NRG-017 Energy & Climate · Private
Twelve
Electrochemical CO2 conversion into fuels and chemicals.
- Founded
- 2015
- 11 years ago
- Total raised
- $787M
- Disclosed equity, Sep 2026
- Team
- 261
- Headcount, Sep 2026
- Latest round
- Series C
1 General description
Twelve builds electrochemical hardware that converts captured CO2 into jet fuel and chemicals. It opened AirPlant One in Moses Lake, Washington in June 2026, after USD 645 million in funding in 2024 including a USD 200 million Series C.
2 Features
3 Specifications
| Parameter | Value | Notes |
|---|---|---|
| Category | Energy & Climate | Pin 05, yellow band |
| Flagship product | — | No single flagship |
| Headquarters | Berkeley, United States | SF Bay Area hub |
| Status | Private | |
| Business model | B2B | Sells to businesses |
| Backers | DCVC, TPG Rise Climate, Capricorn Investment Group, Munich Re Ventures | Through Series C |
| Website | twelve.co ↗ |
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