One thing about Defkalion makes me slightly uneasy. Large, high-stakes projects of this nature are sometimes abruptly canceled. Investors get cold feet. The market crashes and capital is suddenly unavailable. I believe T. Boone Pickens abruptly scaled back or canceled his plans for gigantic windfarms last year. A $367 million wind park was abruptly canceled in Wisconsin:
http://www.jsonline.com/business/118475704.html This is less likely to happen with Defkalion than the Pickens' Plan because Pickens was counting on regulations, subsidies for wind, and a growing energy market. The size of his investment was much larger. I think the risks were larger too, although I suppose most investors would disagree, since wind turbines are well understood but cold fusion is a mystery. Defkalion is trying to get alternative energy subsidies from the government but their plans do not depend on that. Their profit potential is enormous even without subsidies or regulations in their favor. I doubt these plans are a fantasy. Or wishful thinking. There are important people involved. The plans were announced in the mainstream Greek investment newspapers. They probably check sources to be sure the story is credible. But a business plan can always be changed or cancelled. I do not think that a market crash or a bad economy is likely to affect this project because the Greek economy is already in crisis. There may even be smart Greek money looking for a safe haven. During the Great Depression in the US there was a surprising amount of investment in burgeoning technology such as air conditioning, and especially labor saving technology such as dishwashers and data processing. There was nothing else to do with capital and people needed to reduce labor expenses. - Jed
