NewQ1 2026 Clean Energy Deal Intelligence Report is live
FinancingClosedJune 29, 2022

Twelve Series B — CO2-to-fuels electrolyzer (E-Jet sustainable aviation fuel)

Twelve $130M Series B led by DCVC. CO2-to-fuels electrolyzer (E-Jet sustainable aviation fuel). Built first industrial-scale "carbon transformation" platform. Won BloombergNEF Pioneer 2022. Microsoft Climate Innovation Fund + Chan Zuckerberg Initiative participated.

$130M

Deal Value

Carbon Capture & DAC

Technology

CA

Location

Deal Details

Deal Type
Strategic & Growth Capital
Seller / Sponsor
Twelve
Buyer / Financier
DCVC (lead); Carbon Direct, Capricorn Tech Impact Fund, Breakout Ventures, Munich Re Ventures, Microsoft Climate Innovation Fund, Chan Zuckerberg Initiative
Deal Value
$130M
Stage
Growth
ISO/RTO
CAISO

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