Let's for a second, assume it works, I don't think it does but go with it. NYC practically runs on as much steam as electricity. Having this thing supply the steam needs for NYC would free up a large amount of electrical energy, (actually, they'd just open the flood gates and bypass the turbines) but there are a lot of uses for steam in a stationary environment besides electricity.
As we back entirely out of supplemental heat from lighting systems (with ever more efficient fluorescent and LED lighting systems), the demand for supplemental heating systems will be HUGE
Even if all it can do is supply heat at around 212F, it would be very useful in generating heat in the winter and hot water all year.
Sure, and if Rossi’s units produced an endless supply of ham sandwiches, NYC could eat for free. Unfortunately, E-Cats produce neither steam nor ham sandwiches...