Arguably the world's most famous billionaire dork, Bill Gates, has just plopped some cash down on one of EcoGeek's favorite technologies...algae fuel.
Sapphire Energy, which hopes to create fuel for cars from algae, is undergoing series B financing, and Gates and several other large investment companies brought up Sapphire's total invested capital to $100 M.
That's a pretty good hunk of change, but when you're trying to replace a trillion dollar industry, it's not so impressive.
Algae is especially good at creating fats using only the energy in the sun and carbon dioxide from the air. Some aglaes have been engineered to actually be more fat than algae (sounds like a pretty American idea.) The fat can then be refined into biodiesel with a much smaller footprint than current crops like soy, corn or rape. Tons of new startups are working on this particular solution to our problems, and so far I like what I'm seeing.
Sapphire wants to refine the fats directly into gasoline that could be used in today's vehicles. That possibility is very enticing for investors, as it could go to market immediately. But the best-case estimates predict that Sappire's "Green Crude" won't be on the market for three to five years.
Via CNet Greentech

written by John Martinez, September 18, 2008
I sure don't know the answer, but It'd be nice to know somebody is looking at the question before we get too excited about this ramping up...
written by dbell, September 18, 2008
written by gs, September 18, 2008
written by Mittop, September 18, 2008
1) Algae Biofuel appears to be an excellent choice for biofuel production. Per acre yields in current experiments appear quite high compared to corn, etc.
2) Based on the work done in Algae use in other products (did you know that the red gel in gel caps is produced from Algae, alot of it grown in Hawaii?) a great deal of the water is recovered during the course of the production process. I am not aware of current data on water efficiency, but I speculate that Algae Fuel would be a great candidate for Grey Water use.
3) Has anyone heard anything on the 4th gen versions of these fuels? I am referring to folks like Craig Venter who are working to directly engineer species that produce the fuel in the cell, skipping the harvesting process altogether (you can listen to Craig's talk on TED.com. The little critters actually excrete the fuel directly)?
Oh, love the blog. Keep up the great work!
written by Hadeem, September 23, 2008
written by Some random dog at a keybored, September 24, 2008
Any metrics on output of gas per acre of algae?
Not to worry. At the end of the day we're all going to become soylent green anyway (yum, my favorite!)
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Pratically, once the technology is nailed, it seems far greener than the alternatives, plus it means our lands won't be laid waste to in order to produce the vast quantities of corn we need to both eat and refine.
Aethetically, it's better too as, in theory, algae could actually be grown anywhere, e.g on building roofs, etc, so huge swathes of our lands won't simply be mile upon mile of unending fields of crops.
Finally, technologically, algae should be easier to grow as it isn't so reliant on weather, pesticides, water, etc. It's simply more resilent to the every day problems to which crops are prone.
Let's hope that 3-5 years errs on the cautious side and we see it sooner rather than later.
Steve N. Lee
author of eco-blog http://www.lionsledbysheep.com
and suspense thriller 'What if...?'