As we ponder the fate of LENR and the seemingly imminent moment when someone reaches a breakthrough that makes mainstream news, Huw Price, Bertrand Russell Professor of Philosophy at the Trinity College at the University of Cambridge has written an article entitled “Is The Cold Fusion Egg About to Hatch”? It is a good summary of where we are at and what might happen next.
The relationship between the investors at Industrial Heat LLC and Andrea Rossi’s Leonardo Corporation at times seem both transparent and murky.  There is apparent evidence of several Industrial Heat entities being formed in the U.S., England and China.  There is also evidence of Leonardo Corporation mobilizing in certain areas, most notably prototype work being done on second generation E-Cats called an E-CatX and “Quark.” The following statement really only re-emphasizes there are more rumors than facts available to us.
Statement of Industrial Heat Regarding LENR Industry Developments
March 10, 2016
Industrial Heat’s objective is to make clean, safe and affordable energy available everywhere, and in doing this we want to build a company that demonstrates respect for all. LENR is a key focus of Industrial Heat and we believe multiple technologies in this sector warrant further investigation and development.
Industrial Heat has licensed, acquired or invested in several LENR technologies from around the world. We have developed a group of LENR thought leaders, and we have built a world-class engineering team. We are pleased with the technologies we have assembled and with the group of scientists and engineers working on them. Presently, the Industrial Heat team is in the midst of assessing and prioritizing the technologies in our portfolio.
Our operating philosophy is to foster scientific and engineering rigor in the development of LENR. We will thoroughly assess data derived from sound experiments which we design, control and monitor.
Embracing failure as well as success is important, because we learn from both. Unfortunately, there is a long and continuing pattern of premature proclamations in the LENR sector.
Because of this, we encourage open-minded skepticism. We believe society suffers when technological advances and innovative experimentation are stifled; likewise, society and the industry suffer when results are promoted and claims are made without rigorous verification and precise measurement.
We value credibility through sound LENR research. That’s why any claims made about technologies in our portfolio should only be relied upon if affirmed by Industrial Heat and backed by reputable third parties who have verified our results in repeated experiments.
Our portfolio of work has never been stronger and we remain excited about the potential we see. This optimism is grounded in more than just hope, yet a great deal of work remains. The energy challenges of today must be met with viable, clean, safe and affordable solutions.