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Palmer Labs Awarded U.S. Department of Energy Funding for Algae Biofuel Research
Date:1/14/2010

ating its business here," said Lanty Smith, Chairman of Tippet Capital. "It is precisely the kind of firm which North Carolina needs to attract in today's business climate.  They have reached out to take on-board some of the best and brightest local talent and to make an important impact on the development of new technologies in the Research Triangle."  

Researchers at Palmer Labs are developing innovative methods for harnessing algae to "close the carbon cycle," said Bill Brown, Chairman of Palmer Labs and Duke Law School faculty member. "Our unique approach to algae will help provide a solution to the problem of CO2 emissions and, at the same time, provide algae for both food and energy production."  

Palmer Labs engineers are also designing and testing systems to burn algae to make renewable electricity. "This power system allows us to use algae to turn sunlight -- the ultimate renewable resource -- into electricity," said Dr. Palmer.  "Our system is designed to use biomass, natural gas or coal while capturing virtually all the CO2 emissions at a cost lower than present commercial systems."

"We formed Palmer Labs to help address many of the world's problems," said Prof. Brown.  "As we have seen with the recent U.N. Climate Change Conference in Copenhagen, policy makers are struggling to devise the solutions to the environmental challenges that engulf us.  We believe that technology both delivers and is a powerful, democratizing force."  

DOE announcement: http://www.energy.gov/news2009/8519.htm <
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SOURCE Palmer Labs
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