Wilhelm Reich invented the Theory of Orgone.

or·gone Pronunciation (ôrgn)
n.
A universal life force hypothesized by Wilhelm Reich, supposed to emanate from all organic material that purportedly can be captured with a boothlike device and used to restore psychological well-being.

Does anyone believe he was correct, he seems mentally unstable to me but his work still goes on today despite his death. Is there anything in it?

Sounds a bit like a rip-off of Chi.

qi: the circulating life energy that in Chinese philosophy is thought to be inherent in all things; in traditional Chinese medicine the balance of negative and positive forms in the body is believed to be essential for good health

See here:

http://skepdic.com/orgone.html