Free marketplace delivers streamlined PPA process and innovative purchasing models through aggregation
SEATTLE — Jan. 23, 2018 — LevelTen Energy announced today the launch of their data-driven marketplace, a first-of-its-kind offering built to scale, simplify and standardize renewable energy procurement. LevelTen\’s marketplace reduces the cost, complexity, and risk of renewable energy PPAs through an online platform that offers to both buyers and sellers advanced analytics, standard documentation and process best practices.
“The market for green energy is frustratingly opaque for both buyers and sellers,” said Bryce Smith, founder, and CEO of LevelTen Energy. “Until now, the renewable energy purchasing model has been one buyer to one seller. This time-consuming, risky approach allows only the largest, most experienced energy buyers to participate. By reducing the risk and market entry cost, we support corporations and institutions in meeting sustainability goals and vastly increase the pool of potential renewable energy buyers in the market.”
The LevelTen Marketplace launches at a critical time for businesses and institutions. Right now, 72 percent of U.S. businesses are actively pursuing additional renewable energy purchases, and 48 percent of the Fortune 500 have at least one climate or clean energy target. Previous attempts at renewable marketplaces have seen limited adoption due to steep access fees, limited project availability or insufficient analytical components to assess risk and value for corporate buyers.
The LevelTen Marketplace provides complementary project data and analysis, transaction tools and select consulting services to all credentialed renewable energy buyers and sellers. The advanced analytical tools process on a daily basis 8 million-plus data points across more than 800 projects to help all energy buyers evaluate value, risk and other critical criteria for investment.
“The conversation around sustainability at the corporate level has become a given,” said Rob Harmon, advisor to LevelTen and expert in environmental entrepreneurship and energy policy. “What’s less clear to a business, however, is how to reach their sustainability goals — what is that next step and how does it drive us to implementation? Unlike the existing broker-driven model, LevelTen Energy offers the deep analytics required to comprehend the risks in energy projects and how investment in those projects will impact the bottom line.”
LevelTen has implemented new aggregation options through national and regional renewable energy portfolios to expand the market for buyers to deliver the economics of the market’s best projects at significantly lower risk. Also included in the Marketplace is a fully automated request for proposal (RFP) process that allows companies to issue RFP for free, ensure true apples-to-apples comparisons, and shorten the process to complete the RFP from months to weeks.
To learn more about LevelTen Energy or request access to the Marketplace, please visit leveltenenergy.com.
About LevelTen Energy
LevelTen Energy is a data-driven marketplace that brings scale, simplification, and standardization to renewable energy procurement. LevelTen reduces the risk, complexity, and cost of renewable energy PPAs by connecting buyers and sellers through analytics, aggregation and process best practices. Founded in 2016, LevelTen Energy is located in Seattle.