On July 14, 2016, the U.S. Department of Energy (DOE), announced $15 million in funding for three projects that will work to improve algal biomass yields to reduce production costs of algae-based biofuels and bioproducts. The projects include Global Algae Innovations (San Diego, California), Algenol Biotech LLC (Ft. Myers, Florida), and MicroBio Engineering, Inc. (San Luis Obispo, California). These projects will coordinate algae strain improvements through harvesting, dewatering, and downstream processing, resulting in lower cost algae-based biofuels.

[View source.]