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