The U.S. Department of Energy has announced the investment of up to $24 million for three research groups to tackle key hurdles in the commercialization of algae-based biofuels. The selections will support the development of a clean, sustainable transportation sector -- a goal of the Department's continued effort to spur the creation of the domestic bio-industry while creating jobs. Developing cost-effective renewable transportation fuels is a key component of the Administration's strategy to cut greenhouse gas emissions and move the Nation toward energy independence.
"Partnerships such as these focus the creative powers of the public, private, and academic sectors on key challenges facing the development of renewable energy for transportation," said Assistant Secretary for Energy Efficiency and Renewable Energy Cathy Zoi. "The United States must find effective ways to hasten the development of technologies for advanced biofuels made from algae and other renewable resources to reduce our need for foreign sources of oil." Zoi made the announcement while speaking today at the Biotechnology Industry Organization (BIO) 2010 World Congress on Industrial Biotechnology and Bioprocessing.