Found Energy converts aluminum waste into hydrogen fuel using modular Fuel Packs installed on vessels. The packs generate clean hydrogen to power ships, and spent packs are sent back to Found Energy facilities to be restocked with aluminum waste for reuse. The company earns revenue by selling and servicing these Fuel Packs at leading ports worldwide, leveraging existing port infrastructure for installation and maintenance. Its approach differentiates itself by turning low-quality aluminum scrap into the energy supply and by offering a portable, serviceable hydrogen solution that integrates with port operations, aiming to provide a cost-effective alternative to fossil fuels in shipping and transportation. The goal is to accelerate the decarbonization of heavy industries by delivering a renewable, ship-ready energy source with scalable delivery through port networks.
Company Size
1-10
Company Stage
Grant
Total Funding
$12.4M
Headquarters
Boston, Massachusetts
Founded
2022
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