GO Lab, Inc. (dba TimberHP) (48C Self-Disclosed)

TimberHP makes building insulation from waste wood fiber as an alternative to fiber glass and foam. High performing and non-toxic, TimberHP is renewable, recyclable and the only scalable insulation solution with a negative carbon footprint. When operating at full capacity, TimberHP Madison will produce almost 20 tons of product an hour, utilize over 250,000 green tons of softwood residuals per year, generate $168M of revenue, and employ 144.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.