COMPANY PROFILE

Found Energy

Found Energy develops rechargeable aluminum fuel power systems to eliminate carbon emissions from heavy industrial applications

Boston, United StatesFounded 2022Energy

Valuation $25–50M Last recorded · 2024

Headcount <100 Current team size

Total funding $10–50M Disclosed equity funding

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About Found Energy

Found Energy is a pioneering startup focused on transforming aluminum waste into a renewable energy source. The company operates in the renewable energy market, specifically targeting industries that rely heavily on fossil fuels, such as shipping and transportation. Found Energy's primary clients include shipping companies and port operators who are looking to reduce their carbon footprint and transition to cleaner energy sources.

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The business model of Found Energy revolves around its innovative Fuel Packs. These modular Fuel Packs are designed to be installed on vessels, where they generate clean hydrogen to power the journey. The process begins with the acquisition of low-quality aluminum scrap, which is then used as input for the Fuel Packs. Once the Fuel Packs are spent, they are unloaded from the vessel, sent back to a Found Energy production facility, and restocked with aluminum waste, ready to be reused.

Found Energy makes money by selling and servicing these modular Fuel Packs to carriers at leading terminals around the world. The company leverages existing port infrastructure to facilitate the installation and maintenance of its Fuel Packs, making it a cost-effective solution for its clients. By providing a renewable energy source that competes with fossil fuels on both price and energy density, Found Energy offers a compelling value proposition for industries looking to decarbonize.

In summary, Found Energy is at the forefront of the clean energy transition, offering a sustainable and economically viable alternative to fossil fuels. The company's innovative approach to energy transportation addresses a critical gap in the renewable energy market, making it a key player in the fight against climate change.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2022
Headquarters: Boston, United States
Employees: 9
Open positions: None listed
Dealroom signal: 60.4/100
Sub-industry: Clean Energy, Energy Storage
Sector: Energy, Hydrogen, Spinout, Sustainable Development Goals, Industrial Technology, Thermal Energy Storage, Climate Tech, Stationary Energy Storage, Novel Energy
Technology: Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
GRANT✓Other financing	Feb 2026	$350K	—	Massachusetts Clean Energy Center	↗
SEED✓Equity / VC	Apr 2024	$12M	$48M	Massachusetts Clean Energy Center · Munich Re Ventures · Global Innovation Technology Ventures · Autodesk Foundation	↗

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Growth signals

Found Energy website traffic

Latest recorded traffic for Found Energy is 3.1K monthly website visits, down 3.1% over the last three months. Found Energy's team declined 72.7% over the past year.

Latest monthly visits3.1K 3-month web change-3.1% 1-year team growth-72.7%

Monthly website visitsApr 2024–Jul 2026

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