Fish Farm Startup Hopes Deep-Ocean Technology Can Fuel Growth

Bloomberg (05/13/2022)
  • Acquatic fish farming startups such as Forever Oceans have developed specialized enclosures, sensors and robotics that will allow fish farms to operate further offshore.
  • The growing global population has sparked a 527% increase in fish farming since 1990.
  • Up to 90% of fish farms are overfished (available fish supply rapidly depleting).
  • “Fish farmers like Forever Oceans raise hatchlings in big tanks on land, then transport them to open-water farms to mature”.
  • While promising, Forever Oceans’ technology could damage ecological systems (waste dumpage, pesticide usage).