It has been well established that ALPORAS® foams is a strain rate sensitive material. However, the strain rate effect is not well quantified as it is not unusual for strain rate to vary during high speed compression. Moreover, according to previous research, aluminium foams, especially ALPORAS® foams, behave differently at low and high strain rates. Therefore, different plastic deformation mechanisms are expected for low and high strain rate loadings as a result of micro-inertia of cell walls. In this paper, the strain rate effect on the energy dissipation capacity of ALPORAS® foam was investigated experimentally by using a High Rate Instron Test System, with cross-head speed up to 10 m/s. The compressive tests were conducted over strain rates in the range of 1 × 10−3 to 2.2 × 102 s−1, with each test being at a fairly constant strain rate. An energy efficiency method was adopted to obtain the densification strain and plateau stress. The effect of strain rate and the foam density was well presented by empirical constitutive models. The experimental data were also discussed with reference to the recent results by other researchers but with different range of strain rates. An attempt has been made to qualitatively explain the observed decrease of densification strain with strain rate.