President Barack Obama, under pressure to spur job growth, said on Saturday two solar energy companies will get nearly $2 billion in U.S. loan guarantees to create as many as 5,000 green jobs.
On Friday, a new generation solar powered cargo vessel, the Auriga Leader has docked in North America for the first time. Toyota Motor Corp will employ this car carrier for automobile shipments to Europe and North America from Japan. The vessel will be operated by the Japanese-based NYK Line.
The Philippines and other members of the Association of Southeast Asian Nations (ASEAN) are becoming alarmed over the rapid increase of global oil prices and are seriously looking into prospects of building nuclear powered plants to energize the electric needs of the 10 member nations of ASEAN.
American Secretary of Energy Steven Chu is cutting US$100 million dollars from hydrogen fuel cell vehicle research and diverting the remaining $69 million to hydrogen fuel cell research for household current.