The Energy Department recently announced six projects that will receive up to $18M in funding to reduce the modeled price of algae-based biofuels to less than $5 per gasoline gallon equivalent (gge) by 2019.

Source:: http://www.wateronline.com/doc/energy-department-awards-m-to-develop-valuable-bioproducts-and-biofuels-from-algae-0001?atc~c=771+s=773+r=001+l=a