Nernst Electric Secures €1.72 Million in Seed Funding from Hatch Blue

Nernst Electric's Seed Funding Success

Nernst Electric, an Irish startup focused on developing on-site oxygen generation technology for fish farms, has raised €1.72 million in a Seed funding round. The investment was led by Hatch Blue's Blue Revolution Fund, which specializes in supporting companies in the aquaculture industry.

Company Mission and Technology

Founded in 2023, Nernst Electric aims to revolutionize the aquaculture sector by enabling fish farms to produce their own oxygen. This technology not only enhances fish health but also improves the efficiency and sustainability of aquaculture operations. The company employs advanced electrochemistry, 3D printing, and industrial gas expertise to create its innovative solutions.

Chris Matson, Co-Founder & Director of Engineering, and Nick Farandos, CEO, lead the company. Farandos highlighted the significance of their breakthrough technology, stating: "Our reactor technology removes barriers, enabling the most efficient oxygen production at any scale with near-zero maintenance and the industry’s lowest operating costs."

Lead Investor: Hatch Blue

The lead investor, Hatch Blue's Blue Revolution Fund, is known for its focus on aquaculture innovations. Caitriona Kelleher, Managing Director of Early Stage Investments at Hatch Blue, expressed confidence in Nernst Electric's progress: "Since Nernst joined our Accelerator Fund, their progress has been fast and convincing."

Use of Funds

The newly secured funds will be utilized to further develop and deploy Nernst Electric's oxygen generation technology in aquaculture settings. The company plans to enhance its technical capabilities, ensuring a smooth transition from concept to practical application in fish farms.

Looking Ahead

With this Seed funding, Nernst Electric is poised to make significant strides in the aquaculture industry. By addressing the limitations of conventional on-site oxygen generation, the company is set to offer a more efficient and cost-effective solution, benefiting both the environment and the fish farming community.