A tip to Earth2Tech for pointing me in the direction of a blog by Martin Tobias, an angel investor and former CEO of Imperium Renewables who has a lot to say about the young crop of algae biofuel companies. The general take is overall skepticism acknowledging it will be difficult to take successes from a lab setting and scale out into full blown fuel producing ventures. Martin did say his favorite is Sapphire Energy which recently raised 50 million from ARCH Venture Partners, the Wellcome Trust and Venrock. Have a look at the full article from Earth2Tech
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A Look at the Algae Biofuel Companies From An Insider
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Clean Tech Bubble To Burst?
Srikant RajanWith everybody desiring a share of the "green pie" ,the clean tech market now seems to be overheating.The year 2006 saw 29,874 scientific journal articles , and 4,093 U.S. patents focused on clean tech.In addition with new startups coming all too frequently their total number now stands at nearly 1500 .It hence seems probable that some of these idealistic companies would tumble down. For instance , recently the Seattle based biofuel company Imperium Renewables sought to withdraw its public offering in January 2008 ,followed by biodiseal company Renewable Energy Group, Iowa, withdrawing its IPO in March 2008.However the good news seems to be the fact that there is a great deal of tangible progress being made in the clean tech technology domain.And even if the "cleantech bubble" does burst the ground realities of global warming and rising fuel prices do not change.
