Found Energy Revolutionizes Industrial Decarbonization
April 18, 2024, 9:42 pm
Found Energy
Location: United States, Massachusetts, Boston
Employees: 11-50
Founded date: 2022
Total raised: $12M
Found Energy, a Boston-based cleantech startup, has secured a $12M Seed funding round to further develop their innovative technology that extracts carbon-free energy from aluminum feedstocks. Led by CEO Dr. Peter Godart, the company's aluminum-thermal power system generates industrial heat, hydrogen, and alumina trihydrate on-site, offering a sustainable alternative to fossil fuels. Investors like KOMPAS VC and Glenfield Partners believe in Found Energy's mission to accelerate heavy industry's transition towards a greener future. With plans to deliver pilot systems to early adopters and scale their technology for industrial production, Found Energy is poised to make a significant impact in the fight against climate change.