Cold fusion earned?

News appeared on cnews "Cold thermonuclear earned?" , Which reported that Italian physicists managed to create a reactor on cold thermonuclear fusion.

If we analyze the information from the forum and from other sources, we get the following:
Installation exists. And it seems to even work.
The size of the unit is 0.5 x 0.5 x 1.0 meters.
Power consumption - only 400 kWh / h.
Power output - 15.000 kWh / h.
Fuel consumption - 0.1 g of nickel and 0.01 g of hydrogen per 10 kWh / h
One kilogram of nickel - enough for continuous production of 10 kW for 14 months.
The period of commercialization is determined - no more than 1 year.
Signed contracts in the US and in Europe.
Mass production should begin in 2-3 years.

According to the authors, they themselves do not understand how this works, but not later than January 13, 2011, the patent application was filed “Method that other scientists were able to repeat their experiment, using data from a patent application.

The demonstration began on the site www.journal-of-nuclear-physics.com (links to YouTube):
www.youtube.com/watch?v=z-0WvK2b7dU
www.youtube.com/watch?v=u-Ru1eAymvE
www.youtube.com/watch?v=dmHZrhTQhUc
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Unfortunately, all the videos are in Italian, so we ask the knowledgeable language to briefly describe the essence of the above.

Well, if this is all true, then the time is coming for cheap energy and the depreciation of oil?

Upd: Translation of the first video.
Upd2: Translation of the second video. Thanks YasonBy
Upd3: Does Petrik look through in Russia ?