U.S. News and World Report: Iowa energy officials have approved more than $2 million for an effort to grow algae at a southwest Iowa ethanol plant and use the material to make fuel. The 18-member Iowa Power Fund Board approved the $2,085,000 grant to assist in the commercialization of algae production technology. The project by BioProcessAlgae LLC, is a joint effort by Omaha, Neb.-based Green Plains Renewable Energy and three other companies. Scott Poor, corporate counsel for Green Plains, said the …