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About LevelTen Energy
Industries
Consulting
Energy
Company Size
51-200
Company Stage
Series D
Total Funding
$138.3M
Headquarters
Seattle, Washington
Founded
2016
Overview
LevelTen Energy simplifies the buying and selling of power purchase agreements (PPAs) in the renewable energy market by connecting developers with corporate buyers through an efficient platform. The company streamlines the traditional Request for Proposal (RFP) process, reducing it from months to weeks, which allows developers to focus on their core activities. By using a two-sided marketplace, LevelTen aggregates buyers to increase market access and lower PPA costs, while also providing transaction standards and credit solutions to ensure smooth deal closures. The goal of LevelTen Energy is to enhance market efficiency and make the renewable energy transaction process easier and faster.
Simplify's Take
What believers are saying
- $65M Series D funding supports geographic expansion and product development.
- Partnerships with Microsoft and Google enhance credibility and market opportunities.
- Clean Energy Tax Credit Marketplace attracts corporations aiming for sustainability targets.
What critics are saying
- Increased competition from tech giants like Microsoft and Amazon.
- Rapid AI growth may strain renewable energy resources, increasing costs.
- Dip in climate tech funding poses growth challenges in a capital-intensive market.
What makes LevelTen Energy unique
- LevelTen Energy reduces RFP process time from months to weeks.
- The platform aggregates PPA buyers and sellers, enhancing market liquidity.
- LevelTen offers transaction standards and credit solutions for smooth deal closures.
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Funding
Total Funding
$138.3M
Below
Industry Average
Funded Over
6 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Flexible Work Hours
Paid Holidays
401(k) Retirement Plan
Hybrid Work Options
Wellness Program
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 3%Seattle, WA - FOR IMMEDIATE RELEASE - LevelTen Energy, the leading provider of transaction infrastructure for the energy transition, has appointed Dave O'Hara, former Chief Financial Officer for the Commercial Finance Group at Microsoft, and Karly Wentz, Partner at B Capital, to its board of directors.
Hanford Nuclear Reservation with Northwest Energy’s nuclear reactor letting off steam in the background. (Photo by Tobin, via Flickr, Creative Commons)President Joe Biden this week issued one of his last executive orders, addressing the race to build domestic data centers and clean energy plants in order to retain America’s leadership in artificial intelligence. “We will not let America be out-built when it comes to the technology that will define the future, nor should we sacrifice critical environmental standards and our shared efforts to protect clean air and clean water,” the order states. The nation’s tech behemoths — including Seattle-area cloud giants Microsoft and Amazon — are sprinting to expand the computing power of their own AI operations and those of their cloud customers. But shortages of suitable land and clean energy are challenging these efforts.Biden’s order directs the Department of Defense and the Department of Energy to “lease federal sites where the private sector can build frontier AI infrastructure at speed and scale” and highlights the essential role that AI plays in the economy and national security.“As the land of liberty, America — not China — must lead the world in the development of AI,” Biden said in his farewell address to the nation on Wednesday evening. The executive order calls on federal agencies to identify tracts for data centers and clean energy plants, and to work quickly in permitting the projects
Sustainability: News about the rapidly growing climate tech sector and other areas of innovation to protect our planet. SEE MOREAn Amazon data center in Oregon. (AWS Photo)Artificial intelligence and the data centers that drive the technology are booming with no end in sight. That’s putting mounting pressure on tech giants to come up with climate friendly ways to power all that AI computing.A new Department of Energy report tracking data center power use found that it increased 7% from 2014 to 2018 and then jumped 18% between 2018 and 2023. Looking ahead, the demand is expected to increase between 13% to 27% from 2023 to 2028.The computer-packed sites pose a specific challenge in that they need reliable power 24/7 and it needs to be clean to fulfill tech company pledges to eliminate their carbon emissions. And yet the DOE predicted that data centers could gobble up to 12% of the total U.S
LevelTenEnergy, the leading provider of renewable transaction infrastructure, has formed a new partnership with Ecohz, global provider of tailored sustainability solutions, to help clients across Europe leverage Power Purchase Agreements(PPAs) in their efforts to reduce emissions.
LevelTen Energy has filed a notice of an exempt offering of securities to raise $65,806,750.00 in New Equity Investment. LevelTen Energy has filed a notice of an exempt offering of securities to raise $65,806,750.00 in New Equity Investment.According to filings with the U.S. Securities and Exchange Commission, LevelTen Energy is raising up to $65,806,750.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Bryce Smith played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About LevelTen EnergyLevelTen Energy is the leading provider of renewable transaction infrastructure. The LevelTen Platform connects renewable energy buyers, advisors and sellers online, and gives them the tools, data and services they need to get better deals done faster. LevelTen helps carbon-free energy buyers, sellers, advisors, and financiersget better deals done, fasterTo learn more about LevelTen Energy, visit http://www.leveltenenergy.com/LevelTen Energy Linkedin Page: https://www.linkedin.com/company/leveltenenergy/Contact:Bryce Smith, Chief Executive Officer206-390-0139https://www.linkedin.com/in/bryce-smith-8545a819/SOURCE: http://www.intelligence360.ioCopyright (c) 2024 SI360 Inc
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About LevelTen Energy
Industries
Consulting
Energy
Company Size
51-200
Company Stage
Series D
Total Funding
$138.3M
Headquarters
Seattle, Washington
Founded
2016
There are no jobs for LevelTen Energy right now.
Find jobs on Simplify and start your career today