According to filings with the U.S. Securities and Exchange Commission, Found Energy is raising up to $14,622,692.00 in new funding. Sources indicate that as part of senior management President and Chief Executive Officer, Peter Godart played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Found Energy
Found Energy is a Boston-based, clean energy company producing a carbon-free fuel that is lower-cost and more energy-dense than fossil fuels. This will enable us to decarbonize the most challenging and carbon-intensive industries which are unaddressed by existing technology portfolios. Our technology uses metallic aluminum as the carbon-free fuel to produce hydrogen on-demand for less than $0.50 per kilogram and at five times the volumetric energy density of liquid hydrogen. Originally spun out of MIT, we are now scaling and translating our hydrogen generation technology to both commercial and humanitarian applications, taking on both the causes and effects of climate change. In the long term, our technology positions aluminum and other materials as carbon-free energy carriers that address the often overlooked problem of renewable energy transportation. At Found Energy, we believe in securing a livable and equitable future for our planet, and we are looking for talented people who are motivated by this goal to join us. At Found Energy, we believe in securing a livable and equitable future for our planet, and we are looking for people motivated by this goal to collaborate with us.

To learn more about Found Energy, visit http://www.found.energy/

Contact:
Peter Godart, President and Chief Executive Officer
201-315-9955
https://www.linkedin.com/in/petergodart/

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