Spring 2026
Posted on 11/30/2025
Produces hydrogen fuel from aluminum waste
No salary listed
Boston, MA, USA
In Person
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
11-50
Company Stage
Seed
Total Funding
$12M
Headquarters
Boston, Massachusetts
Founded
2022
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Health & dental
20 days PTO, 11 holidays, & unlimited sick days
3+ months parental leave
stock options
professional development budget
Non-profit's strategic investment tackles the funding gap between climate innovation and widespread adoption.HONOLULU and SAN FRANCISCO, Dec. 11, 2024 /PRNewswire/ -- Elemental Impact , a leading non-profit technology investor, announced today $18.6 million in investments across 16 companies deploying projects in Texas, Nevada, Oklahoma, Colorado, Tennessee, and international markets.This announcement is part of the non-profit's larger investing strategy that includes initial investments to build a pipeline of critical climate companies and projects, follow-on funding to promising projects with local impact, and the newly announced Greenhouse Gas Reduction Fund (GGRF) program for later-stage commercialized technologies, for which investments are expected to be announced in the new year.These investments represent one of the many ways Elemental continues to tackle the $150B "Scale Gap," a critical challenge and funding shortfall climate companies face during first-of-a-kind (FOAK) and early commercial deployments. While these technologies have proven their potential, this funding gap often results in a lack of necessary capital to scale up these innovations, creating a barrier to the widespread adoption."We are seeing extraordinary demand for capital from entrepreneurs who are ready to scale, but who face a critical funding gap," said Dawn Lippert, CEO of Elemental Impact. "These 16 new investments prove that philanthropy can enable projects in rural towns, Tribal lands, urban areas, and wild ecosystems -- and unlock significant private investment."After vetting more than 7,000 companies this year, Elemental selected companies representing four emerging themes: accelerating the next era of U.S. manufacturing, building a resilient supply chain, strengthening rural and tribal access, and scaling a regenerative food system. They will now join a portfolio of more than 160 companies that have created over 10,000 jobs, all working to scale their solutions and create meaningful economic benefits in local communities
Found Energy Co., a clean energy startup in Charlestown, raised $14.6 million in equity and other securities, including from the conversion of SAFEs, as per a Form D dated May 23. Last month, it closed a $12 million oversubscribed seed round with participation from MassCEC, Munich Re Ventures, Good Growth Capital, and the Autodesk Foundation. The company, founded in 2022 by Peter Godart and Gadi Ruschin, has developed a method to extract energy from aluminum waste.