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Algaenergy
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Developer of biotechnology for growing microalgae using CO2 from natural gas power plant

Founded in 2007
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Company type Private Public ()
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Industry Group agriculture & food

Sector algae

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Spain Madrid, Spain
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Updated by Cleantech Group on 08/16/2021

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Date Partner Type
09/29/2011
Iberdrola Iberdrola
Algaenergy and Iberdrola will be commissioning a demonstration plant for cultivation of microalgae at a combined cycle power plant in Arcos
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Confirmed by Iberdrola
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Date Investors Type Amount
11/07/2018 Yokogawa Electric Corporation Yokogawa Electric Corporation (1)
Post-money valuation of
The entry of Yokogawa as a shareholder will enable AlgaEnergy to reinforce its position of international leadership, with the equity investment being used to fund a set of ambitious projects.
 Growth Equity $11,400,000
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