Truth or Fiction? Too good to be true?

Whilst oil prices have reached $120 in the last week and the world worries about rising energy prices, along comes a simple technology that can create energy for free. Well, almost.

The EBM technology or Energy By Motion machine, is a 15 ton electro-magnetic generator that, once started, produces electricity under its own perpetual motion.

The current EBM 720 produces about 15Kw of energy from its location in Budapest, Hungary.

Whilst this is the biggest version, after 20 years of development, there are plans for a commercially-viable 100-ton unit to be produced.

Take a look at the following video of the EBM 720 and visit the Gamma Manager website.

One question: If this device is so darned good and produces free energy, why haven't they seen the light of day sooner?

Thanks to Green Optimistic for the story.