This study aims to synthetize, at ambient temperature, blended metakaolin-ground granulated blast furnace slag (MK-GGBS) foam concrete (FC) presenting good thermomechanical performance for use as self-bearing insulation material. First, a binder composition that could be used for MK-GGBS FC production was identified. Fourteen paste formulations were produced and analysed to determine the best proportions of MK, GGBS and activator to be used in an alkali-activated material (AAM) FC matrix. Certain requirements were specified for the fresh paste (initial setting time > 180 minutes) and solid materials (high compressive strength and moderate shrinkage) to be used for FC production. The optimized mix was then employed for AAM FC production by using an H 2 O 2 blowing agent (gasfoaming method). The influence of two main parameters (H 2 O 2 and surfactant contents) on AAM FC properties (density, porous structure, thermal conductivity and compressive strength) were investigated. The thermomechanical performances of the AAM FCs produced were good compared to FC performances found in the literature. FC density mostly depends on H 2 O 2 content. The FC porous structure depends strongly on both H 2 O 2 and surfactant contents. High surfactant content FCs have a thin homogenous porous structure. At constant density, FC compressive strength depends on the surfactant content. An optimized surfactant content maximizing FC compressive strength at constant density was identified. Highlights Optimized proportions between metakaolin, GGBS and activator were identified. H 2 O 2 gas-off lasts 180 minutes. AAMs paste initial setting time must start after. Lightweight AAMs were obtained with density from 264 to 480 kg/m 3. The foam concrete porous structure depends on both H 2 O 2 and surfactant contents. An optimized surfactant content (0.004%) maximized FC compressive strength.