Founded in 2023 by Nick Farandos and Chris Matson, Nernst Electric develops on-site oxygen generation units that use ceramic membranes and solid oxide electrochemistry combined with advanced additive manufacturing. The company says its reactors produce high-purity oxygen (>99%) directly from ambient air, enabling continuous supply without trucked liquid oxygen or conventional PSA/VSA systems. Nernst is currently building and deploying a pilot-scale unit to validate performance under real-world aquaculture conditions and aims to move to commercial customer trials after a successful demonstration. Its technology is positioned for applications beyond fish farming, including mining, metallurgy and steelmaking. Financially, the company has raised a €1.7 million Seed round from Hatch Blue’s Blue Revolution Fund and previously received pre-Seed support from Hatch Accelerator Fund II through Hatch Blue’s accelerator programme.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2026