Norwegian marine company Nekkar has been awarded NOK 10 million (€997,208/$1.1 million) from the government's national development bank, Innovation Norway, to develop its closed-cage fish farming project, in partnership with a "renowned fish farmer."

Nekkar's new technology will reportedly reduce the amount of required capital while increasing production control and efficiency and improving fish welfare and growth. It also aims to reduce the risk of fish escapes with a "dual safety" mechanism.

The development and piloting phase continues until 2023.