On July 9, 2015, the U.S. Department of Energy (DOE) announced $18 million in funding for six projects to develop bioproducts and biofuels from algae. The funding is intended to reduce the cost of algae-based biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019 to help reach DOE's target of $3 per gge for advanced algal biofuels by 2030. The projects that were selected for the funding are run by Producing Algae...
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August 22, 2014
DOE Announces Intent To Issue Funding Opportunity For Algae Biofuels And Bioproducts
On August 20, 2014, the U.S. Department of Energy (DOE) announced that it intends to issue a Funding Opportunity Announcement (FOA) sometime in September to help reduce the cost of algae biofuels and bioproducts. DOE explains in the announcement that the Agency's Bioenergy Technologies Office's (BETO) "2019 projected state of technology for the cost of algal biofuels is modeled at about $7 per gallon gasoline gallon equivalent, without valuable co-products such as animal feed or...