Aurora Biofuels: 50 Hottest Companies in Bioenergy candidate profile

50 Hottest Companies in Bioenergy:  Aurora Biofuels www.aurorabiofuels.com

Based in: California
2008-09 Ranking: #30

Business: Aurora burst onto the scene in June 2008 with the announcement that it had raised $20 million in series A financing from Oak Investment Partners, Noventi and Gabriel Venture Partners. Gabriel and Noventi had participated in a seed stage round. Aurora plans to use technology developed by Berkeley professor Tasios Melis for an open-pond algae production system, and will produce biodiesel from algae. The company says that its process reduces the cost of biodiesel production by half, compared to current methods.

Model: Owner-operator

Metrics: Aurora announced this spring with a targeted $1.30 cost for algae in its second-generation technology, due in 2013.

More on Aurora

Aurora Biofuels announces doubled algae production in open pond systems

Aurora Biofuels: In Florida, the panther roars as a little-seen algae producer targets $1.30 algae fuel “at the gate”

The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.

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