Aspen Aerogels, Inc. ASPN

Company Overview

Aspen Aerogels, Inc. is a U.S.-based advanced materials company that develops and manufactures aerogel insulation products and thermal barrier technologies. The company operates primarily in the energy infrastructure, industrial insulation, and electric vehicle (EV) battery safety markets. Aspen Aerogels commercializes silica aerogel-based materials designed to provide high thermal performance, fire protection, and energy efficiency while maintaining low weight and thin form factors. Its operations are concentrated in specialty materials manufacturing and thermal management technologies.

The company’s principal revenue drivers are its aerogel insulation product lines for industrial and energy applications and its thermal barrier products used in lithium-ion battery systems for EVs. Aspen Aerogels serves customers in refining, petrochemical, LNG, sustainable building, and automotive markets, including major global automakers and battery manufacturers. The company traces its origins to research commercialized from technology developed at the Massachusetts Institute of Technology and was founded in 2001. Over time, it evolved from a niche industrial insulation supplier into a broader thermal management company focused heavily on EV battery safety solutions and advanced energy applications.