|Then why did you say you are worried it will? (Score: 1)|
by chipotle_pickle on Tuesday, November 04, 2003 @ 13:22:42 EST
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|You just said you were worried that an investigation of these businesses would cause them to fail. Can you try to keep your story straight from one day to the next?|
The idea that anybody would retrofit their cars with a H2 conversion kit is just plain stupid. Gasoline costs 5 cents per mile (plus tax). To change out the engine and fuel system of a car would cost more than $10k, even if HICEF's were free and worked (LOL). That's 200k miles worth of gasoline. I am not going to want to drive my car for more than 200k more miles. There is no way to make the NPV work out for that.
Of course, the Edison Device is not much better. Even if the Edison Device worked as advertised (which it doesn't) and cost $3k (which it can't) that plus a 7kW inverter, a battery backup system, and installation will cost about 5X that much. That's more than 10X a typical annual electric bill. That's a long payback period.
Even if the technology were for real, you guys haven't pencilled out sensible business cases for the products you've announced. Even if you had, you have not acted in a straightforward manner with your investors (ever changing story), the public (what investors?), or the government (behind on taxes for a start). And, as you must be aware by now, the technology doesn't work as advertised. "Free" electricity from the Edison Device will end up costing over a dollar per kWh just in "catalyst", making this a poor choice even for someone off-grid who has to pay for an inverter and battery backup anyway, but who has the choice of a much more economical diesel generator.