What about sliding some 1" foam board behind the studs and just shoot it into the wall with those washered hilti nails? I was thinking the top 2 feet?
Foam is a good insulator (no freaking itching fiberglass) and it can not absorb water.
What does the resident aps builders think about that?
Waste of time, effort and materials.
Concrete is a heat sink, and a heat conduit. Insulating the top 2 or 3 feet on the inside doesn't accomplish anything. The direction of heat flow is
always from the warm side to the cold side. If the wall is 8 feet high and you insulate the top 2 feet, you have six feet exposed to the interior heat. The concrete will soak up that heat, transmit it vertically, and radiate it to the outdoors through whatever portion is exposed above the ground. Either insulate the full height, or don't bother.
If your studs aren't in contact with the concrete walls, don't forget you need a vertical closure every ten feet (max) that does contact the concrete, as a firestop. You also need to close off the top of that gap for firestopping purposes. That's a code requirement -- not to mention good practice.