Empowering the Future: Found Energy Raises $12M in Seed Funding to Revolutionize Industrial Carbon Emissions

Found Energy is thrilled to announce that we have successfully raised $12 million in our latest funding round, a crucial step in our mission to revolutionize energy solutions and combat climate change. Founded on the premise of creating sustainable and efficient energy systems, Found Energy is pioneering rechargeable aluminum fuel power systems that target the significant carbon emissions generated by heavy industrial applications, which contribute to a staggering 10% of global CO2 emissions when combined. Our innovative technology, developed at MIT, utilizes metallic aluminum to efficiently split water, enabling the on-site generation of hydrogen and industrial heat. With greater than five times the volumetric energy density of liquid hydrogen, over three times that of methanol and ammonia, and an astounding 25 times that of lithium-ion batteries, our energy delivery systems represent a leap forward in energy storage and transmission capabilities. This funding will empower us to enhance our research and development efforts, scale our operations, and bring our breakthrough solutions to market quicker, addressing critical pain points in renewable energy transmission and storage. At Found Energy, we are committed to partnering with like-minded stakeholders who share our vision of securing a livable and equitable future for our planet. We invite you to join us on this exciting journey towards a more sustainable world as we work to eliminate carbon emissions and pave the way for cleaner industrial practices across the globe.