Inside Iceland's futuristic farm growing algae for food

Published On Jan 20, 2025, 7:00 PM

Vaxa Technologies, located near Iceland’s largest geothermal power station, is innovating in microalgae cultivation under controlled conditions with renewable energy. Their production focuses on varieties like Nannochloropsis and Arthospira, which are nutrient-rich and have potential in food, animal feed, cosmetics, and biofuels. The use of geothermal energy and CO2 emissions integration contributes to a lower carbon footprint. Despite potential scaling challenges, the growing microalgae market is projected to reach a value of $25.4 billion by 2033, indicating significant investment opportunities in sustainable food production.