Everything has it’s limitations. Yes this Microwave hot water heater is not “subject to the volatile natural gas market” but it is subject to the least reliable (I think) system in a neighborhood, namely the electrical grid.
I would argue that natural gas, cable, telephone, water, and even mail is delivered on a more consistent, efficient, and reliable system than electricity. Okay, cell service dwarfs the problems the electrical grid has but people don’t freeze when their cell phone doesn’t work.
All that aside this new idea for a water heater sounds long overdue.
I would buy one.
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blief 
A conventional water heater tank has a pressure relief valve that will release the pressure in the tank in the event that the water temperature exceeds the boiling point. If you would like to see what happens if a water tank explodes, check out the debris on Tiger Mountain, where a logging company steam engine exploded, spewing cast iron shrapnel throughout the forest.
I wonder what type of safety mechanism is built into the microwave water heater to prevent such explosions in case the water stops flowing and the water boils inside the faucet (or wherever the heating is happening).
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That comment about the steam explosion on Tiger Mountain was mine…Bop-op, not Lief. I’m posting this comment a bit more carefully, to see if it saves my correct identity.
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Sounds cool. If it’s appreciably more efficient and not too noisy I expect I’ll get one eventually.
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