Renewable Energy World: At the Energy Department's National Renewable Energy Laboratory (NREL), and at dozens of other labs nationwide, algae are like a junior high kid with great promise: slow to arise, but packed with energy for the long haul. It may take years, but eventually the great expectations can be reached.
A gallon of fuel made from algae currently costs about quadruple the cost of a gallon of conventional diesel. But looking long term, algae are an inexhaustible resource that if used as a substitute for fuels would slash the amount of carbon dioxide in the atmosphere — and costs are dropping.
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