The U.S. Department of Energy (DOE) announced up to $25 million in funding to reduce the cost of algal biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019. On behalf of the Bioenergy Technologies Office (BETO), the DOE Office of Energy Efficiency and Renewable Energy posted a notice of a funding opportunity, entitled "Targeted Algal Biofuels and Bioproducts" (TABB). The TABB Funding Opportunity Announcement (FOA) looks for pathways to overcome the key barriers to commercializing algal biofuels: the high cost of producing algal biomass and the low yield of target biofuel and bioproduct feedstocks produced from algae. Specifically, the TABB FOA will support: (1) the development of algae cultures that produce valuable bioproducts alongside fuels to increase the overall value of the biomass; and (2) the development of crop protection and carbon dioxide utilization technologies to boost culture productivity and yield to reduce the cost of the biomass. There will be an information webinar on October 8, 2014. Information on the webinar is available online.