Algaennovation, the Israel – based algal production company, have recently signed a contract with Icelandic ON Power to use electricity generated from geothermal energy for the production of microalgae. The cultivation facility has been developed at the Geothermal Park in Hellisheidi and will utilise the locally abundant geothermal energy to enable carbon negative production of the algae. Once fully operational next year, Algaennovation are intending to produce feeds rich in Omega-3 oils and protein for the aquaculture market….read full details
