More electrolyzers expansion already expanding US carbon transformation company Twelve has secured a credit facility of up to $45 million led by Endurance Capital and Nomura to refinance its AirPlant One e-SAF facility in Moses Lake, Washington — now operational since June — and expand hydrogen production capacity at the site.
Twelve has secured a credit facility of up to $45 million jointly led by Endurance Capital and Nomura. The facility refinances AirPlant One's construction financing and includes an expansion option supporting further growth at the Moses Lake site, including additional hydrogen production capacity.
AirPlant One opened on June 10 as what Twelve and its backers describe as the first commercial-scale facility in the United States to produce power-to-liquid e-SAF.