The international start-up ON Power will soon be starting an algae cultivation facility at Hellisheiði Power Plant just outside of the Reykjavík capital area, RÚV reports. The company’s owners believe that it won’t be long before algae will be a viable source of protein and nutrients which can be added to a variety of food products.
ON Power signed a 15-year contract with fellow start-up company Algaennovation concerning the sale of resources and property near the Hellisheiði power plant to begin their algae cultivation operation.
Microalgae are an important source of nutrients for animals in the wild and an equally viable as a source of vitamins for human beings. In the beginning, says Berglind Rán Ólafsdóttir, ON Power’s corporate market director, the company intends to cultivate microalgae as a food source for bait fish and then incrementally expand into using it in aquaculture, i.e. as food for farmed fish intended for both animal and human consumption.
In the long term, says Algaennovation founder Isaac Berzin, the is not so much to sell algae as a consumable end-product, but rather to treat and process it so that proteins may be extracted from it and added to other foods.