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They didn't, and their tenacity is paying off. Krafla recently became the site of a pilot project to drill extremely deep boreholes (classified as three miles or more), a frontier technology that could yield five to 10 times more energy per borehole than any similar project in the world. Landsvirkjun, the state utility that owns Krafla, has also been in talks to supply power to an aluminum smelter that Alcoa plans to build nearby. The financial downturn has put that project on hold for now, but Alcoa, which already has one smelter in Iceland, still sees the country...

Author: /time Magazine | Title: Energy: Boiling Point | 12/4/2008 | See Source »

...supply batteries to those who choose to buy or lease an electric car. Lingle hailed the plan as a major step in curbing emissions and rising energy costs. The state needs to do something; it spends nearly $7 billion each year on imported oil. Better Place is seeking similar deals in Israel, Australia, Denmark and the San Francisco area...

Author: /time Magazine | Title: The World | 12/4/2008 | See Source »

...ever have to review two very similar tech products--any kind of gadgets, even supercomputers--I highly recommend dragooning a pair of 11-year-olds. That's what I did on a recent Saturday when a couple of inexpensive, pocket-size HD camcorders arrived at the Quittner household...

Author: /time Magazine | Title: Meet the Bitty Viddies | 12/4/2008 | See Source »

Agassi said the last important aspect of Better Place’s business plan is the adoption of a system similar to the cellular phone network business model, in which drivers pay for the miles they drive. Agassi said that in this way transportation becomes a “sustainable service” to which drivers can subscribe...

Author: By Melody Y. Hu, CRIMSON STAFF WRITER | Title: CEO Advocates Electric Car Networks | 12/4/2008 | See Source »

...seen Agassi speak before, and every time I leave hoping that it will be a similar revolution as perhaps the cell phone revolution, but not quite seeing the spark,” said John Dutton, an employee of the World Economic Forum. “I hope that we will see that tipping point soon...

Author: By Melody Y. Hu, CRIMSON STAFF WRITER | Title: CEO Advocates Electric Car Networks | 12/4/2008 | See Source »

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