It has all the earmarks of perpetual motion. There is nothing that does not say perpetual motion. As Art would say, and said last weekend, 'send me a working model, even a toy, and if it does all that I will provide all the PR you will ever need.' Art has severely heavy funding sources, BTW, if anything like this proves out.
It sounds too good to be true. Of course they used to say that once we had nuclear power we wouldn't have to pay for electricity any more. That was a bit hopeful, of course. No one works for free,and there was still the matter of the transmission grid and its maintainance.
Still, I am curious, and that is reason enough to take a closer look and try to understand whatever invention it is that they say they have discovered.