of being the world’s only Superpower.
In The e-Cat and the US Navy, I pointed out the figure of Michael Melich. Heis on the board of advisors of Andrea’s Rossi Journal of Nuclear Physics, listed as a representative of the US Department of Defense (DoD). Dr. Melich is a senior scientific advisor to the Pentagon, the U.S. Naval Research Laboratory, a professorat the Naval Postgraduate School and chief scientist at PHLburg Technologies, a company by its own description that “represents inventors by identifying and then obtaining the exclusive economic rights to their advanced novel technology, by securing intellectual property protection for the technology, and then by commercially exploiting the technology.”
In pictures released by Defkalion recently, an astute blogger noted Melich’s name associated with some of the pictures, along with the name of fellow Naval Research Lab professor and researcher Dr. David Nagel. The names were removed a day later when this fact made its way around the blogosphere. There is not a lot of information available about Michael Melich on the Internet, and most of what is available comes from the New Energy Times. In an article posted on January 31, 2011, a quite extensive background on Melich was given. According to the article, when asked at one point what his interest in cold fusion, Melich replied “I’m doing this on behalf of our country and to make sure that the interests of the U.S. are protected.”
I strongly encourage all readers to review this article, not only for further background on Michael Melich, but also for some rather startling assertions made against other researchers in the field, including an accusation that Dr. Michael McKubre of SRI once threatened Krivit and the local police were called in to investigate.
Other highlights and assertions were:
Melich’s father was influential in the uranium mining business beginning the 1950s (I don’t know if that fact is relevant, but it is interesting).
Melich has been involved with cold fusion since 1989. He was a member of a body formed in 1989 by the State of Utah, the Fusion Energy Advisory Council, in an attempt to exploit the possibilities of the P&F discovery.
Later Melich was closely associated with a company called ENECO, who obtained the rights to a number of cold fusion patents, including the original patents of P&F held by the University of Utah.
Melich has been instrumental in obtaining some funding for cold fusion research for entities associated with the US military.
Melich is known to, respected and perhaps even feared by many in the cold fusion community, even those in Russia. He has allegedly has been instrumental in obtaining or denying visas for cold fusion researchers seeking to enter the US.
Melich has been involved with personnel at the Naval Research Laboratory to DISCREDIT some cold fusion/LENR research, including that done by SPAWAR.
Melich has been involved in efforts to manipulate media reporting of cold fusion/LENR research.
Melich has been involved with LENR research being done at the University of Missouri.
I must caution readers to consider the source of this information and take it for what it is worth. Some of the accusations are rather startling but, even if not all are entirely accurate, they do paint a picture of Melich as being very involved in cold fusion research since its entry into the public consciousness in 1989, including perhaps now with Defkalion Green Technologies.
To be perfectly frank, I have been quietly rooting for Defkalion since the split with Rossi in August of 2011, as their stated business model has always been more focused on smaller units for the consumer market, as opposed to industrial units that Rossi seems to have been fixated on since day one. This difference in philosophy was felt to be one of the reasons for the dissolution of the partnership between the two parties. At the time of the split, Defkalion spoke of Rossi succumbing to “external pressures.” Unfortunately, it now seems that Defkalion may be succumb to external pressures, both in terms of the turmoil surrounding Greece and quite possibility the same military entities Rossi succumbed to.