Alga Energy is developing a photobioreactor plant for the production of biofuels and omega-3 rich oils to generate clean energy.
AlgaEnergy is a technology-based company in the microalgae biotechnology sector that, with powerful R & D programs endowed with millionaire resources -own and public-, is managed by a group of businessmen and scientists of renowned solvency.The mission of AlgaEnergy is to develop, produce and market novel products derived from microalgae -nutritional, agricultural and cosmetic, among others-.Counselor of AlgaEnergy and scientific reference of the company is Prof. Miguel García Guerrero , Professor of Plant Biochemistry and Molecular Biology of the University of Seville, one of the scarce authorities recognized worldwide with more than three decades dedicated to the biotechnology of microorganisms photosyntheticThe leader in renewable energy and the 5th largest electricity supplier in the world, IBERDROLA , is a shareholder and technology partner of AlgaEnergy since its inception.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jul 31, 2009 | Series A | $2M | 1 | Iberdrola | — | Detail |