ASPN

Aspen Aerogels, Inc. is a technology company that designs, develops, and manufactures aerogel-based insulation and energy solutions for the building products, industrial, and electric vehicle thermal barrier markets. The company's proprietary aerogel technology provides superior thermal insulation, fire protection, and energy efficiency in a thin, flexible format. Aspen's products include PyroThin thermal barriers for electric vehicle battery packs (preventing thermal runaway propagation), Spaceloft building insulation, and Cryogel and Pyrogel industrial insulation for energy infrastructure. The EV thermal barrier market represents the company's largest growth opportunity, with multiple automaker partnerships. Founded in 2001 and headquartered in Northborough, Massachusetts, Aspen Aerogels has commercialized aerogel technology originally developed by NASA. The company benefits from EV battery safety requirements, building energy efficiency mandates, and industrial insulation demand while scaling manufacturing capacity and transitioning toward higher-margin EV applications.