Microalgae have been studied in the laboratory and in mass outdoor cultures for more than a century and our initial understanding of photosynthesis became unravelled in the laboratories of Otto Warburg. The breakthrough in his laboratories came when he started using Chlorella as model organism [1]. As Grobbelaar [2] pointed out, applied phycology and the mass production of microalgae, became a reality in the 1940’s. Since then, microalgae have been grown for a variety of potential applications, such as the production of lipids for energy using flue-gasses, anti-microbial substances, cheap proteins for human nutrition and the production of various bio-chemicals. At present the focus is on bioenergy [3], however, their only real success has been in wastewater treatment. A major frustration for microalgal biotechnologists has been the realization of much lower yields than what is potentially possible from laboratory measurements. The inability to operate photo-bioreactors including raceway ponds, at maximal photosynthetic efficiencies, impacts directly on the economies of scale. Because of this many large-scale projects have not delivered what was predicted and many investors have lost their investments. Richmond’s [4] observation that “Microalga culture however is yet very far from supplying any basic human needs..” is as true today as then and he concluded that “the major reason for this stems from the failure to develop production systems which utilize solar energy efficiently”. A consequence of low yields is high production costs rendering this technology only suited for exclusive high-priced products.