Investment shift for algae biofuels to see market grow 43.1% annually

Renewable Energy Focus

30 July 2012

Algae biofuels technologies are ripe for double-digit growth potential over the short term, claims a new study.

According to energy research firm SBI, algae biofuels will post a compound annual growth rate of 43.1% that will lead the market to $1.6 billion in 2015

“Investment into algae biofuels is shifting as government grants, which were a major funding source in 2009 when over $100 million in funding from the US Department of Energy was distributed, is being replaced by strategic partnerships and slowly growing internal company revenues,” it says.

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