Steorn remains dead, but another company called Inductance Energy has taken up their mantle. The similarities are many: a small company founded by an eccentric engineer creates a magnet motor, launches a slick website, and stages a live online demo. The biggest difference so far is that IE’s demo Earth Engine is successfully spinning. The website doesn’t offer […]
Many thanks to guest writer Aidan Sullivan for the following update. With the liquidation of Steorn coming to an end, it seems that bits of the Steorn technology are to live on in three, if not four, succeeding ventures. The first of these is Hephaheat, spun out of Steorn some years before Steorn collapsed. It seems […]
Thanks to Aiden Sullivan for pointing out that Steorn’s assets are now up up for auction, here. Compared with the rooms full of scopes and testing equipment that have featured in Steorn’s videos, there are relatively few items for sale. Sixteen of the 26 available lots are comprised of engineering/testing equipment. There are seven lots […]
A couple of recent articles in the Irish press have some details about the ongoing carving up of Steorn. The first, an article from the Feb 26th issue of the Irish Times, reveals that Steorn’s liquidation is to be handled by David Van Dessel (pictured above) of the accounting firm Deloitte. The second, from the […]
Steorn introduced its HephaHeat water heating technology back in 2011, and spun it off to a new company, also called HephaHeat, two years ago. Now HephaHeat has outlived Steorn, but its recent boardroom shuffle and fundraising difficulties don’t appear to bode well for its own future. According to an article published this week in Ireland’s […]
With Steorn’s assets set to be liquidated, but no sign of any public information about the liquidation schedule or process, it remains an open question whether the Steorn offices have yet been cleared out and what has become of the company’s property. Longtime reader and Dublin correspondent Aidan Sullivan sought to address these questions by […]
Ten years after introducing itself to the world with an ad in the economist that claimed they’d discovered a way to defy the laws of physics and provide unlimited free energy, Steorn has announced that they’ve laid off their staff, and are liquidating their assets and winding up the company. This was reported in today’s […]
After a long social media silence that began when the Orbo product launch went awry back in February, former Steorn CEO Shaun McCarthy has re-emerged with a vengeance. In the past 24 hours he’s been posting prolifically to his Facebook page, his Twitter account @orbomantweets, and a new blog he’s launched titled orboman. His posts […]
Earlier this week I received the following response from Steorn to an inquiry about the status of my OCube order: Apologies again for the ongoing delay. Unfortunately we are not in a position to provide a definitive shipping date, the cells are still spiking and causing electronic failures which the guys are working hard to […]
The Irish Sunday Business Post published an article about Steorn yesterday. It’s behind a paywall, so I’ll summarize it here. The short version is: it doesn’t look good. According to the article, Steorn, which has raised 23 million euros from private investors so far, has told its shareholders that it is “out of cash and […]
