DOE invests $8M in four algae-based bio-based projects

In Washington, the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management (FECM) announced $8 million in federal funding for four projects to develop and test technologies that capture and utilize carbon dioxide (CO2) from power systems or other industrial sources to create valuable products and services, biomass and bi-products. Using algae, the selected projects will develop conversion technologies to decrease emissions, helping to reach the Biden-Harris Administration’s goal of net zero emissions by 2050.