I've heard of this before and, if you could get it to produce more energy than it consumes it would be revolutionary. Of course, the same thing can be said about fusion energy. I'm intrigued by the statement "TCP is more than 80% energy efficient". My best guess as to the meaning of that is that they get more than 80% of the energy out that they put in. So, I think I know their business plan: we lose a few dollars for every barrel of oil we produce and sell but we make it up in volume!
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