Free-energy company Steorn to tap up investors again
Company has replaced founder Shaun McCarthy as chief executive
Steorn, the physics-defying free-energy company which has raised more than €23 million since it was founded, has told investors it is out of cash and facing wind-up unless it raises yet more money.
Steorn met global ridicule in 2007 when it failed spectacularly in its efforts to overturn the fundamental laws of thermodynamics in a public demonstration in London.
Last month, in a letter to shareholders, it told investors that it would be ...