DOE Announces $8 Million in Algae Funding

July, 11 / 2017

The U.S. Department of Energy has announced three projects that will receive up to $8 million in funding to further reduce the costs of producing algal biofuels and bioproducts.

ABO members Global Algae Innovations, Sapphire Energy and Lumen Bioscience were each chosen to receive funding, alongside Los Alamos National Lab, Sandia National Lab, NREL, and the University of California.

The announcement follows a June 30 letter from the bipartisan Congressional Algae Caucus to Energy Secretary Rick Perry urging him to issue the awards — as well as additional funding in the remaining budget for Fiscal Year 2017 — without delay.

ABO and its members are grateful for the coordinated effort from the Congressional Algae Caucus, and for their ongoing support of new technologies critical to the nation’s interests.

Congratulations to each of these projects! They are among hundreds of ABO members dedicated to advancing the role that algae plays in becoming a sustainable source of energy and bioproducts, as well as economic development.

As the Department of Energy notes, the funding will support “the development of a bioeconomy that can help create jobs, spur innovation, improve quality of life, and achieve national energy security.”

For more information on the funding or its recipients, see the energy department’s website here.