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Is Cold Fusion The Positive 'Black Swan' That Reduces Energy Costs By 90 Percent?

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Italian scientists Andrea Rossi and Sergio Focardi of the University of Bologna recently announced that they have developed a cold fusion energy device capable of producing 12,400 W of heat power with an input of just 400 W. The device is called a nickel-hydrgoen fusion reactor and the scientists claim it is "well beyond the research phase."

What does this mean? From

"Rossi and Focardi say that, when the atomic nuclei of nickel and hydrogen are fused in their reactor, the reaction produces copper and a large amount of energy. The reactor uses less than 1 gram of hydrogen and starts with about 1,000 W of electricity, which is reduced to 400 W after a few minutes. Every minute, the reaction can convert 292 grams of 20°C water into dry steam at about 101°C. Since raising the temperature of water by 80°C and converting it to steam requires about 12,400 W of power, the experiment provides a power gain of 12,400/400 = 31. As for costs, the scientists estimate that electricity can be generated at a cost of less than 1 cent/kWh, which is significantly less than coal or natural gas plants."
The actual bottom line? Well, considering the average retail price of electricity to end-users is on the range of 8 to 20 cents per kilowatthour, the ability to produce electricity at a fraction of that price would be a significant step forward in reducing global energy costs, freeing up capital for investment and, yes, spending.

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