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.
Location: United States, Massachusetts, Boston
Employees: 11-50
Total raised: $12M
Founded date: 2022
Investors 1
| Date | Name | Website |
| 04.01.2024 | Collab Fun... | collabfund... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 22.04.2024 | Seed | $12M | - |
Mentions in press and media 6
| Date | Title | Description |
| 22.04.2024 | Found Energy raises $12 million | Found Energy, Found Energy Founded: 2022 Headquarters: Boston, Massachusetts, United States Total Funding: $12M See full company profile "> a cleantech startup building industrial decarbonization solutions by extracting clean energy... |
| 18.04.2024 | 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... |
| 18.04.2024 | 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... |
| 17.04.2024 | 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... |
| 17.04.2024 | 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... |
| - | 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... |