Algae are a diverse group of photosynthetic organisms that live in both aquatic and terrestrial environments. They can be unicellular, like Chlorella, or multicellular, like red algae. Algae reproduce through vegetative, asexual, and sexual means. They are classified based on characteristics like pigmentation, food storage, and reproduction methods. The major groups of algae include green algae, red algae, golden algae, blue-green algae, diatoms, and brown algae.