In the recent years, polyborate anions have been considered as possible candidates for energy. In aqueous solutions, they have been studied as either hydrogen carriers or anodic fuels. In the solid state (as an alkali salt), they have been seen as solid electrolytes. Herein, we focus on sodium 1-oxa-nido-dodecaborate NaB11H12O, a novel possible candidate for the aforementioned applications. The compound is soluble in water, and its stability depends on pH: under acidic conditions, it readily hydrolyzes while liberating hydrogen, and under alkaline conditions, it is stable, which is a feature searched for an anodic fuel. Over bulk platinum, gold, or silver electrode, oxidation takes place. The best performance has been noticed for the silver electrode. In the solid state, NaB11H12O shows Na+ conductivity at a high temperature of up to 150 °C. All of these properties are presented in detail, and hereafter they are discussed while giving indications of what have to be developed to open up more realistic prospectives for NaB11H12O in energy.