Blog

Moderator: Jill Kauffman Johnson, Head of Global Market Development, Corbion Algae Ingredients

Vidar Gundersen, Global Sustainability Director, BioMar (first aquaculture feed company to utilize algae at scale in fish feed)

Beau Perry, CEO, Blue Evolution (producing macroalgae for food markets)

 

Todd Hansen, CEO, NBO3 Technologies (producing algae-based feed for beef and pork)

Sebastian Goycoolea, CEO, BluGlacier (distributor of algae-fed salmon in the US)

Register for the Summit today, or check out the full agenda to see who else will be speaking at the world’s largest algae conference!

IKEA’s research and design laboratory, known as SPACE10, released this month a new cookbook that looks to close the gap between the trends shaping the future of food, and what people actually want to eat. Algae is naturally a key ingredient. 

Future Food Today is a collection of recipes that acknowledges growing global populations are going to be demanding more food and that existing production systems simply can’t keep up. Algae, which grow incredibly fast without the pressures on freshwater or farmland of traditional crops, are an ideal way to meet those demands around the globe without adding additional sustainability pressures. 

The book features recipes for algae chips, using spirulina as an ingredient in a variety of dishes (including a bright green hot dog bun), and even some inspiration to grow your own algae at home. 

Algae is not the only new ingredient some of the recipes explore. Insects and other alternative protein sources are also options for the adventurous cook.

“Some of the recipes call for ingredients you may not have seen before, others are good old kitchen classics. We wanted to engage as many people as possible in this conversation, from well seasoned gourmandes to aspirational foodies. It really is a book for everyone, as long as you have a curious mind and have an interest in exploring a more sustainable future,” said Simon Perez, SPACE10’s Chef and Food Designer.

Learn more about the book at SPACE10’s website. 

Dozens of researchers, designers, entrepreneurs and investors are working to put algae on the table as global populations grow. Algae may be one of the only crops of the future that can satisfy our need for new protein without degrading valuable ecosystems. 

Ready to become part of the solution? Join us at the Algae Biomass Organization, or come to the Algae Biomass Summit to meet the leaders of the algae revolution. Now is the perfect time to become involved with a movement that is redefining agriculture, energy, and countless other industries. 

Financing new technology development can be challenging, and even when a technology becomes commercially viable there can be roadblocks for investors that seek to quickly capitalize on the latest advances. That’s why ABO is supporting legislation that can level the playing field for algae companies that don’t currently qualify for many of the tax advantages enjoyed by the fossil energy industry.

This month U.S. Senators Chris Coons (D-DE) and Jerry Moran (R-KS) and Representatives Mike Thompson (D-CA-05) and Ron Estes (R-KS-04) re-introduced bipartisan legislation, the Financing Our Energy Future Act, that would allow clean energy companies to form master limited partnerships (MLPs). MLPs are operated and taxed as partnerships but can also be publicly traded, and offer investors liquidity, limited liability and dividends.

For decades, only companies that get their revenues from fossil energy extraction or pipeline projects have been permitted to form MLPs. By combining the funding advantages of corporations and the tax advantages of partnerships, these ventures have been able to more easily attract and deploy capital.

Expanding the scope of MLPs could significantly accelerate investment in clean energy projects, including algae cultivation that uses carbon capture for the production of fuel, oils or other valuable products.

Mark Allen, Chair of ABO’s board remarked: ““The Financing Our Energy Future Act will open up the master limited partnership tax-advantaged corporate structure to investors ready to finance the growth of renewable energy, carbon capture and utilization, and other vital low carbon products being deployed by the algae industry. The members of the Algae Biomass Organization thank Senators Coons and Moran, and Representatives Estes and Thompson for their leadership in introducing the Act in the 116th Congress. Allowing MLP’s to bring new capital to industry innovation and growth will help create jobs and enhance our energy and environmental security. Algae-based clean technology companies look forward to competing on the level playing field this bill will help ensure.”

In the Senate, the Financing Our Energy Future Act is cosponsored by Senators Angus King (I-ME), Susan Collins (R-ME), Tom Carper (D-DE), Lisa Murkowski (R-AK), Martin Heinrich (D-NM), Joni Ernst (R-IA), Cory Gardner (R-CO), Debbie Stabenow (D-MI), Mike Crapo (R-ID), and Michael Bennet (D-CO).

Read more about this important legislation here. 

Take this rare opportunity to get up close and personal with a carbon capture and algae cultivation demonstration at the 2019 Algae Biomass Summit.

Summit attendees can now register for a tour of the Orlando Utilities Commission’s Stanton Energy Center, a multi-fuel power plant that is home to a DOE-supported project capturing waste carbon dioxide emissions for algae cultivation.

Tour attendees will be able to:

• See the latest CO2 capture technologies
• View algae operations growing biomass for a variety of uses
• Learn about valuable technical lessons, including production levels, biomass composition, CAPEX, and more.

We are offering two opportunities to take this valuable tour:

Are you committed to commercializing new algae technologies? It’s time to get ahead of federal funding opportunities.

Algae cultivation, production and processing technologies have come a long way over the past decade. Successfully funding these innovations has been largely due to some dynamic collaborations between entrepreneurs, universities, national laboratories and federal agencies supporting cutting-edge technology advances and the economic benefits that can come with them.

The U.S. Department of Energy’s recently announced $79 million opportunity is one example of how federal support for R&D projects is propelling a new ecosystem of algae products and services. Other agencies working to improve the role of algae in the bioeconomy include the National Oceanic and Atmospheric Administration, the Environmental Protection Agency, the National Science Foundation and the Food and Drug Administration.

And beginning in 2019, the Department of Agriculture is preparing to offer millions in new funding to support the algae industry, thanks to a dramatic change in the latest Farm Bill advocated by ABO.

Now is the time for algae technology developers to explore these opportunities. We connected with some of our most experienced members and consultants to build a set of guidelines that can set more algae research projects on track for federal funding.

“Starting early may be the single most important step,” says Tim Zenk, principal at Molecule and a consultant with years of experience helping algae companies collaborate with federal agencies.

These guidelines are not exhaustive, but if you’re thinking of engaging with federal funding, they are some of the most important to keep in mind:

Start building relationships early

• The DOE, USDA and other funding agencies have dedicated staff that are designing and awarding technology development grants. They can be incredible resources for those that might apply for funding. Find out who is staffing the programs of interest and introduce yourself.
• Most funding opportunities are won by wide-ranging collaborations between several partners working together. Seek out and connect with the universities and national labs that you might be able to partner with for a proposal. Take a look at some of the previous winners to see what models have worked in the past.

Have your data in good shape

• Agencies are tasked with supporting the most worthy projects, and they will need to see rigorous data in your proposals. Make sure your science is sound, and that your engineering is ready for review.
• In most cases you will need more than theory. You will have to show what production experience you’ve had so far, or what scale of operations you are ready for today.

Know the funding announcements inside and out

• Make sure you understand the overarching goals behind the funding opportunities, and how you can help meet them.
• Some proposals are rejected because they fail to address small but crucial requirements that are spelled out in the funding announcement. Comb through the text and graphics provided by the funding agencies to ensure you can meet the appropriate production targets, design qualifications, etc.
• Look at the specific collaborators and other parties that are mentioned in the funding application materials. Find out what laboratories or other entities might be expected to participate and build them into your own network.

What to expect if you win an award

• Congratulations! Collaborating with a federal agency is a big responsibility, but there is no reason it should be overwhelming.
• Be ready to meet tight deadlines. Funding opportunities are built to meet goals around technology improvement, commercial production and economic development. There are hundreds of players and working with agency staff to get the timelines right will be important.
• You won’t have to share sensitive IP or trade secrets (unless otherwise clarified in the application process), but some information you share with agencies will be made public. Find out what comments, emails and reporting could be released.
• Be ready to meet reporting requirements. They won’t be overwhelming, but they are an important part of the process. Agencies want you to be successful, but lessons of unexpected results or even failures will be viewed as valuable.

If you don’t win

• Don’t be discouraged. This is a competitive process and agencies take care to evaluate and select the most worthy projects. Find out what you can do to make a stronger case the next time around.

“Follow the rules, have good science, and you’ll have a good shot,” says Zenk.

Ready to learn more?

ABO maintains a network of experts, consultants and contractors that are all standing by to help algae technology developers succeed when it comes to taking advantage of federal support. Reach out to get connected!

Ready to connect with the leaders of the algae industry? Come network with CEOs, federal agency staff, industry suppliers and others at the Algae Biomass Summit!