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Energy Tech Seed Founded 2022

Found Energy

Found Energy provides hydrogen storage solutions, specializing in converting aluminum waste into carbon-free fuel through a proprietary process that delivers hydrogen and direct process heat at adjustable flow rates, pressures, and temperatures. The company's technology centers on modular fuel packs that generate hydrogen on-demand from aluminum-based feedstock, enabling a safe, transportable, and scalable approach…

📍 Boston, United States · Energy Storage Tech,

Funding snapshot

Last roundSeed
Amount$15M
Date25 January 2024
Total raised$17M
Team size9

About

Found Energy provides hydrogen storage solutions, specializing in converting aluminum waste into carbon-free fuel through a proprietary process that delivers hydrogen and direct process heat at adjustable flow rates, pressures, and temperatures. The company's technology centers on modular fuel packs that generate hydrogen on-demand from aluminum-based feedstock, enabling a safe, transportable, and scalable approach to hydrogen energy storage and generation without the need for compressed gas infrastructure. By utilizing aluminum waste as a feedstock, Found Energy's process simultaneously addresses waste management challenges while producing clean energy, creating a circular economy model for hydrogen production. The modular design of the fuel packs allows for deployment across various industrial applications where hydrogen is needed as a fuel or feedstock, with the ability to tune output parameters to match specific operational requirements. Founded in 2022 and headquartered in Boston, Massachusetts, Found Energy has raised $16.6M in seed funding from investors including Kompas, Munich Re, Good Growth Capital, Autodesk, J-Impact Fund, Global IoT Technology Ventures, MassCEC, Climate Capital, and Collab Fund.

Business model

Energy Storage Tech > Hydrogen > Hydrogen Generation > From Wastewater > Using Aluminium,

Water and Wastewater Management Tech > Water Treatment > Commercial > Advanced Microbial > Hydrogen Production

Institutional investors

Kompas Munich Re Good Growth Capital Autodesk J-Impact Fund Global IoT Technology Ventures Masscec Climate Capital Collab Fund

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