- The Energy Mix - https://www.theenergymix.com -

Big Change at Algenol

Last month Algenol’s CEO and 45 other workers were let go, rather suddenly, in the midst of changes to the company’s near-term strategy. But its two lead investors recommitted to an additional two years of funding. According to Algenol, they have made a shift in the company’s direction which includes divergence from an all-fuels strategy to focus on “water treatment and carbon capture now, and maybe fuels later.”

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