June 18, 2008 24/7 Energy News Coverage Energy-Daily Advertising Kit
Microchip sets low-power record
Ann Arbor, Mich. (UPI) Jun 17, 2008
U.S. scientists say they've created a microchip that uses 1/30,000th the power in sleep mode and 1/10th as much in active mode than regular chips. The Phoenix Processor -- developed at the University of Michigan and which set a low-power record -- is intended for use in cutting-edge sensor-based devices such as medical implants, environment monitors or surveillance equipment. ... read more
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    Gazprom To Invest Up To 420 billion Dollars In Projects By 2020
    Moscow (SPX) Jun 18, 2008
    Russian energy giant Gazprom intends to invest between 8 and 10 trillion rubles ($338-422 billion) in a range of projects between 2009 and 2020, a company spokesman said on Monday. "According to our forecasts, investment will be between eight and ten trillion rubles by 2020, and annual investment is estimated at some 700 billion rubles," Sergei Pankratov, the head of Gazprom's further ... more

    Democratic And Republican National Conventions To Be Powered By Sun And Wind
    Minneapolis MN (SPX) Jun 18, 2008
    The 2008 Democratic and Republican national conventions will be powered with clean, renewable wind and solar energy, Xcel Energy announced today. This is also the first time the same electric utility will serve both conventions in separate cities in the same year. Xcel Energy, the nation's No. 1 wind power provider according to an American Wind Energy Association ranking, will provide ... more

    Australian Rail Track Awards LockMart Contract For Advanced Train Management System
    Adelaide, Australia (SPX) Jun 18, 2008
    Lockheed Martin has received a A$74.8 million (US$72 million) contract from the Australian Rail Track Corporation (ARTC), for the "Proof of Concept" phase of the Advanced Train Management System (ATMS), a new communications-based train management technology for Australia's national interstate freight rail network. During this phase, Lockheed Martin will design, develop, construct and test ... more

    Toyota says to ramp up production in China
    Tokyo (AFP) June 17, 2008
    Japan's Toyota Motor Corp. said Tuesday that its joint venture in China with Guangzhou Automobile would invest about 380 million dollars to increase output in response to fast-growing demand. The venture will install a second production line at its plant in Guangdong to churn out an additional 120,000 Camry sedans a year, raising the venture's annual output to 320,000 vehicles. ... more

    Rate of yuan not 'magic remedy' for US trade deficit: China
    Beijing (AFP) June 17, 2008
    China said Tuesday the exchange rate of its currency was not a "magic remedy" that could resolve the US trade deficit, in a dig at accusations it keeps the yuan undervalued to support its exports. "The rate of exchange of the yuan is not the main reason for the US trade deficit, and it is not a magic remedy to resolve the problem of the trade deficit," foreign ministry spokeswoman Jiang Yu ... more

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    Shrinking Natural Energy Reserves Turn The Spotlight On Solar Energy
    Dublin, Ireland (SPX) Jun 18, 2008
    Crude oil prices have overshot the $100 a barrel mark due to the huge disparity in demand and supply. This trend was fostered by the escalating global population, changing lifestyles, and rapid industrialization. Natural sources of energy such as oil, coal, and natural gas are being milked dry, forcing authorities to explore alternate energy sources. Adverse climatic effects due to ... more

    Sakhalin II Operator Secures Project Financing
    Moscow (SPX) Jun 18, 2008
    Sakhalin Energy said on Monday it had signed a $5.3 billion deal to finance the 2nd phase of the Sakhalin II oil and gas project off Russia's Pacific Coast. Under the deal, the Japan Bank for International Cooperation, Japan's leading financial institution, will provide $3.7 billion for Sakhalin II. A consortium of international commercial banks will contribute an extra $1.6 billion ... more

    Japan PM says wants 'normal' ties with NKorea
    Tokyo (AFP) June 17, 2008
    Japanese Prime Minister Yasuo Fukuda said Tuesday that he hoped his country would eventually have normal relations with North Korea after decades of tension. North Korea agreed last week to reinvestigate its past kidnappings of Japanese civilians, leading Tokyo to agree to relax some sanctions. "Our hope is to have a normal relationship with the DPRK," Fukuda said, referring to North ... more

    Ford, GM see boost in trade with China
    Detroit, Michigan (AFP) June 17, 2008
    Ford Motor Co. and General Motors expect to export 1.8 billion dollars' worth of vehicles and parts over the next few years, helped by new bilateral deals, executives said Tuesday. The struggling US automakers were among the firms that signed deals this week worth 13.6 billion dollars ahead of a high-level meeting of officials from both countries. Beijing said the agreements inked in ... more

      ENERGY TECH
  • Analysis: Future of Kirkuk field unknown

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  • Japan PM says 'strong likelihood' of resolving China gas dispute

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    PG And E Adds 106.8 MW Of Renewable Solar Hybrid Power
    San Francisco CA (SPX) Jun 18, 2008
    Continuing its momentum of adding utility-scale solar power to its energy mix, Pacific Gas and Electric Company has announced that it has entered into two contracts with San Joaquin Solar, a subsidiary of Martifer Renewables Electricity, for a combined 106.8 megawatts (MW) of solar thermal-biofuel hybrid power. Located near Coalinga, CA, the solar-biofuel projects will deliver a total of 7 ... more

    Ruble Could Be Regional Reserve Currency Within 5 Years
    Osaka, Japan (RIA Novosti) Jun 18, 2008
    The Russian ruble could become a regional reserve currency within the next five years, Finance Minister Alexei Kudrin said on Friday. Speaking to reporters in Osaka on the sidelines of a Group of Eight finance ministers' meeting, Kudrin said the Russian national currency has already begun to play the role of a reserve currency in certain states. President Dmitry Medvedev said last we ... more

    Exercise For Rapid Disaster Relief With Space-Based Technologies
    Bonn, Germany (SPX) Jun 17, 2008
    In Cyprus, disaster management experts of the European Union tested a satellite based system for monitoring disaster areas. On behalf of the European Commission, the German Aerospace Center (DLR) has developed a system that enables disaster relief workers to access up to date satellite images while being in the field and exchange data among themselves. The exercise took place in the ... more

    G8 holds first science summit
    Okinawa, Japan (UPI) Jun 15, 2008
    The Japanese hosts of the first-ever science and technology summit under the Group of Eight banner say climate change is at the top of its agenda. The Sunday meeting in Okinawa gathered together the science ministers or their proxies from Great Britain, Canada, France, Germany, Japan, Russia, the United States and the European Union in Nago and concentrated on advancing cooperation in ... more

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  • US envoy says no 'G8 solution' to climate change
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