Found Energy

Found Energy develops rechargeable aluminium-fuel power systems that convert metallic aluminium - including low-grade material and scrap - into hydrogen, steam and valuable mineral byproducts on demand at the point of use. The approach is aimed at industrial heat and power applications that electrification cannot readily reach, a market the company estimates at roughly 30% of industrial activity. By generating hydrogen where it is consumed, the systems avoid the transport and storage costs associated with conventional hydrogen supply.

Founded in 2022 and based in Boston, Found Energy operates as the energy business unit of Found Industries. The company has scaled prototypes more than 100-fold and completed a 100 kW power-system pilot, built alongside a vertically integrated catalyst production plant. Its systems operate at more than five times the volumetric energy density of liquid hydrogen. Pilot deployments are under way in the United States, with further markets advancing.

Employing roughly 30 people, the company brings together electrochemists, process engineers, mechanical and controls engineers, and industrial specialists, with backgrounds including MIT, NASA JPL, Shell, Lockheed Martin and Hydro. Found Energy raised $12m in seed funding in 2024. Technical work spans electrochemistry, metal-fuel energy conversion, on-demand hydrogen generation, catalyst production and industrial heat and power systems.