This year has been defined by hard work, collaboration, and growth. Our theme for 2024, "Fuel for the Long Haul," captures the momentum we've built.
This year has been defined by hard work, collaboration, and growth. Our theme for
2024,"Fuel for the Long Haul," captures the momentum we've built: advancing construction on our first e-fuel production facility in Moses Lake, Washington; securing $645 million in funding; and forging groundbreaking industry partnerships to advance eSAF.
We introduced E-Jet® SAF to the world through a historic deal with International Airlines Group (IAG) and our "Fuel for the Long Haul" campaign. We also published the widely- read Know Your SAF: Guide to Sustainable Aviation Fuels and received coverage for our funding announcement in The Wall Street Journal. This year, our team attended and spoke at hundreds of conferences and events, including NYC Climate Week, the North American SAF Congress, and Web Summit.
2024 Key Highlights
Q1
Historic SAF Deal with International Airlines Group
Twelve secured one of the largest Power-to-Liquid SAF (eSAF) deals to date with International Airlines Group (IAG), setting a new benchmark for scaling sustainable aviation solutions.
An Optimist’s Guide to the Planet
We were featured in Bloomberg’s An Optimist’s Guide to the Planet in February, taking you inside our lab and highlighting our innovative work in carbon transformation.
Know Your SAF: Guide to Sustainable Aviation Fuels
We published the Know Your SAF: Guide to Sustainable Aviation Fuels, a comprehensive resource offering in-depth analysis of sustainable aviation fuels.
Building AirPlant™ One
Bloomberg highlighted Twelve’s commercial demonstration e-fuel production facility in Moses Lake, Washington, in a profile showcasing our cutting-edge CO2 transformation technology and pioneering efforts to scale e-fuel production.
Q2
Boston Consulting Group Purchases E-Jet® SAFc Via SABA Deal
The Sustainable Aviation Buyers Alliance (SABA) announced a historic set of deals uniting corporate customers, airlines, NGOs, and fuel providers to purchase high-integrity E-Jet® SAF Attributes, including an agreement with Boston Consulting Group (BCG) for sustainable aviation fuel certificates (SAFc) for Twelve’s E-Jet® SAF.
Fuel for the Long Haul Campaign
We launched the “Fuel for the Long Haul” campaign, introducing E-Jet® SAF and celebrating sustainable aviation innovation, with a memorable debut in Times Square, courtesy of NASDAQ.
Catalyst Launch
We launched our blog Catalyst to share insights and thought leadership on advancing carbon transformation, sustainable aviation, and industrial innovation. Highlights include an in-depth podcast interview with Carrie Harris, Director of Sustainability at British Airways, as well as partner content from DCVC and Alaska Airlines.
Robb Report Feature
Twelve was spotlighted in a Robb Report trend piece on SAF, further cementing our position as an industry leader.
Q3
Green Loan Secured
Global financial institution Sumitomo Mitsui Banking Corporation closed a $20 million loan in specialized growth capital to support Twelve’s E-Jet® fuel and carbon transformation technology, marking a significant step in scaling these innovations.
Construction Loan for FOAK eFuels Production Facility
Clean energy investment firm Fundamental Renewables provided a $25 million loan to help build Twelve’s commercial demonstration e-fuel facility in Moses Lake, Washington, marking a major milestone in scaling SAF production.
NCSL Legislative Summit
Our team was on the ground meeting policymakers at the National Conference of State Legislatures (NCSL) Legislative Summit, and our “Fuel for the Long Haul” campaign took over billboards both inside and outside the convention center.
$645 Million in Funding Led by TPG Announced in WSJ
Twelve's $645 million funding announcement was featured extensively in the Wall Street Journal, both print and online.
NYC Climate Week
Twelve had a robust presence at NYC Climate Week, attending and speaking at over 43 events, advancing Twelve's mission.
Q4
North America SAF Congress
Our team represented Twelve at the Sustainable Aviation Futures Congress in Houston, TX—one of North America's largest SAF events. We hosted an expo booth, and our VP of Business Development, Ashwin Jadhav, spoke on the “eFuels, PtL, and Hydrogen Landscape in North America” panel.
Everybody in the Pool Podcast
Twelve Co-Founder and Chief Science Officer, Dr. Etosha Cave shared Twelve's vision and breakthroughs on the Everybody in the Pool podcast with Molly Wood.
Flight School Webinar Series
We launched the Flight School webinar series, offering a deep-dive discussion into sustainable aviation fuel and carbon transformation.
Watch now
Web Summit Center Stage
Dr. Etosha Cave kicked off Web Summit on center stage, captivating an audience of over 20,000 in Lisbon, Portugal as she shared Twelve’s vision of a world made from air,
and the science of turning CO2 into jet fuel.
Watch now
Emerson Collective Demo Day
Twelve CEO Nicholas Flanders presented at Emerson Collective Demo Day in San Francisco, showcasing Twelve’s carbon transformation technology and the power of turning CO2 into products.
The ABCs of Climate Solutions
We’re thrilled to be featured in the children's book The ABCs of Climate Solutions.
Twelve’s Guide to eFuels
We launched our Guide to eFuels at twelve.co/efuels, showcasing our
full range of transportation e-fuels.
2024 Awards
2024 Global Cleantech 100
Cleantech Group
Achievement in Sustainability Innovation
BTN Group
Offtake Agreement of the Year for IAG Deal
SAF Investor Conference
CNBC 2024 Changemaker
Dr. Etosha Cave
Norrsken Impact/100 List
Norrsken Foundation
Startup Award | USA Green Awards
GreenTech Festival
