LevelTen Energy Secures $65M Funding to Accelerate Clean Energy Transition
Key Ideas
- LevelTen Energy has closed a $65 million Series D funding round to scale transaction infrastructure for the clean energy transition.
- The funding will support the expansion of the LevelTen Platform into new markets, including granular certificates and clean hydrogen.
- The LevelTen Platform has facilitated over $14.8 billion in clean energy transactions and plays a crucial role in accelerating the deployment of carbon-free energy projects.
- The company's new funding will enable innovations such as the development of a trading platform for granular certificates and expansion into new geographies to support global emissions reduction goals.
LevelTen Energy has successfully concluded a Series D funding round, securing approximately $65 million to enhance transaction infrastructure for the ongoing clean energy transition. The funding, led by B Capital and supported by various key players in the industry, will aid the growth of the LevelTen Platform and enable the company to enter new markets, including granular certificates and clean hydrogen, to expedite the deployment of carbon-free energy projects. Since its establishment, the LevelTen Platform has facilitated over $14.8 billion in clean energy transactions, with a significant focus on power purchase agreements (PPAs). LevelTen's CEO, Bryce Smith, highlighted the urgency to rapidly scale the procurement of clean energy to combat the climate crisis effectively. The company's innovative technology, such as LEAP™, has significantly accelerated PPA contracting processes. The LevelTen Platform acts as a crucial hub for clean energy players, providing marketplaces, software tools, and industry intelligence. The company's network includes a wide array of stakeholders, from project developers to energy advisors and retail electricity providers. The recent funding will enable LevelTen to introduce new solutions to address challenges in the energy transition, including expanding into new geographies and developing a trading platform for granular certificates. These initiatives aim to support the transition to a carbon-free economy by offering critical solutions for buyers, sellers, and advisors worldwide.