Report: Gates Foundation Close to a $1 Billion Agreement to Fund ENEA for Fusion Research [Update: Human Translation into English]

Thanks to Giuliano Bettini for posting a link to this story today.

An article published on the Italian news site L’Arena reports that Microsoft founder Bill Gates is close to an agreement to provide funding to the Italian technology research agency ENEA following his visit to ENEA’s research laboratories in Frascati, Italy last week.

According to this article (as best as I can understand from Bing and Google translations, The Bill and Melinda Gates Foundation will provide $1 billion in funding ENEA and its scientists for research into fusion.

Commissioner of ENEA Frederico Testa told L’Arena that the Gates Foundation “is considering financing some projects of ENEA, and our researchers, who are working with outstanding results worldwide, managed to arouse the interest the chief economist of the Foundation, the physics professor Lowell Wood, a close associate of Gates.”

We do know from earlier reports that cold fusion was discussed at the meeting with Gates at ENEA, but it’s not clear from this article whether this funding will be used specifically for ‘cold’ fusion — ENEA’s involvement in ITER (a hot fusion project) is mentioned by Testa.

UPDATE:

Below is a human translation kindly provided by an Italian reader of E-Cat World:

>
“His foundation is considering in supporting some of our projects” said the commissioner Testa.
Bill Gate’s foundation will invest in some of ENEA’s thermonuclear fusion projects. Much is due to the efforts of ENEA’s Commissioner, the Veronese Federico Testa, who last Wednesday toured Microsoft Corporation’s founder around the research centre of Frascati.

“Bill Gates arrived Wednesday and he paid us a visit, at our ENEA’s Frascati premises for about 3.5 hours” confirmed Federico Testa to this press. “A visit to get an understanding of how our laboratories work, and to witness first hand and asses some of our experiments”, confirmed the commissioner, a professor of economics and business management at the University of Verona.

Asked about the reason of Gate’s visit Testa replied; “His foundation”, referring to the Bill & Melinda Gates Foundation, ‘’is evaluating in financing some of ENEA’s projects and researchers, working with outstanding results of worldwide importance, they managed to bring their work to the attention of the Foundation’s economical officer, the Professor of Physics Lowell wood, close associate of Gates.”

The foundation created in the January 2000 by Bill Gates and his wife Melinda French, has as its director William H. Gates Senior, Bill Gate’s father and by Patty Stonesifer , an ex American- delegation member to the UN, worth 38 billion dollars, is considered as the world’s major foundation actively involved in medical research, AIDS and Malaria.

“We have reached a statement of understanding” continued Testa, “to identify practical collaboration steps. The foundation will invest about 1 billion dollars in research. ENEA has all the technical and human characteristics to be successful in this venture: if we manage to get this money it will be not only to my satisfaction, as a commissioner, but also for the government. ENEA is the Italian leader in an international project regarding cold and hot fusion, call ITER. From this project ENEA is a 13% share holder, and with this share, it managed to get to Italy the 65% of funds reserved to it, that is 987 million euro. With all this money, many Italian industries have, and are still working. If the agreement with Bill Gates is reached, it can change Italy’s faith, concluded ENEA’s Veronese number one.

  • Bernie777

    I thought we had that discussion and you agreed there is no correlation between the science in LENR and the science in AGW, comparing the two is meaningless. Have you changed your mind? As for the “petition” you sent, all you have to do is Google it and you will find it totally discredited.

  • Bernie777

    No, the Petition site you sent me is “the big fat lie”. (:

    • bachcole

      Aside from the fact that is disagrees with you, could you please explain why it is a lie and why your 20% is not a lie?

      Oh, and before I forget, this argument is completely irrelevant now that LENR++ is proven. We are just like a bunch of rams trying to prove who is the most powerful, when all of the females are absent.

  • JedRothwell

    Dr. Woods has attended many ICCF conferences. He is well versed in this field.

  • jousterusa

    I jjust had a conversation with a press person at the Gates Foundaton (Lydia Walker, (206) 709-3100), and have some good and some bad news. The bad news first: The Gates Foundation does not and will not have any role in providing money for cold fusion research. The good news: What may be contemplated is a personal investment from Mr. Gates. Just re-state this: the Gates Foundation is not involved at all in this issue, and calls the headline incorrect.. I am awaiting word on the investment issue from his personal office, whuch may or may not respond to my inquiry (I imagine this kind of investment would not be revealed until it is made, if it ever is; this doesn’t mean that an investment is any less likely; Mr Gates has a longstanding interest in the topic).

    • Daniel Maris

      Well done you newshound! Thanks v. much for shedding some light on this.

    • ecatworld

      Thanks very much, Joe — very enlightening. So it could be a personal interest by BG.

  • bitplayer

    Thanks much for this clarification. Google translate by itself gives:

    “The Foundation is funding every year , with about $ 1 billion , the research “.

    There’s no semantic meaning within the passage indicating any plan to give ENEA any amount of money.

  • http://renewable.50webs.com/ Christopher Calder

    My position is that all energy subsidies should be abolished, not just those for renewable energy schemes. People complain about the pollution of fossil fuels, but right now they are keeping us all alive. Without oil we would quickly starve to death, not just you, but your children and your dogs. You have to look at the cost-benefit ratio. How much do you value your life? If you are dead and pollution free, is that a good trade-off?

  • Chris the 2nd

    Interesting, Mats Lewan on Twitter has stated that Bill Gates bought a copy of An Impossible Invention on the 30th of March

    Mats [email protected]
    Did I mention that Gates got my book ‘An Impossible Invention’ when in Stockholm, March 30? Maybe he read it. http://www.e-catworld.com/2014/11/16/report-gates-foundation-close-to-a-1-billion-agreement-fund-enea-for-fusion-research/ … #LENR

  • Jimr

    I totally agree. When I first read this a couple days ago, I knew it had to be incorrect. If Gates has committed a few million into the project, he is maybe having second thoughts about it being publicized so early in the game. I feel it was a mistake to make this public in the first place.

    • Jimr

      This was in responce to PG, sorry.

  • pg

    Hi Frank, In my opinion it would be better to cancel the words 1Billion form the title.
    It is simply not what has been said by the ENEA CEO. What was said is that, the foundation invests 1 billion dollars a year in research, and not that the foundation will finance ENEA with 1 billion dollars.

  • Sanjeev
    • artefact

      “Since 2002, Siliconrepublic has embraced its mission to be Ireland’s No 1
      resource for technology news. Today it is read by over 250,000 people
      each month (unique visitors, Google Analytics, October, 2012)” Not bad.

      • ecatworld

        Thanks, artefact. Much bigger audience than ECW 🙂

  • Bruce Williams

    There has been a lot of confusion over this point : the Gates foundation invest 1B$ each year in research, that does NOT mean that they are going to invest 1B$ in LENR only !The sum they will invest, and with whom, has yet to be decided.

    • Daniel Maris

      But they might invest a billion over a number of years? That’s not impossible is it?

  • Freethinker

    All this is without doubt very very enticing and exciting, but I will not celebrate the fortune of LENR until I see the statement on this web page http://www.gatesfoundation.org/Media-Center/Press-Releases

  • blanco69

    We know now that Gates is aware of Rossi. There’s no way Gates would be talking to Enea without firstly getting an understanding of the LENR situation in general. I sent the Gates foundation everything I had on Rossi back in 2011. What’s interesting is that Gates is thinking about Enea as the best fit for his billion bucks and not one of the more favoured horses in the race. My guess is that he’s shooting directly for power generation and hoping to bypass the ‘hot water’ phase.

    • Ophelia Rump

      How would you generate power without going through a steam phase?

      • blanco69

        Sorry OR, what I meant was that Rossi’s next step is to provide heat for his secret customer using over 100 ecats and 100 plus computers….??? I’m positive that, if he had the COP and contol to provide the required input for a turbine, then he’d be going for that as a star prize. Efficient power production has to be the goal. Who needs cheap industrial heat when power is almost free?

    • Bernie777

      You are probably right, he wants most effective research outcomes that is probably not Rossi and IH.