USDA-FS Awards $1.5 Million Community Wood Grant to TimberHP

Capitol Funding Solutions is pleased to announce that a proposal written for TimberHP was awarded $1,500,000 through the Community Wood Energy and Wood Innovation Program. 

The U.S. Forest Service has announced $43 million in competitive funding through the Community Wood Energy and Wood Innovation Program. The awards will fund shovel-ready projects that support forest health and stimulate local economies by expanding renewable wood energy and innovative wood products manufacturing capacity.  

TimberHP, a start-up wood products manufacturer based in Madison, Maine, was awarded funding to help subsidize the cost associated with the engineering and installation of a finishing line. This installation will expand the manufacturing capacity of TimberHP’s wood fiber insulation boards. Of the 123 awardees, TimberHP received the highest award of $1.5 million.  

TimberHP is the first manufacturer in North America to produce a suite of insulating wood fiber composites for the construction industry. The insulation board product is a recyclable, renewable, carbon-sequestering alternative to foam board as an above-grade, continuous exterior insulation in the home construction and renovation market. The awarded funds will establish a finishing line that will produce insulation boards cut precisely to the dimensions demanded by the consumer and edge-finished with a tongue and groove profile that makes the board wind and water-resistant in addition to being a thermal barrier. The finishing line will deliver a product with performance unequaled in the market, saving installers and homeowners time and money. TimberHP expects to complete the installation at their Maine facility by the end of 2024. 

Learn more about Timber HP. 

Read the press release here. 

View the award notification here.