2007 Finalist - Transportation Category
New American Energy, Inc., d/b/a Mighty Algae Biofuels
Farms algae for biodieselMighty Algae Biofuels farms algae for biodiesel. Using low-cost manufacturing methods and our proprietary bioreactor, our company promises to produce algal oil as a competitively priced alternative to petroleum-based diesel. Specializing in algal farming will enable us to adapt to and leverage technological advances furnished even by perceived competitors in algal biofuels generation (i.e., companies seeking to develop new strains through genetic modification). As a team of repeat entrepreneurs, scientists and engineers, we are well positioned to succeed in this venture.
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