on ThermaGEL Innovations, Inc.
ThermaGEL Innovations Advances Aerogel Technology for Building Insulation
ThermaGEL Innovations has made significant progress in enhancing aerogel technology, delivering new levels of efficiency and affordability in insulation for commercial building retrofits. Operating from Richmond, Virginia, the company has developed a range of aerogel-based insulation panels featuring improved properties such as fire, mold, and moisture resistance, which are critical to achieving Zero Net Energy goals and complying with strict environmental regulations.
The company's Chief Technology Officer, Dr. Massimo Bertino, indicated a 20% increase in thermal effectiveness of their insulation panels while reducing costs by the same percentage. ThermaGEL is working towards reducing its carbon footprint with the development of bio-based aerogels, aiming to transform insulation economics substantially.
According to Everett Carpenter, the Chief Operating Officer, ThermaGEL is focusing on meeting the needs of commercial buildings by enhancing thermal insulation and reducing carbon emissions. The company projects further cost reductions in their products, with prices expected to drop below $2.00 per square foot by Q4 2025 and under $1.50 by 2026.
With this technology, ThermaGEL is set to impact the global construction market significantly, aiming to reduce the $150 billion lost annually due to inefficient building insulation. ThermaGEL’s solutions are poised to offer cost savings and environmental benefits, making a substantial impact on the industry.
R. P.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all ThermaGEL Innovations, Inc. news