Blacklight Power Raises Millions in Financing Round

It looks like the recent efforts of Randell Mills and Blacklight Power in reaching out to the public and putting on demonstrations of their technology have been successful from a financial standpoint, at least.

Posted on the BLP website today is the following statement:

“On July 31, 2014, BlackLight Power closed on $11 M in private equity financing that was oversubscribed by $1 M.”

Also, on the BLP web site is an interview conducted by Sterling Allan and John Maguire with Randell Mills. Mills reports that the company is getting closer to commercialization and expresses confidence that they have now have a technological solution using the Sun Cell system which uses photovoltaic conversion system.

He mentions that the Blacklight power team is made up of 20 employees, and they have recently added another engineer. He says that they want to license their technology to all types of businesses with energy needs, and will be using a model where they will give equipment to distributors and they will share revenue from energy sales.

I didn’t hear a projected date for when the first BLP systems will be available commecially, but Mills said again that they have an agreement in place for some kind of energy distribution in Canada.

  • aljobo
  • optiongeek

    May I ask what led to your change of heart?

  • Colophon

    Almost like a brief electrical arc, you mean…?

    • Mark Underwood

      No. If I recall correctly the 50,000 watts was in the form of a heat spike. Heat would be applied to a powder, a reaction would be initiated, and a huge spike of heat would be measured in the powder mixture. The amount of energy released could not be attributed to any known chemistry. But that was what, six years ago.

  • tlp

    http://www.blacklightpower.com/whats-new/
    8/13/14Blacklight vigorously disputes the allegations of fraud by certain anonymous Wikipedia editors, and has announced intentions to proceed legally against individuals and entities that assert these false allegations. To this end, it has recently filed a defamation action in New Jersey

  • GreenWin

    One of the more intriguing results of this SF-CIHT action is the apparent lack of spectral lines in the spectroscopy. This is more than curious. It is a rather significant clue. Mills tells us in a recent interview this is something scientists rarely if ever see. The emission of light is effectively ALL blackbody. This suggests the 1910 work of Planck and Nernst defining an electromagnetic blackbody spectrum including a Zero Point Field which manifests as a “uniform isotropic background radiation field that cannot be measured because of its homogeneity and isotropy.” 1.

    This concept was abandoned for 50 years but may be applicable to the SunCell’s incredibly dense light emission. Whatever the transition reaction of the H2->H1->H*n/137 (hydrino) — it is amplified by the electromagnetic arc to theoretically disrupt our relativistic (inertial) frame, for ~picoseconds. Like blowing a tiny hole in a blanket on a sunny day. The light behind the blanket comes flooding in for picoseconds until the hole collapses.

    This may be why Mills gets a very small pressure wave, 10% above atmosphere. The hydrino transition at these energy levels, “punch” short-lived holes in our relativistic frame.

    1. “Inertial Mass and the Quantum Vacuum Fields” Haisch, Rueda, Dobyns -2001

    • optiongeek

      You’re on the right track, but I’m afraid the blanket analogy is, er, all wet. The spectrum analysis is indeed interesting. Yes, the lack of specific peaks is important because it proves, contrary what many have said here, that it can’t be burning or other chemical reactions taking place. However, what’s truly unprecedented is the presence of ‘continuum’ radiation, i.e. radiation that is spans an entire range of frequencies. This is exactly what Mills’ theory predicts will happen as the hydrogen atom shrinks below ground state by releasing its energy to the catalyst (ie without photons at specific, characteristic frequencies). This radiation pattern only happens in high energy sources, not from chemistry.

      • GreenWin

        Grin. Thank you geek – a bit too much right brain fancy in that blanket. So, what remains a puzzle is why the transition radiation is not at a fixed frequency, but manifests as a continuum. Perhaps, like “tuning” an audio oscillator from above audible to sub-audible frequencies. This could be a result of the relativistic differential. At these lower energy pressures, electrons don’t jump between orbitals – they incrementally transition (at Mills’ n/137 – Haisch c/137) – generating continuum.

    • Sanjeev

      Scientists all over the world should be jumping on this like mad dogs by now, but strangely they are not. I’m talking about the spectra, its anomalous, it can give birth to new physics, new effects, new devices, noble prize etc etc. It has been verified by university level scientists, yet I see no response from scientific world. They are busy doing tiny improvisations in 500 year old physics, not touching anything new.

      • GreenWin

        Yes it is curious. As if this “world” is a carefully controlled compartment. Isolated, incapable of using relational data structure to create productive new collaborations. Waste of brain trust? Yup.

      • deleo77

        I think the main reason it is not is because the results were not published in a major scientific journal. But Nick Glumac is a known professor. As I understand it he has big DoD grants and has a well funded lab with state of the art equipment. Researchers talk and share their results. I have to imagine that he is speaking with other Professors at the University of Illinois and they are curious about his findings.

        • mike

          they published in nature mag. but they will ignore it as it threatens their funding I think.

          • GreenWin

            Haisch has published on coronal heating etc. in Nature. More germane is INERTIA AS A ZERO-POINT FIELD LORENTZ FORCE, B. Haisch, A. Rueda, and H.E. Puthoff, Phys. Rev. A, 49, 678 (1994). And recently on ArXiv in 2013. I think they’ve got something damned interesting.

  • michael hammer

    Er….Nope;
    may I add a couple of further points based on the data on the compnay website. This says the temperature reached is the same as the surface of the sun ie: 5500K. But what is the emissivity of water vapour or air at 5500K. I can tell you from personal experience, its really low. I routinely run a air/water vapour plasma at 5500K as well as nitrogen/water vapour. The emissivity is so low you can easily look at with unprotected eyes and indeed see right through it. The emission is so low its not easy to even detect with a silicon cell let alone producing power from it. If conduction and convection are blocked (by an air shear) you can put your hand 1cm from the 5500K plasma and feel absolutely nothing.

    Further, I also routinely use high current pulses to produce intense light flashes not in air or nitrogen but in Xenon and possibly Argon. Current pulses are up to 1000 amps and yes they produce very bright flashes in the mentioned gases. We have all seen similar situations – camera flashes! No nuclear reactions however.

    Lastly, they claim the fuel has an energy density 1000 times that of petrol. If so a lot of hydrino mass would be produced (think about how much petrol is used by a 1MW generating plant). How about a kg or so for analysis – that would really prove the system beyond doubt but I have not heard any mention of this waste product.

    This is all in addition to your relevant comments of course which I also agree with.

  • Alan DeAngelis

    Thanks

  • Asterix

    It would seem that several people were correct in surmising that the reason for the demonstration was that BLP needed money. But ever since Mills announced production plans in 2008 to culminate in delivery of working units in 12-18 months, I take pronouncements of “real soon now” with a grain of salt.

  • Alan DeAngelis

    Have nuclear reactions been ruled out?
    H(2) + O(16) > He(4) + N(14) 3.11 MeV
    H(2) + O(17) > He(4) + N(15) 9.80 MeV
    H(2) + O(18) > He(4) + N(16) 4.24 MeV

    Deuterium depleted water is commercially available. I wonder if the results would be different if deuterium depleted water were used.

    Or when the reaction that they usually run goes to completion, I wonder if it could be revived by spiking it with D2O.

  • Obvious

    I bet my home made Atomic Arc welder comes close.

  • Alan DeAngelis

    I really haven’t been following this closely. If it’s a chemical reaction there should be a lot of the reaction product to analyze. Has it been cooled to form a crystal for an x-ray analysis to see how it differs from normal solid metallic hydrogen? You’d think it would be a more densely packed lattice. X-ray crystallography could be used to determine the lengths of chemical bonds.

    • Alan DeAngelis

      After all that energy is released there should be an
      extremely stable produce that’s quite different chemically from the water that
      was there initially. It’s in such a deep energy well that it’s not going to
      revert back to plain old water. So, what is the stuff? How does this new
      chemical entity differ from water?

      • Alan DeAngelis

        ..stable PRODUCT…

    • Alan DeAngelis

      Do some cyclic voltammetry experiments on the reaction product and see if it’s different from water.

  • Job001

    Read his book and spectroscopic research. I have not seen any adequate rebuttal from his haters. The best haters explain his work as a clever cover meant to trick below average people. That argument is the “argumentum ad hominem” fallacy and thus not even right nor wrong but truly invalid.
    I neither believe nor disbelieve but make this point, someone who manages to tick off the entire egotistic science community has more going for them then first impressions warrant.
    Standard science has some serious unresolved issues, OTHERWISE we would not need to do research. We wisely spend billions on research of the UNKNOWN, which is bigger than small minded skeptopathetics can possibly imagine.

  • bachcole

    Right on comment.

    I would not say that “miracle worker or not” is a binary reality. There is an in between. I am speaking in general. I am not saying anything about Mills. I am saying something about thinking.

    Also, perhaps Mills is “under tremendous pressure to perform miracles” because he has lallygagged for 20 years and all of a sudden this short Italian guy comes along and blows past him.

  • Ophelia Rump

    His credibility is what it is. If people are willing to believe in Rossi with his checkered past, and those same people disbelieve Mills, the problem belongs to Mills, not the people.

  • Stefan Israelsson Tampe

    I can take 100kW of that box as a success as well, that is their target atm. Then when they try to increase the power they could very well hit limits with cooling, so what, it’s still a sucess, they just make the box large to get the heat out properly, as a scientist you seam to be very academic.

    On the other hand I bet you are a clever guy, can you show some example of what you consider pseudoscience, Mills own theory? If so then
    head down to his calculation of the g-factor with 11 correct digits, go backwards and try to find his error, clue there is none. A true scientist would not call Mills theory pseudoscience after that exercise if no tricks is found.

  • Ophelia Rump

    Perhaps they are under pressure because of statements like this.

    “The company has successfully developed a prototype power system generating 50,000 watts of thermal power on demand.”

    Their videos look like an arc welder, which happens to be a fair description of the mechanism.

  • Barry8

    A red flag with Mills is he gets on a roll and jabbers on and on. He is brilliant, but he seems High on the Einstein and low on the Edison approach.

  • Obvious

    I’ve helped spend millions of dollars of investor money over the past 15 years (not alternate energy related), and although we often got decent results, most of that never generated a profit. That’s often the way it goes. We did generate some substantial tax losses, which for many of the investors, was almost as good as a return.

  • jousterusa

    A lot of the respondents here sounds just like the skeptopaths who doubt the E-Cat. If there have been inconsistencies and shortcomings in Randell Mills’ public statements in the past, they compare well to the ever-shifting date of the publication of the third independent party test and some other of Rossi’s claims. I don;t doubt the sincerity, fundamental truthfulness or motives of either man. They are under tremendous pressure to perform miracles, and I am sure that is not the best environment for miracles to occur.

    • Barry8

      There is a difference between Rossi and Mills. Mills has been making the same claims for twenty years. To take him at is word at this point makes me feel gullible. Rossi is not asking for independent investors for $ to the tune of 60 mil, but has found a company who finances him. And as far as third party testing Rossi states “could be positive, could be negative”. But the greatest verification will be as Rossi stated, “Let the maket decide”. Mills on the other hand has lost his credibility.

    • Ophelia Rump

      Do not confuse selective skepticism with pathology. Some of us are willing to believe in some things, just not any and everything. The opposite of skepto-path is gullible fool.
      Neither one is a mark of distinction.

      • Job001

        Opposite of believers(i.e. skepto-pathetics and gullible fools) are successful statistical scientists and investors.

  • Ophelia Rump

    “The company has successfully developed a prototype power system generating 50,000 watts of thermal power on demand.”

    Is there a film of the 50,000 watt prototype system generating that much power on demand?

    It is not Schrodinger’s statement, it cannot be both true and false at the same time.

    They either have a working 50,000 watt electrical generation system, or they do not.

    • Anon2012_2014

      It is 50K watts for 1 mS, i.e. 50 watt seconds. Oh boy.

  • Sanjeev

    Looks like you did not read the slides yet and you are imagining these “problems” in your mind. I highly recommend reading it, especially the specifications part (of the current device, not of the future one – it does not exist).

    Whether it works or not, no one knows, but the plan looks ok to me, its feasible assuming that the basic principle works. Mills has so far taken many millions from investors and produced nothing at all, but the strange thing is not even one of those investors is complaining, they seem to be happy with their investment.

    If these 11m$ also do not produce any visible product, I won’t be surprised, but I’m sure that those who invested did not do so on faith. In today’s world one can hire a team of engineers and scientists easily (or use their own employees) and get a quick and dirty validation done to rule out any trickery. I would do so if I had a million to invest in any unknown tech, I would first spend at least 10K in validations.

    Its strange that in last 20 years no one has sued BLP, no one came out with a proof of fraud or tricks or measurement error. Not even one investor complained. This makes you sit firmly on the fence. If the investors are happy, who are we to judge.

  • DMA

    maybe the heat generator didn’t make it in the engineering phase2008 wasn’t a great time for venture capital. Look at the video especially the authenticators part, check the patents—don’t assume past failures were due to dishonesty–evaluate the evidence you can find. I have been impressed when I have done these steps and think the chances of this being the real think are better than even.

    • deleo77

      I agree, if you really want to learn about BLP you have to watch the demonstration videos multiple times – ideally with a good set of headphones. You have to read the papers and the slides on their site to understand the science. I am not a scientist, but I spent a lot of time doing all of this before I got it. They have had multiple independent replications from different labs. Some of the scientists who have done replication work for them are at the top of their respective fields. All of the criticisms I have seen on this forum and others have been addressed by Mills. He knows these criticisms better than anyone and has thought about them and hashed them out.

      What company in the exotic energy space is a slam dunk? Not BLP, not IH. But smart people have done major due diligence and have invested. The private equity putting millions into BLP have done a ton of due diligence. If BLP has a working prototype in the field in six months and they do an IPO, I’m I buying that stock.

  • LilyLover

    He’s not an impressive talker. His theory, predictions based thereupon and his product are impressive. That fetches money.

  • GreenWin

    You sound so bitter. Is it that someone other than you is successful? Or that they did not do it through orthodox science?

  • GreenWin

    Wouldn’t it be a “hoot” if these two guys were on the same team… somehow. Maybe by non-local EPR entanglement?

  • GreenWin

    Many LENR theories center around a lower ground state of Protium. Storms suggests the anomalous energy appears in Nuclear Active areas like tiny cracks in a metal lattice. Ahern insists nano-powders must be <50nm to produce excess energy. These NAEs may play a part in DGT theory, W-L theory and Mills' early (experiments with raney nickel) hydrino theory.

    In another theory, stochastic electrodynamics (SED) interpretation of the hydrogen atom, the ground state is interpreted as effectively equivalent to a classically orbiting electron whose velocity is c/137. University of Colorado and inventors Haisch & Moddel use SED as the basis of their patent on "Quantum vacuum energy extraction," Protium's electron transitions to a lower than ground state in tiny Casimir cavities — due to lower energy density in the cavity.

    Mills' is well known in high tech VC circles populated by hard-nosed investors whose business is technical due diligence. This round was oversubscribed so it appears investor lights have turned green at Blacklight Power.

  • DMA

    The demonstration video has presentations by 3 authenticators, Two from universities and one from ARA a large engineering/testing firm. I found their testimony very convincing as I doubt they could be shills. Googling them confirms their statements of professional status.

    • bachcole

      Seems like excellent authentication with terrible demos. Reminds me of the hundreds of BigFoot sightings but no bones. Only in this case we do have some bones, like maybe a finger bone or two. {No, I am NOT a BigFoot disbeliever, and I am not putting Mills and BLP down. I am merely making an epistemological parallel. Since starting to follow Rossi in October 2011, I feel like I deserve a PhD in epistemology. (:->) }

  • DMA

    The timeline stated at the demonstration was 16 to 18 weeks, so before Christmas for field testable 100 KW units

  • Obvious

    A sincere congratulations to Mr. Mills and BLP. Obviously they have something that is interesting enough to some well-heeled folks. Lets hope they use that cash effectively.

  • optiongeek

    Another interesting fact is that Mills has mentioned that the share price was $12,000. We don’t know how many shares have been floated but most startup companies generally, at a minimum, issue 1M sshares; 5M or even 10M is more common. But even at 100k float, that would put the valuation at over $1B.

  • Jonnyb

    Seems BLP are able to raise money more easily than most, surprising as I would put my money with Santilli or Rossi if they would let me and if I had any. Also Jet etc. all seem a better bet in my opinion.

    • Daniel Maris

      Surprising if true, indeed.