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Found Energy
https://www.found.energy/Last activity: 12.12.2024
Active - Reference to Found Industries
Found Energy is building rechargeable aluminum fuel power systems aimed at eliminating carbon emissions from heavy industrial applications ranging from industrial heating (7% of global CO2 emissions) to maritime shipping (3% of global CO2 emissions). Building off technology developed at MIT that enables metallic aluminum to split water, our energy delivery systems safely generate hydrogen and/or industrial heat on-site at >5x the volumetric energy density of liquid hydrogen, >3x that of methanol and ammonia, and >25x that of Li-ion batteries. By integrating storage, transport, and generation into a single package, our technology solves some of the biggest pain points in renewable energy transmission and storage. At Found Energy, we believe in securing a livable and equitable future for our planet, and we are looking for partners who are motivated by this goal to join us.
Overview
Location
United States, Massachusetts, Boston
Employees
11-50
Total raised
$12M
Founded date
2022
Investors 3
| Date | Name | Website |
| Sign up to see | Sign up to see | Sign up to see |
| Dec 12, 2024 | Elemental Impact | elementalimpact.com |
| Jan 4, 2024 | Collab Fund | collabfund.com |
Funding Rounds 1
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
Mentions in press and media 6
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Apr 18, 2024 | Found Energy Revolutionizes Industrial Decarbonization | 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 alumi... |
| Apr 18, 2024 | Found Energy raise $12M Seed Round to extract energy from aluminium waste | Cleantech Found Energy have raised a $12M Seed Round led by Glenfield Partners. KOMPAS VC also participated in the round. Found Energy’s technology is able to extract carbon-free energy from various aluminium feedstocks, with an aluminum hy... |
| Apr 17, 2024 | Found Energy Closes $12M Seed Funding | Found Energy, a Boston, MA-based cleantech startup building industrial decarbonization solutions, raised $12M in Seed funding. Backers included KOMPAS VC, Munich Re Ventures, Good Growth Capital, the Autodesk Foundation, J-Impact, GiTV, Mas... |
| Apr 17, 2024 | How Found Energy went from ‘self-cannibalizing robots’ to cleaning up heavy industry | Found Energy doesn’t have the typical startup origin story: It began with a space robot that was supposed to eat itself. Now, the company is developing that same technology with an eye toward powering aluminum smelters and long-haul shippin... |
| Found Energy | “Found Energy's aluminum-thermal power systems extract renewable energy from aluminum at double the energy density of diesel and at a competitive cost. Compact, modular, safe, and carbon-free, our technology makes industrial decarbonization... |
Reviews 0
FAQ about Found Energy
When was Found Energy founded?
Found Energy was founded in 2022.
How much funding has Found Energy raised?
Found Energy has raised $12M in total across 1 funding round.
Who has invested in Found Energy?
Parsers VC lists 3 investors of Found Energy, among them Elemental Impact and Collab Fund.
What has the press written about Found Energy?
Parsers VC has collected 6 articles mentioning Found Energy, among them “Found Energy Revolutionizes Industrial Decarbonization” (Apr 18, 2024) and “Found Energy raise $12M Seed Round to extract energy from aluminium waste” (Apr 18, 2024).
Is Found Energy still active?
Yes, Found Energy is active; its latest activity on Parsers VC dates from Dec 12, 2024.