U.S. Department of Energy gives out $24 million for algae biofuels research

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For several years now, algae has been known to have huge potential as a feedstock for biofuels because it can yield up to 100 times as much fuel per acre than conventional sources like corn and soy. The problem is that no one has had much success commercializing production in a financially viable way.

To help spur things along, the United States Department of Energy has announced three grants totaling $24 million to consortia working on various aspects of algae cultivation and fuel production. A team led by Arizona State University is getting $6 million to investigate the use of algae biofuels, while a team from University of California, San Diego is getting $9 million to work on the algae itself, including the development of strains that are suitable for cultivation and use as a feedstock. The final $9 million is going to a group led by Cellana, LLC to develop large-scale production processes.

[Source: U.S. Department of Energy]

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U.S. Department of Energy gives out $24 million for algae biofuels research originally appeared on Autoblog Green on Tue, 29 Jun 2010 18:59:00 EST. Please see our terms for use of feeds.

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