LevelTen raises US$35m to help scale up renewables transaction platform

Facebook
Twitter
LinkedIn
Reddit
Email
LevelTen plans to build on its current software, which is focused on PPAs and renewables project sales. Image: Avista.

LevelTen Energy, a US firm that has developed a platform for renewable energy asset transactions, has secured the backing of Google as part of a US$35 million Series C funding round.

The company aims to use the proceeds to develop additional software solutions to help accelerate the clean energy transition, investing in load matching technology, project developer services and more advanced power purchase agreement (PPA) products.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Taking the total amount raised by LevelTen to US$62.3 million, the raise was led by private equity firm NGP ETP and included participation from nearly all the software provider’s existing investors, including: Constellation Technology Ventures, the venture investing arm of Exelon; Avista Development, a subsidiary of US utility Avista; and TotalEnergies Ventures.

Having launched its Energy Marketplace in 2018 to improve the PPA process, LevelTen earlier this year released its Asset Marketplace, which aims to simplify how renewable energy projects are bought and sold.

“Now, with this new funding, LevelTen will advance the industry again with the launch of even more transaction infrastructure products and services vital to accelerating the energy transition,” said CEO Bryce Smith. “Renewable transactions will surely become as customary and as efficient as fossil fuel transactions, and we’re intent on improving our platform until that happens.”

Read Next

Premium
August 6, 2025
PV Talk: LevelTen’s Andrés Acosta discusses how an oversupply of clean projects is shaping Europe’s PPA market.
August 1, 2025
Independent power producer GoldenPeaks Capital has reached commercial operations on a 92MW solar PV portfolio in Hungary.
July 31, 2025
Leeward Renewable Energy has started construction at the Twelvemile 1 and 2 solar projects in Oklahoma, which have a capacity of 152MW.
July 18, 2025
Companies have signed 4.22GW of solar PV power purchase agreements in the first half of 2025, according to Swiss consultancy Pexapark.
July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines