Algae biofuel is an alternative to fossil fuel that uses algae as its source. Several companies and government agencies are funding efforts to reduce capital and operating costs and make algae fuel production commercially viable. Taking an approach similar to that used for discovering new therapeutic drugs, chemists at the University of California, Davis, have
Earlier this year, the United States’ government announced several grants going towards algae research, one of the largest going towards the National Alliance for Advanced Biofuels and Bioproducts. This consortium received $44 million and is headed by the Donald Danforth Plant Science Center. In addition to this investment, other areas of the government have financially vested themselves in algae biofuels as well.
However, it seems that the U.S. government isn’t done investing in the future of algae fuels. Just last month, the government announced that it will be investing even more into the algae research field, $24 million more to be precise. This grant will be split between three different consortiums, each focusing on a different area of research.