DOE investment marks Twelve’s first funding through the Inflation Reduction Act and kickstarts domestic manufacturing and deployment of CO2 electrolyzers.
Twelve proudly announces up to $28.5M in tax credits through the Qualifying Advanced Energy Project (48C) Investment Tax Credit (ITC) from the U.S. Department of Treasury Internal Revenue Service and the U.S. Department of Energy. These funds will scale manufacturing of our innovative Opus™ CO2 electrolyzer. The Opus system lies at the heart of carbon transformation, enabling a new generation of useful products from just CO2, water, and renewable energy. Programs funded through the Bipartisan Infrastructure Law and the Inflation Reduction Act, like 48C, accelerate the deployment of critical climate technologies, such as Twelve’s carbon transformation technology. Through this project, Twelve will design, construct, and commission a pilot manufacturing facility for our Opus electrolyzer in Alameda, CA, establishing itself as the world’s largest manufacturer of PEM CO2 electrolyzers.
Twelve’s technology can transform CO2 emissions into a suite of valuable, carbon-based chemicals and materials.
Twelve will manufacture these Opus units for deployment at its AirPlant™ facilities, which produce Power-to-Liquid (PtL) sustainable aviation fuel (SAF) and other CO2Made® chemicals, supporting the Administration’s ambitious decarbonization goals and enabling the scale needed to compete with petrochemical products. Twelve’s PtL E-Jet® fuel offers significant advantages over other SAF, including up to 90% lower emissions, nearly unlimited feedstock supply, up to 1000x less land use, and up to 30% less water use. Beyond SAF, Twelve’s technology can transform CO2 emissions into a suite of valuable, carbon-based chemicals and materials. In order to deploy these AirPlant facilities nationwide, Twelve must rapidly expand internal CO2 electrolyzer manufacturing capabilities. The 48C allocation kickstarts this initiative. It provides dedicated investment towards Twelve’s first electrolyzer manufacturing facility and enables continued growth in expertise and manufacturing capabilities for this critical decarbonization technology.
It provides dedicated investment towards Twelve’s first electrolyzer manufacturing facility and enables continued growth in expertise and manufacturing capabilities for this critical decarbonization technology.
We commend the DOE for highlighting electrolyzers and SAF as priority areas for Round 1 of the 48C program, illustrating the importance of our carbon transformation technology in supporting hard-to-decarbonize industries. DOE and IRS support will expand US leadership in this critical decarbonization technology, lay the foundation for a domestic PtL SAF industry, establish a clear and scalable path towards a decarbonized aviation industry, and support broad decarbonization in the chemicals industry. As Twelve scales and deploys its technology, we will directly contribute to the Administration’s ambitious 2050 net-zero decarbonization goals and initiatives such as the SAF Grand Challenge and the Clean Fuels and Products Shot.