Herein, we report the synthesis of activated biochar from green algae and the effect of its doping on the structural, photocatalytic, and energy storage properties of PEDOT-PSS. The morphology of pure and doped samples was investigated with Fourier Transform Infrared Spectroscopy (FTIR), Atomic Force Microscopy (AFM), Brunauer–Emmett–Teller (BET) analysis, and thermogravimetric analysis (TGA). AFM results for PEDOT-PSS@6wt.% of BC indicate that the calculated average peak height, particle size, and roughness were 283 nm, 136 nm, and 71 nm, respectively. Adding biochar to PEDOT-PSS significantly improved the thermal stability of PEDOT-PSS up to 550 °C. The novel photocatalyst PEDOT-PSS@6wt.% BC improved photocatalytic performance by approximately 17% in Methylene Blue (MB) dye removal. The electrochemical performance in terms of supercapacitors for the synthesized samples was investigated using cyclic voltammetry (CV), galvanostatic charge–discharge (GCD), specific capacitance, stability, and electrochemical impedance spectra (EIS). PEDOT-PSS@6wt.% of BC as a novel electrode material in supercapacitors exhibits an initial specific capacitance of 1300 Fg−1. Moreover, the PEDOT-PSS@6wt.% of BC electrode shows excellent stability up to 1000 cycles of operation. The EIS studies suggest the presence of charge transfer resistance. Considering the economical biosynthesis and multifunctional features, the PEDOT-PSS@6wt.% of BC could potentially be used as a photocatalyst to remove organic dyes and supercapacitors in energy storage applications.