It's jobs, it's economics, it's sustainability, and now its booming. Based on optimistic speculation, high risk companies are turning regions of the US into research hubs in hopes of discovering a legitimate process for utilizing algae as an alternative to fossil fuel. But is the risk too high?
Algae, as an energy source, has been tampered with since the 90's. For years, researchers have understood its potential and have wanted to explore the extent of the autotrophic organisms, but have lacked the capital to make any sort of headway.
Now, with the boom of hybrid cars, awareness of alternative energy sources, and dwindling supply of fossil fuels like oil, algae research is making its way onto corporate and even government budgets.