http://blog.wired.com/27bstroke6/2009/03/wireds-top-inte.html

"Spin Battery" Effect Discovered

Researchers at the University of Miami and at the Universities of Tokyo and Tohoku, in Japan, have discovered a spin battery effect: the ability to store energy into the magnetic spin of a material and to later extract that energy as electricity, without a chemical reaction. The researchers have built an actual device to demonstrate the effect that has a diameter about that of a human hair. This is a potentially game-changing discovery that could affect battery and other technologies. Quoting: Although the actual device... cannot even light up an LED..., the energy that might be stored in this way could potentially run a car for miles.