Twelve has been granted 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 the Opus CO2 electrolyzer, according to a news release.
Through this project, Twelve will design, construct, and commission a pilot manufacturing facility for its Opus electrolyzer in Alameda, CA, establishing itself as the world’s largest manufacturer of PEM CO2 electrolyzers.
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.
