Picochlorum celeri has among the fastest photoautotrophic growth rates (similar to 2 h doubling time in optimal conditions) reported to date for a marine alga. This study comprehensively analyzes the levels of Picochlorum celeri photosynthetic pigments, which can reach up to similar to 13% of the total particulate organic carbon (POC) under lightlimiting conditions. The main Picochlorum celeri pigments identified include: chlorophyll a, chlorophyll b, lutein, fl-carotene, canthaxanthin, violaxanthin, neoxanthin, zeaxanthin and antheraxanthin. The ketocarotenoid canthaxanthin can accumulate up to 120 mg L-1 in Picochlorum celeri liquid culture; similar to 12% of it was found in an extracellular polysaccharide matrix. Using a solar-simulating automated photobioreactor, we monitor the photoacclimation of cultures maintained in unshaded conditions (<0.5 mu g mL(-1) of total chlorophyll) through transitions from high irradiance (1000 mu moles photosynthetically active radiation (PAR) m(-2) s(-1)) to low irradiance (60 mu moles PAR m(-2) s(-1)), and conversely from low to high irradiance. Canthaxanthin and zeaxanthin accumulation are among the most rapid modulation responses when cultures are shifted from low to high irradiance. The violaxanthin, antherazanthin, and zeaxanthin (VAZ) pool is similar to 3-fold higher in high-light cultures, suggesting that the VAZ cycle combined with a dramatic reduction in chlorophyll levels are among the major mechanisms used in Picochlorum celeri to efficiently acclimate to high-irradiance levels. Responsive pigment modulation was also observed in denser cultures (similar to 0.65 g L-1) grown under a diel cycle (pond-mimicking conditions). This research provides unique insights into the dynamics of pigment modulation and photoacclimation in response to changing irradiance in a biotechnologically promising alga and will inform future pigment engineering strategies to further improve light capture and biomass accumulation.