Company Overview
Snapshot
Founded in June 2023 by Dr Shani Keysar and Meytal Katz, electricAlgae operates with 1-10 employees. The company has raised $425,000 across one funding round from one investor. In February 2024, electricAlgae completed a Pre-Seed funding round with i4Valley.
Business overview
electricAlgae is an Energy Tech startup developing a Bioelectric Energy System (BES) that generates renewable energy from macroalgae. This technology harnesses the photosynthetic process of algae to produce electricity for self-use by algae farms, while also enhancing the agricultural seaweed industry. The solution utilizes carbon dioxide from seawater, positioning the company within the Clean Energy Generation, Carbon Capture, Storage, Sequestration, and Utilization sectors.
Strategic signal
In July 2023, electricAlgae participated in the first Blue Tech Summit in Haifa, showcasing its technology for commercializing electrical currents from seaweed. This event, organized by the National Center of Blue Economy in partnership with the Israeli government and the European Union, signals strong institutional validation and a growing market interest in sustainable marine-based energy solutions, indicating potential for strategic partnerships and further development in the blue economy.
Log in to access full profile ›Company Intelligence Q&A
- When was electricAlgae founded and by whom?
- electricAlgae was founded in June 2023 by Dr Shani Keysar and Meytal Katz.
- What is electricAlgae's core technology?
- electricAlgae has developed a Bioelectric Energy System (BES) that generates renewable energy by harnessing the photosynthetic process of macroalgae, utilizing carbon dioxide from seawater.
- What was a key event for electricAlgae in July 2023?
- In July 2023, electricAlgae showcased its technology for commercializing electrical currents from seaweed at the first Blue Tech Summit in Haifa, an event organized by the National Center of Blue Economy in partnership with the Israeli government and the European Union.
- Which investor participated in electricAlgae's Pre-Seed funding round?
- In February 2024, electricAlgae completed a Pre-Seed funding round with i4Valley.
- What is electricAlgae's primary focus in the energy sector?
- electricAlgae focuses on Clean Energy Generation and Carbon Capture, Storage, Sequestration, Utilization by producing bioelectric energy from macroalgae.