About one fifth of the world’s population lacks access to electricity. It is one of biggest economic obstacles for people in developing countries, but one that could mean opportunities for a clean energy beginning with alternative energy.
By Jonathan Williams
During this past summer, the world has seen multiple advances in the alternative energy field, particularly with algae biofuels. A week hasn’t gone by where I didn’t receive several press releases in my inbox highlighting the latest advances by one of the many algae companies out there.
However, while press releases look and sound good, nothing highlights the advances of a company, if not the entire field, than the announcement of a multi-million dollar partnership with a larger, well-known, and respected entity.
During this summer we saw just that, with multiple algae companies announcing their partnerships with larger corporations or entities.
To give you a brief overview on these partnerships, first came Algenol with their partnership with Dow Chemical researching algae as an ethanol fuel source. Next came Seambiotic with their announcement that they will be partnering with NASA to develop a jet fuel from algae. Most recently, and probably most importantly, was Exxon Mobil’s $600 million partnership with Synthetic Genomics to conduct extensive research on algae biofuels.