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Bill Gates Invests in Algae Fuel

Posted on September 18, 2008

Arguably the world's most famous billionaire dork, Bill Gates, has just plopped some cash down on one of EcoGeek's favorite technologies...algae fuel.Sapphire Energy, which hopes to create fuel for cars from algae, is undergoing series B financing, and Gates and several other large investment companies brought up Sapphire's total invested capital to $100 M.That's a pretty good hunk of change, but when you're trying to replace a trillion dollar industry, it's not so impressive.Algae is especially good at creating fats using only the energy in the sun and carbon dioxide from the air. Some aglaes...

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biodiesel , greentech