Found Energy

Transforms aluminum waste into hydrogen fuel

Boston, Massachusetts, United States

About Found Energy

Found Energy transforms aluminum waste into a renewable energy source, specifically targeting industries that depend on fossil fuels, like shipping and transportation. The company provides modular Fuel Packs that generate clean hydrogen for vessels. The process starts with low-quality aluminum scrap, which is used in the Fuel Packs. Once depleted, these packs are returned to Found Energy for restocking with aluminum waste. Found Energy sells and services these Fuel Packs at major terminals worldwide, utilizing existing port infrastructure for installation and maintenance. This approach offers a cost-effective solution for clients aiming to reduce their carbon footprint. By providing a renewable energy alternative that competes with fossil fuels in price and energy density, Found Energy supports industries in their decarbonization efforts and plays a significant role in the clean energy transition.

Boston, MassachusettsHeadquarters
2022Year Founded
$11.7MTotal Funding
SEEDCompany Stage
Automotive & Transportation, EnergyIndustries
11-50Employees

Benefits

Health & dental
20 days PTO, 11 holidays, & unlimited sick days
3+ months parental leave
stock options
professional development budget

Risks

Increased competition in hydrogen production could impact Found Energy's market share.
Regulatory changes in shipping may affect Fuel Pack adoption.
Fluctuating aluminum scrap prices could impact cost-effectiveness of hydrogen production.

Differentiation

Found Energy uses aluminum waste to produce hydrogen, a unique renewable energy approach.
Their Fuel Packs offer five times the energy density of liquid hydrogen.
The company targets shipping and transportation industries, focusing on decarbonization.

Upsides

Growing interest in hydrogen fuels boosts Found Energy's market potential.
Decreasing aluminum recycling costs could lower Found Energy's production expenses.
Ports investing in green infrastructure may facilitate Found Energy's technology adoption.