Department of Energy Department Biofuels Program( Solar Thermal Magazine) September 30, 2014
In support of President Obama’s all-of-the-above energy strategy, the Energy Department today announced up to $25 million in funding to reduce the cost of algal biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. This funding supports the development of a bioeconomy that can help create green jobs, spur innovation, improve the environment, and achieve national energy security.
Department of Energy Department Biofuels Program Funding
The funding announced today will support projects in two topic areas: Topic Area 1 awards (anticipated at 1–3 selections) will range from $5–10 million and focus on the development of algae cultures that, in addition to biofuels, produce valuable bioproducts that increase the overall value of the biomass. Topic Area 2 awards (anticipated at 3–7 selections) will range from $0.5–1 million and will focus on the development of crop protection or carbon dioxide utilization technologies to boost biomass productivity in ways that lead to higher yields of algae.
Picture credit: http://upload.wikimedia.org/wikipedia/commons/0/0a/Algae_fuel_in_a_beaker.jpg