Energy News Stories

Excerpts of Key Energy News Stories in Major Media

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Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

MIT researchers say they have discovered a way to use solar energy cheaply even after the sun goes down, which could make it a mainstream source of power within the next decade. Solar energy has been expensive and inefficient to use after dark, said Daniel Nocera, 51, the Henry Dreyfus professor of energy and professor of chemistry at MIT. But in an article published in the July 31 issue of the journal Science, Nocera and other Massachusetts Institute of Technology researchers say they have found a simple, inexpensive process for storing solar energy. "How the heck are you going to build an economy or a business only if the sun is shining?" said Nocera, the senior author. "What you really need to do is when the sun is shining, figure out how to store some of that energy so you can unleash it when the sun isn't shining." Nocera and the other researchers based their work on a compound made from cobalt and phosphate, both readily available. When the sun is out, electricity from solar panels can be fed to the compound in water, causing the water to split into hydrogen and oxygen. The elements create a chemical fuel that can be recombined to create energy later, when the sun is not shining. The discovery breaks "the connection between energy and fossil fuels because my energy is coming from water," said Nocera, "unleashing the solar energy, not in real time, but when you want to." The researchers said the findings open the door for large-scale use of solar energy around the clock - not right away but within 10 years.

Note: For a treasure trove of reports on new energy inventions with great potential, click here.

Exxon Mobil Corp. jumped into the political fray Thursday as its $11.7 billion record quarterly earnings — and $8 billion in share buybacks — raised hackles in Washington. "They tell us they want to do more domestic production," said Sen. Charles Schumer, D-N.Y. "They tell us they need to drill offshore. They tell us that they can find oil on the mainland. And what do they do with their profits? They buy back stock, simply to increase their share price." Democrats argue that producers already hold 68 million acres of federal lands on which they are not producing oil or gas. Irving-based Exxon Mobil, the world's largest oil company, was the fourth major oil giant to release quarterly results. Hours earlier, Royal Dutch Shell, based in the Netherlands, announced a 33 percent increase in profit. Houston-based ConocoPhillips last week announced a 13 percent increase in net income during a quarter in which oil prices rose from about $100 to $140 a barrel. London-based BP announced a 28 percent profit increase on Tuesday. Analysts ... focused less on Exxon Mobil's profits than on its 8 percent drop in production. The world's largest oil companies ... are benefiting from record-high oil prices. Exxon Mobil increased spending on capital and exploration projects by 38 percent in the quarter to $7 billion. It also spent $8 billion buying back its own shares and reported $39 billion in cash on hand. A Democratic analysis of the top five oil company's expenditures from 2004 through 2007 found that the majors plowed about $181 billion into stock buybacks, nearly three times as much as they spent on U.S. production activity.

Imagine being able to convert water into a boundless source of cheap energy. That's what BlackLight Power, a 25-employee firm in Cranbury, N.J., says it can do. The only problem: Most scientists say that company's technology violates the basic laws of physics. Such skepticism doesn't daunt Dr. Randell Mills, a Harvard-trained physician and founder of BlackLight, who recently claimed that he has created a working fuel cell using the world's most pervasive element: the hydrogen found in water. Mills says he has a market-ready product: a fuel cell that produces a chemical reaction to alter hydrogen atoms. The fuel cell releases heat that turns water into steam, which drives electric turbines. The working models in his lab generate 50 kilowatts of electricity - enough to power six or seven houses. But these, Mills says, can be scaled [up] to drive a large, electric power plant. The inventor claims this electricity will cost less than 2 cents per kilowatt-hour, which compares to a national average of 8.9 cents. Mills developed the patented cocktail that enables the reaction - a solid fuel made of hydrogen and a sodium hydride catalyst - only a year ago. (He recently posted instructions on the company's Web site, blacklightpower.com). Now that the device is ready for commercialization, he says, BlackLight is negotiating with several utilities and architecture and engineering firms. The business, Mills says, has attracted $60 million in funding from wealthy individuals, investment firms ... and it is no longer seeking money. BlackLight's board of directors reads like a Who's Who of finance and energy leaders.

Note: For two New York Times articles showing the viability of this amazing technology, click here and here. And for the latest on this exciting technology, click here. For many other exciting major media news articles on new energy inventions, click here.

A group of American advisers led by a small State Department team played an integral part in drawing up contracts between the Iraqi government and five major Western oil companies to develop some of the largest fields in Iraq, American officials say. The disclosure, coming on the eve of the contracts’ announcement, is the first confirmation of direct involvement by the Bush administration in deals to open Iraq’s oil to commercial development and is likely to stoke criticism. In their role as advisers to the Iraqi Oil Ministry, American government lawyers and private-sector consultants provided template contracts and detailed suggestions on drafting the contracts, advisers and a senior State Department official said. At a time of spiraling oil prices, the no-bid contracts, in a country with some of the world’s largest untapped fields and potential for vast profits, are a rare prize to the industry. The contracts are expected to be awarded Monday to Exxon Mobil, Shell, BP, Total and Chevron, as well as to several smaller oil companies. The deals have been criticized by opponents of the Iraq war, who accuse the Bush administration of working behind the scenes to ensure Western access to Iraqi oil fields even as most other oil-exporting countries have been sharply limiting the roles of international oil companies in development. Though enriched by high prices, the companies are starved for new oil fields. American military officials say the pipelines [in Iraq] now have excess capacity, waiting for output to increase at the fields.

Note: For many revealing reports from reliable sources on the real reasons behind the war in Iraq, click here.

Four Western oil companies are in the final stages of negotiations this month on contracts that will return them to Iraq, 36 years after losing their oil concessions to nationalization as Saddam Hussein rose to power. Exxon Mobil, Shell, Total and BP — the original partners in the Iraq Petroleum Company — along with Chevron and a number of smaller oil companies, are in talks with Iraq’s Oil Ministry for no-bid contracts to service Iraq’s largest fields. The deals, expected to be announced on June 30, will lay the foundation for the first commercial work for the major companies in Iraq since the American invasion, and open a new and potentially lucrative country for their operations. The no-bid contracts are unusual for the industry, and the offers prevailed over others by more than 40 companies, including companies in Russia, China and India. The contracts [would] give the companies an advantage in bidding on future contracts. There was suspicion among many in the Arab world and among parts of the American public that the United States had gone to war in Iraq precisely to secure the oil wealth these contracts seek to extract. The Bush administration has said that the war was necessary to combat terrorism. Sensitive to the appearance that they were profiting from the war and already under pressure because of record high oil prices, senior officials of two of the companies, speaking only on the condition that they not be identified, said they were helping Iraq rebuild its decrepit oil industry.

Note: For many revealing reports from reliable sources on the real reasons behind the war in Iraq, click here.

Faced with a surge in the number of proposed solar power plants, the federal government has placed a moratorium on new solar projects on public land until it studies their environmental impact, which is expected to take about two years. The Bureau of Land Management says an extensive environmental study is needed to determine how large solar plants might affect millions of acres it oversees in six Western states. But the decision to freeze new solar proposals temporarily ... has caused widespread concern in the alternative-energy industry ... just as the demand for viable alternative energy is accelerating. “It doesn’t make any sense,” said Holly Gordon, vice president for ... a solar thermal energy company in Palo Alto, Calif. “The Bureau of Land Management land has some of the best solar resources in the world. This could completely stunt the growth of the industry.” Much of the 119 million surface acres of federally administered land in the West is ideal for solar energy. Galvanized by the national demand for clean energy development, solar companies have filed more than 130 proposals with the Bureau of Land Management since 2005. According to the bureau, the applications, which cover more than one million acres, are for projects that have the potential to power more than 20 million homes. Craig Cox, the executive director of the Interwest Energy Alliance, a renewable energy trade group, said he worried that the freeze would “throw a monkey wrench” into the solar energy industry at precisely the wrong time.

Note: For many encouraging stories on new energy developments, click here.

The Tesla Roadster, which recently entered production, is probably the best known electric car in America. The company's president has called it "the only production electric car for sale in the United States." There are several other electric car companies that would differ with him on that point, but those other vehicles are either limited to speeds below 25 miles per hour or have fewer than four wheels, making their status as "cars" somewhat debatable. With a full set of wheels and a claimed top speed of 125 mph, there's no question this two-seat convertible is a real car. Tesla also boasts an amazing 220-mile range on a full charge as measured in EPA fuel economy tests. Meanwhile, the charging time claimed by Tesla is less than half that of other electric vehicles, thanks to advanced lithium-ion batteries -- which do account for much of the car's high cost. But even gasoline-powered two-seat soft-tops are luxury toys, not daily drivers. Tesla promises it is working hard on a more moderately priced four-door model for driving's other half. The GEM car, from Chrysler's Global Electric Motorcars division, is more typical of what's available to today's average consumer. It's a small, lightweight vehicle that can go up to 25 mph. It can go just a little faster on a downhill grade, but the electric motor automatically steps in to slow it down. The 25 mph top speed is a matter of law, not engineering. "Low Speed Vehicles" (LSVs) like the GEM don't have to meet the same safety requirements as faster cars. But 25 mph is still adequate for many daily commutes and around-the-town errands.

Note: For many exciting reports on new automotive and energy developments, click here.

What we drive in the future may not be designed in Detroit, or Tokyo or Stuttgart, but on the college campuses of North America. Teams of students from 17 colleges and universities in the United States and Canada have spent the last three years taking apart models of a Chevrolet Equinox, and re-designing and re-fitting the crossover SUV to get better fuel efficiency than the engineers and designers at General Motors have been able to achieve. It's called Challenge X. So what did these college teams come up with? They came up with bio-diesel, ethanol, hydrogen, hybrid electric, plug-in electric - with most of the teams using two of these energy sources together. The team from Penn State created an Equinox that runs on three fuels: bio-diesel, hydrogen and electric hybrid power. "The way it's designed, it's always burning hydrogen and bio-diesel together, and the hybrid motor turns on and off," explained Nate Simmons. The team from San Diego State created a bio-diesel electric hybrid, and transformed the transmission from automatic to manual for even better gas mileage. They were able to boost the EPA rating for the conventional Equinox from a rating of 23 miles per gallon highway up into the low 30s. "We set out to produce the most powerful vehicle in the competition," said faculty advisor James Burns. This year's winner was Mississippi State University, for its bio-diesel hybrid electric design. The MSU vehicle is powered by a 1.9-liter GM direct injection turbo-diesel engine, fueled by bio-diesel (B20). It won for achieving a whopping 38 percent increase in fuel economy over the production-model Equinox.

Note: College and even high school students have been beating car manufacturers for years, yet the media seem to largely ignore this. For striking examples, click here and here.

Shai Agassi, a Silicon Valley entrepreneur, pledges that he can beat the spiraling cost of gasoline with the world's first mass-produced electric car. In January, Israel's government endorsed the Palo Alto businessman's ambitious joint venture between his startup company - Project Better Place - and Renault-Nissan. Agassi says he raised $200 million to get the $500 million dollar project, which will include a network of charging and battery-exchange stations by 2010, off the ground. Project Better Place also has signed an agreement with Denmark to begin a similar operation by 2011. In Denmark, a pioneer in developing wind power, batteries are expected to be recharged using wind-powered turbines. Agassi is banking on his electric-powered sedan revolutionizing life on the roads, cleaning up the environment and reducing dependence on oil. The cars are expected to have a range of up to 140 miles per charge and a top speed of 68 mph - the speed limit in Israel. Last month, he invited reporters to test-drive a prototype that looks a lot like the Renault Megane, a four-door sedan. The car is noticeably quiet and has no exhaust pipe, an electric socket in place of a gas cap and a dashboard gauge that measures the charge of the vehicle's 450-pound lithium-ion battery. In the United States, Hawaii Gov. Linda Lingle has said she is interested in her state becoming the first to embrace the electric-car network. Mayor Gavin Newsom also has reportedly expressed interest in making San Francisco the first U.S. metropolis to place electric cars on city roads.

Note: For reports of many exciting breakthroughs in energy development and automotive design, click here.

“Ten years ago I could never have imagined I’d be doing this,” says Greg Pal, 33, a former software executive. “I mean, this is essentially agriculture, right? But ... this is the one hot area everyone wants to get into.” He means bugs. To be more precise: the genetic alteration of bugs – very, very small ones – so that when they feed on agricultural waste such as woodchips or wheat straw, they do something extraordinary. They excrete crude oil. Unbelievably, this is not science fiction. Mr Pal holds up a small beaker of bug excretion that could, theoretically, be poured into the tank of the giant Lexus SUV next to us. Not that Mr Pal is willing to risk it just yet. He gives it a month before the first vehicle is filled up on what he calls “renewable petroleum”. After that, he grins, “it’s a brave new world”. Mr Pal is a senior director of LS9, one of several companies in or near Silicon Valley that have ... embarked ... on an extraordinary race to make $140-a-barrel oil (Ł70) from Saudi Arabia obsolete. “All of us here – everyone in this company and in this industry, are aware of the urgency,” Mr Pal says. What is most remarkable about what they are doing is that instead of trying to reengineer the global economy – as is required, for example, for the use of hydrogen fuel – they are trying to make a product that is interchangeable with oil. The company claims that this “Oil 2.0” will not only be renewable but also carbon negative – meaning that the carbon it emits will be less than that sucked from the atmosphere by the raw materials from which it is made.

Note: For a treasure trove of exciting reports on new energy inventions, click here.

Tired of petrol prices rising daily at the pump? A Japanese company has invented an electric-powered, and environmentally friendly, car that it says runs solely on water. Genepax unveiled the car in the western city of Osaka, saying that a liter (2.1 pints) of any kind of water -- rain, river or sea -- was all you needed to get the engine going for about an hour at a speed of 80 km (50 miles). "The car will continue to run as long as you have a bottle of water to top up from time to time," Genepax CEO Kiyoshi Hirasawa told local broadcaster TV Tokyo. "It does not require you to build up an infrastructure to recharge your batteries, which is usually the case for most electric cars," he added. Once the water is poured into the tank at the back of the car, the a generator breaks it down and uses it to create electrical power, TV Tokyo said. Whether the car makes it into showrooms remains to be seen. Genepax said it had just applied for a patent and is hoping to collaborate with Japanese auto manufacturers in the future. Most big automakers, meanwhile, are working on fuel-cell cars that run on hydrogen and emit -- not consume -- water.

Note: To watch a Reuters video clip on this amazing car, click here.

Hedge funds and big Wall Street banks are taking advantage of loopholes in federal trading limits to buy massive amounts of oil contracts, ... helping to push oil prices to record highs. The federal agency that oversees oil trading, the Commodity Futures Trading Commission, has exempted these firms from rules that limit speculative buying. The CFTC has also waived regulations over the past decade on U.S. investors who trade commodities on some overseas markets, freeing those investors to accumulate large quantities of the future oil supply by making purchases on lightly regulated foreign exchanges. Over the past five years, investors have become such a force on commodity markets that their appetite for oil contracts has been equal to China's increase in demand over the same period, said Michael Masters, a hedge fund manager who testified before Congress on the subject last month. The commodity markets, he added, were never intended for such large financial players. Commodities have become especially enticing to investors as the credit crisis has roiled other investment opportunities such as stocks and debt-related securities. The recent flood of investment money has transformed the markets for oil, as well as uranium, wheat, cotton and other goods, into a volatile realm that some insiders call the Wild West of Wall Street. Michael Greenberger, a professor at the University of Maryland and former CFTC commissioner, said there were loopholes the agency could close without much effort. "There's smoke here, and the CFTC hasn't wanted to look if there's a fire," he said. "But these are dark markets. They don't even know who's doing the trading."

Note: For revealing reports on financial corruption and criminality from major media sources, click here.

The House and Senate voted overwhelmingly ... to temporarily stop filling the Strategic Petroleum Reserve, a response to public anger over rising oil prices as the average price of regular unleaded gasoline nationwide hit a new high of $3.73 per gallon. The legislation would halt shipments for the rest of the year of roughly 70,000 barrels a day into the reserve, a system of four underground salt domes on the Gulf Coast run by the Energy Department. The reserve currently holds about 702 million barrels of oil, an amount equal to two months of U.S. imports. The government pays the market price for the light crude oil it stores in the reserve. Congress created the reserve two years after the 1973 Arab oil embargo as a way to prevent supply disruptions. Kevin Book, senior energy analyst for Friedman, Billings, Ramsey & Co., noted that in the hour after the Senate passed the measure nearly unanimously the price of crude oil jumped by a dollar. Book said, "70,000 barrels is a rounding error. It is not material in an 85.7 million barrel per day market." Book added that it will take much more significant action ... for the markets to take notice. The Senate, by a 56-42 vote, defeated a Republican measure ... that would have opened Alaska's Arctic National Wildlife Refuge to drilling and allowed states to drill off their shores.

Norwegian automaker Think Global said Monday it planned to sell low-priced electric cars to the masses and will introduce its first models in the U.S. by the end of next year. The battery-powered Think City will be able to travel up to 110 miles on a single charge, with a top speed of about 65 mph, the company said. It will be priced below $25,000. Oslo-based Think said venture capital firms RockPort Capital Partners and Kleiner, Perkins, Caufield & Byers had made investments to fund its entry into the U.S. under the auspices of Think North America. "This is not a toy," said Wilber James, RockPort managing partner. "This is a serious car that we expect to sell." Although technology for electric cars has been advancing -- and consumer interest has been rising amid growing concern over gasoline prices and greenhouse gases -- few vehicles have come to market. Last month, San Carlos, Calif.-based Tesla Motors began production of its Roadster, an electric vehicle that costs $100,000. The Think City "is a mass-market vehicle," said Kleiner managing partner Ray Lane, dismissing comparisons to the Roadster. Tesla's car is being produced in relatively small numbers, with roughly 300 expected by the end of this year. "Our desire is to be selling 30-40-50,000 of these cars in a couple of years." Think Chief Executive Jan-Olaf Willums said the company would bring test vehicles to the U.S. in the coming months. The Think City runs on sodium batteries, but future versions could use lithium ion batteries, Willums said. The Think City, a two-seater that can be fitted with two additional seats for children, has a mostly plastic exterior and is 95% recyclable. Willums said a convertible was in development. "Women want to buy it immediately," he said.

Note: For many exciting reports on new auto and energy developments from major media sources, click here.

An airplane-inspired car that costs $10,000 less than a basic Volvo and gets 300 miles per gallon? Not quite yet, but San Diego robot-builder Steve Fambro may be onto something with the Aptera ("wingless" in Greek) vehicle. Fambro was inspired to build the vehicle when his wife deemed a kit airplane he was building was too dangerous. The vehicle pictured was designed by Jason Hill and his firm "11" for Fambro. The three-wheeled, 1,500-pound prototype has 2 1/2 seats, and when the vehicle goes into production in October, Fambro expects that it will have an acceleration rate of zero to 60 mph in 11 seconds (a second slower than the Prius) and retail for less than $30,000. The Aptera will come in two versions: an all-electric that is expected to go 120 miles on a charge and a hybrid that will have a 600-mile range on a full charge and full tank. Unlike other three-wheeled cars that are technically motorcycles (thus skirting a lot of safety criteria), the Aptera's airplane-wide wheel base makes it stable. The fiberglass shell is reinforced with steel and aluminum, and there will be air bags in the seat belts. What's not to like, unless, of course, you're the passenger in the half seat.

Note: For a fascinating video clip of this car on a local ABC news affiliate, click here. Why aren't other major media picking up this exciting story?

A remote drilling rig high in the Mackenzie Delta has become the site of a breakthrough that could one day revolutionize the world's energy supply. For the first time, Canadian and Japanese researchers have managed to efficiently produce a constant stream of natural gas from ice-like gas hydrates that, worldwide, dwarf all known fossil fuel deposits combined. "We were able to sustain flow," said Scott Dallimore, the Geological Survey of Canada researcher in charge of the remote Mallik drilling program. "It worked." For a decade now, Dallimore and scientists from a half-dozen other countries have been returning to a site on Richards Island on the very northwestern tip of the Northwest Territories to study methane gas hydrates. A hydrate is created when a molecule of gas – in this case, methane or natural gas – is trapped by high pressures and low temperatures inside a cage of water molecules. The result is almost – but not quite – ice. It's more like a dry, white slush suffusing the sand and gravel 1,000 metres beneath the Mallik rig. Heat or unsqueeze the hydrate and gas is released. Hold a core sample to your ear and it hisses. More significant is the fact that gas hydrates concentrate 164 times the energy of the same amount of natural gas. And gas hydrate fields are found in abundance under the coastal waters of every continent. Calculations suggest there's more energy in gas hydrates than in coal, oil and conventional gas combined. Last month, the Mallik team became the first to use that method to get a steady, consistent flow. "That went really well," said Dallimore. "We definitely demonstrated that these hydrates are responsive enough that you can sustain flow. We were able to take conventional technologies, modify them, and produce. That's a big step forward."

Note: For lots more information on new energy developments, click here.

Texas may be best known for "Big Oil." But the oil that could some day make a dent in the country's use of fossil fuels is small. Microscopic, in fact: algae. Literally and figuratively, this is green fuel. "Algae is the ultimate in renewable energy," Glen Kertz, president and CEO of Valcent Products, told CNN while conducting a tour of his algae greenhouse on the outskirts of El Paso. "We are a giant solar collecting system. We get the bulk of our energy from the sunshine," said Kertz. Algae are among the fastest growing plants in the world, and about 50 percent of their weight is oil. That lipid oil can be used to make biodiesel for cars, trucks, and airplanes. Most people know algae as "pond scum." And until recently, most energy research and development projects used ponds to grow it. But instead of ponds, Valcent uses a closed, vertical system, growing the algae in long rows of moving plastic bags. The patented system is called Vertigro, a joint venture with Canadian alternative energy company Global Green Solutions. The companies have invested about $5 million in the Texas facility. "A pond has a limited amount of surface area for solar absorption," said Kertz. "By going vertical, you can get a lot more surface area to expose cells to the sunlight. It keeps the algae hanging in the sunlight just long enough to pick up the solar energy they need to produce, to go through photosynthesis," he said. Kertz said he can produce about 100,000 gallons of algae oil a year per acre, compared to about 30 gallons per acre from corn; 50 gallons from soybeans. Valcent research scientist Aga Pinowska said there are about 65,000 known algae species, with perhaps hundreds of thousands more still to be identified. A big part of the research at the west Texas facility involves determining what type of algae produces what type of fuel.

Note: For many exciting reports of new energy inventions, click here.

A powerful winter storm swept across northeastern Ohio in early January, knocking out power for nearly 60,000 customers. But in an isolated one-story building, tucked among the trees and fields of Cuyahoga Valley National Park, the lights stayed on. So did the computers. The power source: two fuel cells, each about the size of a refrigerator. "It worked seamlessly," said Tom Toledo, maintenance operations supervisor at the park. "We didn't even realize there was a power outage." The performance of these fuel cells, a demonstration project for fuel cell maker Acumentrics Corp. of Westwood, is an example of a technology whose time may be approaching. Unlike traditional technologies, which burn fuels like oil, coal, and natural gas to make power, fuel cells rely on chemical reactions to produce electricity and heat. Fuel cells are most frequently imagined as an advanced engine for automobiles. But as Acumentrics' success in Ohio demonstrates, on-site generation represents another application, one that specialists say will make it to market long before fuel cells replace the internal combustion engine. Acumentrics, in fact, is moving toward commercial production of a compact fuel cell system to power and heat homes. Working with the Italian heating products company Merloni TermoSanitari, Acumentrics hopes to get these household units, small enough to hang on a wall, into European markets by 2010. Estimated price: $5,200. "This is a new way of making electricity," said Gary Simon, Acumentrics chief executive. "It's like going from vacuum tubes to microchips." Acumentrics is one of about 40 Massachusetts firms developing fuel cell technology that someday may power everything from military outposts to cellphones.

Note: For many exciting reports of new energy inventions, click here.

The idea is deceptively simple. Forget about fancy batteries, regenerative braking, and alternative fuels. Instead, make a car that's elegant in its minimalism and efficiency. The Loremo's German designers revisited the basics — engine efficiency, low weight, and minimal drag — to create a car that offers fuel-efficiency in the neighborhood of 130 to 150 miles per gallon. The Loremo is likely to dazzle drivers not with its acceleration, but with its ability to drive from New York to L.A. with only three stops at the pump. Loremo stands for low resistance mobile, and its engineers have stuck obsessively to this idea. By building the car around a 2-cylinder turbodiesel engine, and cutting back on weight, drag, and other excess fat such as side-opening doors, the Loremo puffs out a mere 50 grams of carbon dioxide per kilometer. This is about 40 grams less per kilometer than the tiny diesel smart. According to its creators, this will make the Loremo the most efficient production car ever sold. If the Loremo showed up as a concept on an auto show pedestal, it would certainly garner some attention. But the Loremo is not a car for dreamers; not only will it enter mass production next year, it will sport a base price attainable by mortal motorists: 15,000 euros (about U.S. $22,000). After its 2009 release in Europe, the Loremo will be redesigned to reach the North American market the following year. A $30,000, 3-cylinder GT model will also become available, offering better acceleration (0-60 in roughly 10 seconds, vs. 16 for the base model). Both hybrid and fully electric versions are also in the works.

Note: For many exciting, reliable reports on new energy and automobile technologies, click here.

Thane Heins is nervous and hopeful. In four days the Ottawa-area native will travel to Boston where he'll demonstrate an invention that appears ... to operate as a perpetual motion machine. The audience, esteemed Massachusetts Institute of Technology professor Markus Zahn, could either deflate Heins' heretical claims or add momentum to a 20-year obsession. Zahn is a leading expert on electromagnetic and electronic systems. In a rare move for any reputable academic, he has agreed to give Heins' creation an open-minded look rather than greet it with outright dismissal. The invention ... could moderately improve the efficiency of induction motors, used in everything from electric cars to ceiling fans. At best it means a way of tapping the mysterious powers of electromagnetic fields to produce more work out of less effort, seemingly creating electricity from nothing. Heins has modified his test so the effects observed are difficult to deny. He holds a permanent magnet a few centimetres away from the driveshaft of an electric motor, and the magnetic field it creates causes the motor to accelerate. Contacted by phone a few hours after the test, Zahn is genuinely stumped – and surprised. He said the magnet shouldn't cause acceleration. "It's an unusual phenomenon I wouldn't have predicted in advance. But I saw it. It's real. To my mind this is unexpected and new," he [said]. "There are an infinite number of induction machines in people's homes and everywhere around the world. If you could make them more efficient, cumulatively, it could make a big difference."

Note: For a treasure trove of reports on new energy breakthroughs from reliable, verifiable sources, click here.

Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.