The long, long (long) road for algae fuel

Earlier this week algae fuel startup Sapphire Energy announced that it’s in the process of raising a whopping $144 million from private investors, which will be used to build out its first commercial demonstration algae farm in New Mexico. That farm could be able to produce 1.5 million gallons of Sapphire’s green crude per year by 2014, says Sapphire’s VP of Corporate Affairs, Tim Zenk.

That might sound impressive, but it’s a far cry from the company’s previous projections. Back in 2009, Sapphire was hoping its algae farm would be able to produce 1 million gallons of green crude per year by 2011, followed by 100 million gallons per year by 2018, and 1 billion gallons per year by 2025. When Sapphire made those projections, the sheer volume was so much more than any of their competitors were putting out there, that I asked if Sapphire was going to be “the gorilla of algae fuel?“

Full Article:

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Soltec Solar Trackers -  SF7 Bifacial

Soltec Solar Trackers - SF7 Bifacial

Soltec manufactures and supplies solar trackers designed and proven for extreme climate conditions, which is an ideal solution for any region's environment. Soltec's trackers are self-powered, requiring no additional PV module or grid-powered connection. Bifacial modules collect energy on both the front and rear sides, capturing reflected irradiance from the ground surface under and around the tracker and from other modules. Depending on site conditions, bifacial yield-gain can reach +30 percent.