Algasol Renewables: Proprietary low-cost algae photobioreactor for biofuels Algasol Renewables SL is a focused technology development company located in a science park, ParcBIT, in the Balearic Islands (Spain) with a unique technology for low-cost cultivation of micro algae in a closed environment – a technology that can be deployed both on land, in the desert and at sea. tags : algasol , algasol renewables , biofuel , greenmonktv National Grid report says it can handle variable