Plymouth-based Algal Scientific Corp. has won a Clean Energy Investment Award from the College of Nanoscale Science and Engineering’s Energy and Environmental Technology Applications Center and New York New Energy.
Algal Scientific competed with its presentation at the groups’ New Energy Symposium held in New York City on Aug. 9 and 10.
The presentations featured several emerging cleantech start-ups, who showcased their technologies to an audience of regional and national venture capitalists, private investors, investment bankers, and federal executives.
Winners were selected based on the highest amount of “investment” received from the judging panel, which was given a theoretical budget to disperse the funds to the technologies they thought were most promising.
Winners received a $1,500 cash prize, as well as a chance to participate in the National Renewable Energy Laboratory’s Industry Growth Forum in October.
Algal Scientific manufactures and operates water treatment systems that combine wastewater treatment with biofuel production using the growth of algae. The algae both consume pollution and create biomass that can be converted into a variety of fuels. The process was developed by Michigan State University doctoral student Geoff Horst, who is Algal’s chief science officer. The company has also won a $65,000 clean energy prize in a competition sponsored by DTE Energy.
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