Simplify Logo
Found Energy

Found Energy

Transforms aluminum waste into hydrogen fuel

About

Found Energy transforms aluminum waste into a renewable energy source, specifically targeting industries like shipping and transportation that rely on fossil fuels. The company provides modular Fuel Packs that generate clean hydrogen for vessels. These Fuel Packs use low-quality aluminum scrap as input, and once spent, they are returned to Found Energy for restocking. This model allows shipping companies and port operators to reduce their carbon footprint while utilizing existing port infrastructure for installation and maintenance. Found Energy differentiates itself by offering a cost-effective solution that competes with fossil fuels in terms of price and energy density. The goal is to facilitate the clean energy transition and support industries in decarbonizing their operations.

Company Stage

Seed

Employees

11-50

Industries

Automotive & Transportation, Energy

Total Funding

$31.3M

Headquarters

N/A

Founded

2022


Simplify Jobs

Simplify's Take

What believers are saying

  • Recent funding rounds totaling $26.6 million indicate strong investor confidence and provide substantial capital for growth and innovation.
  • The innovative use of aluminum waste not only addresses energy needs but also contributes to waste reduction, enhancing the company's sustainability credentials.
  • Partnerships with major investors like Munich Re Ventures and the Autodesk Foundation could open doors to further strategic collaborations and market expansion.

What critics are saying

  • The technology's reliance on aluminum waste availability could pose supply chain challenges and affect scalability.
  • The shipping industry's slow adoption of new technologies may delay widespread implementation and revenue generation.

What makes Found Energy unique

  • Found Energy uniquely transforms aluminum waste into renewable hydrogen fuel, a novel approach in the renewable energy sector.
  • Their modular Fuel Packs offer a cost-effective and scalable solution for the shipping industry, leveraging existing port infrastructure for easy adoption.
  • The company's focus on decarbonizing heavy industries like shipping sets it apart from other renewable energy startups that target more conventional markets.

Help us improve and share your feedback! Did you find this helpful?


Growth & Insights
Headcount

6 month growth

121%

1 year growth

121%

2 year growth

121%

Benefits

Health & dental

20 days PTO, 11 holidays, & unlimited sick days

3+ months parental leave

stock options

professional development budget

Recently Posted Jobs

Sign up to get curated job recommendations

Found Energy is Hiring for 0 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Found Energy's jobs every 8 hours, so check again soon! Browse all jobs →