Algae biofuels get new opportunity after lull

A recent article in the Voice of San Diego looks at the challenges facing algal fuels and renewables even as local company Cellana signs a big deal with Finnish oil company.

Some of the highlights:

  • Investments in clean energy companies down 55% since 2004
  • Algal fuel still costs roughly twice what fossil fuels cost
  • Cellana deal with Finland’s Neste Oil potentially worth $75M – $100M…depending on their ability to scale-up
  • CleanTech San Diego hopes to spur local communities to integrate renewable fuels into community plans

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