In the current agricultural climate, the volatility of synthetic fertilizer prices and their environmental impact are pushing innovators to seek sustainable alternatives. Nick Sokol, the mind behind Algaeo, is making strides in this field by offering a technology that enables farmers to produce organic fertilizers from microalgae – directly on their farms. This not only enhances soil quality but also tackles the critical issue of global food security, especially for small-scale farmers struggling with the high costs of conventional fertilizers.
As reported by Oak Ridge National Laboratory, Sokol, a member of Cohort 2024 of Innovation Crossroads, works closely with ORNL researchers. They are developing organic fertilizer blends that are intended to be more beneficial for various crops. This collaboration allows them to fine-tune application rates for different crops, soil types, and growing conditions, aiming to optimize the product for farmer's diverse needs. Acknowledging the collaboration's benefits, Sokol mentioned, "ORNL provides a lot of opportunity to utilize resources to not only test different blends that could be beneficial for different crops, but also look at the response of these crops when treated with the blends."
Algaeo's technology offers a stark contrast to the synthetic fertilizers on the market today. While traditional products are reliant on petroleum and contribute to air pollution and greenhouse gases, Algaeo's organic blends support soil health and plant growth by capturing carbon dioxide and nitrogen from the atmosphere. Beyond the environmental benefits, this innovation promises a stable alternative to the fluctuating prices and supply concerns that farmers face.
Furthermore, Sokol's fellowship through Innovation Crossroads also includes mentorship to help build his business model. This involves guidance on funding strategies and pitch practice, essential for the growth and success of an emerging entrepreneur. "I want to be in that space where I can do work that will benefit people," Sokol told Oak Ridge National Laboratory in an interview. He emphasized the importance of fertilizer not just for farmers, but also for their customers and society at large.
