Renewable Algal Energy receives $3M for DOE for algal biofuels project

In Tennessee, Renewable Algal Energy announced that it has received a $3 million award under the Department of Energy’s Small Business Innovative Research (SBIR) Phase III Xlerator program for its project entitled “Algal Biodiesel via Innovative Harvesting and Aquaculture Systems. ”

The Phase III Xlerator grants are a ‘first’ for the Department of Energy, and were awarded  to some 33 companies in amounts ranging from $500,000 to $3 million to support clean energy technology commercialization as part of the Department of Energy’s SBIR program.

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