Introduction of New Leadership
Aspen Aerogels introduced two key additions to its leadership team: Grant Thoele as CFO and Glenn Deegan as Chief Administrative Officer, bringing significant operational, transactional, and integration experience.
Design Award from European OEM
Aspen won a battery design award from a major European OEM, expected to ramp in 2027, demonstrating potential growth in the European market.
Energy Industrial Segment Growth
The Energy Industrial segment is stabilizing and expected to grow in 2026 with substantial subsea project revenue and a return to robust sales, indicating a positive trajectory.
Battery Energy Storage Systems Opportunity
Shifting to higher-density LFP designs in grid-scale storage presents a new opportunity for Aspen's PyroThin thermal barrier technology, with potential contributions to revenue in 2026.