New Energy Corp.

http://www.new-energy.com

New Energy Partners, Limited Partnership is a venture capital fund that invests in revolutionary new energy technologies. These technologies create energy inexpensively and with no pollution. New Energy Partners was founded in 1997 by Daniel J. Cavicchio, Jr., a Greenwich, Connecticut resident and President of Greenwich Venture Partners, Inc., a Connecticut-based investment firm. What is the goal of New Energy Partners? New Energy Partners is a venture capital fund that supports the development of new energy technologies. The fund invests in companies that develop environmentally clean, low-cost energy cells based on a number of new technologies. What types of technologies does New Energy Partners support? New Energy Partners supports the development of revolutionary new, clean, low-cost approaches to energy generation. Unlike fossil fuels and nuclear power, which create pollutant by-products, new energy approaches generate little or no pollution, at a fraction of the input costs. There are three criteria by which New Energy Partners selects technologies to support: the technologies must be clean, inexpensive, and sustainable. Does New Energy Partners invest in solar, wind power, and fuel cells? Currently, no. New Energy Partners is supporting more revolutionary approaches to energy-generation. While wind and solar power are clean, sustainable methods of power generation, they require extensive investments in materials and produce relatively low outputs of power. What are these new energy technologies? New Energy Partners supports a variety of energy-generating approaches. One of the most widely- discussed is a technology called "New Hydrogen Energy," which essentially creates a reaction between hydrogen (often in the form of water) and heavy metals. Through a process of molecular-level interaction, significant amounts of energy in the form of heat are released. The reaction takes place under extremely controlled circumstances. How does this reaction work? The reaction that produces excessive amounts of heat appears to occur when hydrogen comes in close contact with certain types of metals. Water, which consists of hydrogen and oxygen, is often the source of the hydrogen. The reaction is typically initiated by an outside energy source, such as electricity, heat, ultrasound or infrared radiation. However, once the reaction gets going, the devices generate much more heat output, sometimes many multiples of the energy put in. A variety of metals have been found to work. What is not yet clear is whether the energy is coming from the metal, from the hydrogen, or both. Is "new hydrogen energy" the same as hydrogen fuel cells? No. Hydrogen fuel cells are an efficient way of converting the chemical energy in hydrogen directly into electricity without going through traditional cycles of using combustion to drive an electrical generator. Fuel cells are an efficient reaction, but still use basically chemical reaction techniques. New Hydrogen Energy is not a chemical reaction. It is a new form of a reaction either related to nuclear processes (though there is no radiation) or changes in the structure of the hydrogen atom. Are these approaches similar to the "cold fusion" experiments of the 1980's? The term "cold fusion" was a misnomer applied to some of the very early and crude work in new energy technologies. Because the early experiments could not be replicated, there was much criticism of the field. However, the experiments set the stage for a great amount of research and development into new hydrogen energy, which has since proved to be quite successful. Who is the Managing Partner of New Energy Partners? The Managing Partner is Daniel J. Cavicchio, Jr. What is Mr. Cavicchio's background? Daniel J. Cavicchio is President of Greenwich Venture Partners, Inc., a Greenwich-based venture capital firm. He has successfully turned around several technology-based companies, including a high-technology instruments firm. Mr. Cavicchio received a Ph.D. from the University of Michigan and an undergraduate degree from Rensselear Polytechnic Institute, where he graduated first in his class. He lives in Vermont with his wife, Brenda, and his two children, John and Keegan. How can New Energy Partners be contacted? New Energy Partners can be contacted by email: Daniel J. Cavicchio, Jr.

• 12/8/2013
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