DOE grant and private capital raise to help scale its
thin-glass, advanced window businesses
LOUISVILLE, Colo., June 18,
2024 /PRNewswire/ -- Alpen High Performance Products
(Alpen), the leading American manufacturer of high-performance
window and door technologies, today announced a combined
$18 million funding raise designed to
help scale its award-winning window, door, and glass businesses.
The funding is anchored by a $5.9
million grant from the Department of Energy (DOE) that was
awarded as part of the Bipartisan Infrastructure Law and Inflation
Recovery Act (BIL/IRA). The DOE grant catalyzed an additional
$12.1 million of private capital.
"The world is waking up to the critical importance of windows in
decarbonizing buildings. Alpen's goal is to scale the advanced
window market by manufacturing affordable, ultra-efficient windows
and glass right here in the United
States," said Alpen CEO Andrew
Zech. "The funding is a great example of the power of
public-private partnership. For the last five years, Alpen
partnered with the DOE's national lab system and the General
Services Administration (GSA) to pioneer and test the use of
ultra-thin-glass as a lightweight insulator in windows. Having
proven the technology, the DOE grant and matching private capital
will accelerate deployment in the market."
In addition, Alpen's ability to scale its thin-glass window
technologies will also help the company create hundreds of new jobs
in American communities impacted by coal plant and coal mine
closures. According to the White House, the BIL/IRA was established
to address the "existential threat of the climate crisis and set
forth a new era of American innovation and ingenuity to lower
consumer costs and drive the global clean energy economy
forward."
"We believe Alpen can serve as a success story for that
mission," said Zech. "Our thin glass units help the entire industry
by providing manufacturers with high performance, energy efficient
thin glass without requiring any changes to their existing designs.
We want to keep America at the vanguard of advanced building
science, and we want to make advanced windows affordable for
all."
For more information about Alpen, please click here.
About Alpen High Performance Products
For over forty years, Alpen has pursued a quest to transform the
built environment in the United
States by designing windows, doors and architectural glass
that continue to raise the bar on performance. We specialize in
leveraging advanced materials and innovative design to ensure
exceptional performance for both commercial and residential
applications. Our products rank among the most efficient and
durable solutions in North America
and beyond. Please visit Alpen's website to learn more.
Media Contact:
REID WEGLEY
2069634167
379283@email4pr.com
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SOURCE Alpen High Performance Products