I'm not well-read on the politics of the energy industry, but If this is actually the situation, then wonderful.In fact I think you would be majorly rich and not at all in need of investors, but in need of a big stick to fight them off with. The big oil companies are facing the end of their business, and even without that, what would entice them to not embrace a new clean, politically correct energy source, in favor of dirty, tricky, and investment-heavy oil? They would be scampering to get in on it, and in that contex, a few hundred million would be pocket money.
Then 2) would be the most viable option. I could think of a lot worse things to invest 200 million in, and a famous, respected name backing it does lend it credibility in a certain sense. I'd shell it out if I had it. I doubt a prominent career scientist is going to commit career suicide by dropping a bomb like this (no pun intended) without merit. If it does turn out to be the real thing, the offhand "Does anyone care?" will certainly go down as one of the more humorous events in human history.1: Apparantly not, otherwise he would say so, and probably patent the stuff.
2: In theory, yes.
3: He says it is not economical because it will not be competitive with existing energy. .. Which is perfect BS, because if it could produce at all, he would not have difficulty finding investors.
So, I think the inescapable conclusion is that whether he is sincere or not, he is much farther from being able to deliver than he claims.
Hans