Aspen Aerogels

🔒Aspen Aerogels’ explosion cost $14.2M

The company expects to recover $8.9 million in insurance payments during the third quarter.

🔒Cause determined in Aspen Aerogels explosion; 11 injured workers recovering

Rhode Island’s Office of the State Fire Marshal has determined the cause of Wednesday’s explosion at the East Providence facility.

🔒Aspen Aerogels’ net loss hit $390M in 2025

Aspen cites a drop in electric vehicle demand and production as catalysts for its major net loss of 2025.

Aspen Aerogels hires Braintree executive to lead HR, compliance efforts

Deegan joins the firm from Altra Industrial Motion, a Braintree-based manufacturer of power transmissions.
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Aspen Aerogels axes plans for Georgia electric-vehicle part manufacturing plant

Anticipating a change in the demand for electric vehicles, Aspen Aerogels has cancelled its efforts to construct a manufacturing facility in Georgia.

Northborough industrial building, site of Aspen Aerogels HQ, sold for $19.1M by owner of Natick Mall

A 111,578-square-foot industrial building in Northborough has been sold for $19.1 million to Raith Capital Partners, a New York-based real estate investment firm. 

Aspen Aerogels receives $671M federal loan for planned Georgia facility

Aspen Aerogel’s efforts in developing technologies to reduce the risk from electrical vehicle fires will potentially receive a big boost from the federal government.
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