Exhibit 23.2



                Consent of Independent Auditors
                                
                                
The Board of Directors
Energy Research Corporation:

We consent to incorporation by reference in the registration
statement on Form S-8 of Energy Research Corporation  of our report
dated December 16, 1994, relating to the consolidated statements of
income, changes in common shareholders' equity and cash flows for
the year then ended October 31, 1994 of Energy Research Corporation
and Subsidiaries, which report is included in the Annual Report of
Energy Research Corporation on Form 10-K for the year ended October
31, 1996.


/s/ Blum, Shapiro & Co., P.C.
______________________

Stamford, CT
January 22, 1997