The story of Blacklight Power is a startling case demonstrating how Cleantech investors can go seriously astray. The founder, Randell L. Mills, claimed in 1991 to have refuted quantum mechanics and developed a new energy source relying on previously unknown “hydrinos,” and received tens of millions of dollars in investment despite widespread skepticism. He himself said, “It's a revolution very fitting to the 21st century, in a chain of revolutions man has had with fire, steel, fossil fuels, and Maxwell's description of electromagnetism. This is grandiose stuff…”
Source Forbes - Business http://ift.tt/1SQavl0
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