OOIL: Moving beyond algae farms. A firm order for an Algae Appliance and the potential of a new paradigm in the use of algae.
Ian Gilson, CFA
OriginOil (OOIL) has received a firm order for an Algae Appliance and associated equipment (the appliance is outlined later in the report) from its French joint venture Ennesys. The demonstration unit will be tested in La Defense, NW of Paris, France as a proof of concept that algae production in a large building complex will achieve a positive energy balance. The algae will absorb a large amount of CO2 and provide clean energy to the complex. France has an ambitious government mandate that all new buildings must generate more clean energy than they consume and must purify and recycle water naturally.
Since May 201, Ennesys has been involved in discussions regarding the potential integration of wastewater algae production in two very large building projects in the Greater Paris region as well as in other French cities.
This order could signal a new paradigm in the generation of clean energy through the use of algae.
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