Speaking for myself, I haven't seen this before, but I think I follow the architecture and principle of operation.
Very interesting.
I bet the eddy currents can be managed by selecting grades of copper/brass with alloying tin or zinc or other elements, trading away some conductivity to make gains in tensile strength, allowing for "2-in-hand" winding of thinner sheet rather than full-thickness per turn.
Where the ends are soldered/welded together, the thickness is much greater than the single sheet thickness. It normally isn't a big deal with spools of wire, but with the way each hairpin was cut, there is a weld on every tab and there are a LOT of tabs. It's almost a continuous ring of tabs all around the inner and outer edge. That could pick up a lot of eddy-currents.
The model looks like an extrapolation (a rather long extrapolation) from a test unit to a commercial size. Given the scale factor is about 3 orders of magnitude, there are probably physical and mechanical scale issues that haven't been found. The model of the commercial generator looks too simple to be true.
The unit that they built and tested does look good.