Found Energy Closed $12 Million Seed Round to Develop Aluminum‑powered Reactors

Deal Summary

Found Energy, a Boston startup developing aluminum‑water reactors for zero‑carbon heat and hydrogen, closed a $12 million seed round last year to scale R&D and pilot larger 100 kW engines. The funding supported growth into a two‑floor R&D facility and continued development toward industrial pilot installations in 2026.