American Unagi Breaks Ground in Waldoboro

(From The Lincoln County News) Sara Rademaker, Founder & President of American Unagi, recently took part in the ground breaking of a 27,000 square foot eel aquaculture facility in Waldoboro. American Unagi, produces locally sourced, responsibly raised eels. The growth and success of the Maine company has been made possible in part by MTI. Read more »

True Fin raises $1M in its first investment round

(From Maine Startups Insider) True Fin raised $1 million for equipment, inventory, staffing and marketing. The company supplies home chefs and restaurants with premium Gulf of Maine seafood. MTI, Maine Venture Fund, CEI, as well as private individuals are investors in the company. Read more »

Portland tech firm MedRhythms secures $25 million funding round

(From Portland Press Herald) Portland-based, MedRhythms secured $25 million in venture capital funding to expand its operations. The company uses music and artificial intelligence to help people with neurological injuries or diseases. Early support from MTI played a significant role in MedRhythms' growth and development. Read more »

Wiscasset’s Peregrine, partners plan Pittsfield project

(From Wiscasset Newspaper) Peregrine Turbine Technologies, LLC announced an "international collaboration to field a commercial grade, long duration, thermal energy storage (TES) pilot plant." MTI has provided on-going support for the company and its energy conversion and storage technologies.
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Soaring seaweed demand drives York County food processor to quadruple its space

(From Mainebiz) Due to increasing product demand, Saco-based Atlantic Sea Farms will be moving to a larger industrial space in Biddeford. The company's CEO, Briana Warner, rebranded Ocean Approved, Inc. as Atlantic Sea Farms and was the first commercially viable business to introduce domestic, fresh seaweed products to the marketplace. (Ocean Approved, Inc. received early SBIR support from the MTI TAP team.) Read more »

ORPC’s RivGen Power System to be highlighted at 2021 Alaska Regional Meeting

(From NHA Powerhouse) Portland-based company, ORPC Inc.’s first river energy project, RivGen® Power System, has been operating successfully in Igiugig, Alaska. This technology converts a river's kinetic energy into electricity. One of the featured presentations during the National Hydropower Association’s 2021 Alaska Regional Meeting will focus on the RivGen Power System. Read more »