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

July 19, 2024
PV Lighthouse has secured AU$1.97 million from ARENA to aid the development of its digital twin software for utility-scale solar PV projects.
Premium
July 18, 2024
“We believe this policy will unlock opportunities for renewables as it increases electricity supply avenues."
July 16, 2024
US-based software provider Aurora Solar has acquired solar design tool Lyra to grow its business in residential plan set services and automation.
July 16, 2024
US developer Leeward Renewable Energy (LRE) has secured US$1.25 billion in construction warehouse facility to support the construction of its portfolio in the US.
July 12, 2024
Swiss Utility BKW Energie AG has sign a power purchase agreement with food and beverage company Nestlé in Germany.
July 11, 2024
Iberdrola has signed a power purchase agreement with fast food chain Burger King to supply power from part of a 553MW solar PV plant. 

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA