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Home»Investments»Alpen High Performance Raises $18 Million in Grants and Investments – BizWest
Investments

Alpen High Performance Raises $18 Million in Grants and Investments – BizWest

prosperplanetpulse.comBy prosperplanetpulse.comJune 19, 2024No Comments2 Mins Read0 Views
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LOUISVILLE — Alpine High Performance Products, a Louisville manufacturer of highly efficient windows, recently raised $18 million in funding through a combination of investments and a grant from the U.S. Department of Energy.

A $5.9 million grant awarded by the Department of Energy as part of the Bipartisan Infrastructure and Inflation Recovery Act “helped to attract an additional $12.1 million in private capital,” Alpen said in a news release.

This money will be used to help Expanding Alpen window production.

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“The world is beginning to realize the importance of windows in decarbonizing buildings. At Alpen, our goal is to expand the advanced window market by manufacturing affordable, ultra-efficient windows and glass right here in the U.S.,” Alpen CEO Andrew Zech said in the release. “This funding is a great example of the power of public-private partnerships. Over the past five years, Alpen has partnered with DOE’s National Laboratory System and the U.S. General Services Administration (GSA) to pioneer and test the use of ultra-thin glass as a lightweight insulation material in windows. The technology is proven, and this DOE grant and matching private capital will accelerate its deployment in the market.”

The company plans to double its manufacturing space and offer triple- and quadruple-pane window materials to other window manufacturers.

By continuing to produce our own product line while becoming a supplier to other manufacturers, we will expand the range of highly efficient window systems and help other manufacturers meet new performance standards that will be mandatory from January 2026.

Alpen, which is opening a new manufacturing plant in Pennsylvania, plans to initially produce all of its increased product in Louisville, then add a 50,000-square-foot addition to the same building in southwest Louisville, doubling the size of its manufacturing facility. Some of the increased production will be in Pennsylvania in January, with plans to eventually set up regional manufacturing centers in other parts of the country, although no timeline has been determined, Zech told BizWest in May.



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