LevelTen Energy

LevelTen Energy

Marketplace for renewable energy power agreements

About LevelTen Energy

Simplify's Rating
Why LevelTen Energy is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Energy

Company Size

51-200

Company Stage

Series D

Total Funding

$124.8M

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 and 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 aggregating buyers, LevelTen increases market access and lowers PPA costs, while also providing transaction standards and credit solutions to ensure smooth deal closures. The goal is to enhance market efficiency and make renewable energy transactions easier for all parties involved.

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Funded Recently
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Simplify's Take

What believers are saying

  • Partnerships with Microsoft and Google enhance credibility and market opportunities.
  • Stable PPA prices create favorable conditions for expanding transactions.
  • The Clean Energy Tax Credit Marketplace attracts corporations aiming to meet sustainability targets.

What critics are saying

  • Increased competition from tech giants like Microsoft and Amazon could overshadow LevelTen.
  • Rapid AI growth may strain renewable resources, increasing costs for LevelTen's clients.
  • Dip in climate tech funding could challenge LevelTen in securing future investments.

What makes LevelTen Energy unique

  • LevelTen Energy reduces PPA transaction times from months to weeks.
  • The platform aggregates buyers, accessing up to 99% of potential PPA buyers.
  • LevelTen provides transaction standards and credit solutions, reducing sales cycles by 50%.

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Funding

Total Funding

$124.8M

Below

Industry Average

Funded Over

6 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Below Average

Industry standards

$77M
$65M
LevelTen Energy
$70M
Twilio
$80M
Handshake
$100M
Affirm

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

Headcount

6 month growth

-1%

1 year growth

-3%

2 year growth

0%
GeekWire
Jan 16th, 2025
Biden’S Executive Order On Ai Data Centers Could Benefit Amazon And Microsoft

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

GeekWire
Jan 10th, 2025
As Ai Booms, Here’S How Microsoft And Amazon Are Coming Up With Energy Solutions

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

LevelTen Energy
Oct 1st, 2024
LevelTen Energy and Ecohz join forces to streamline PPA procurement for European clients

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.

Intelligence360
Jul 25th, 2024
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. 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

VC News Daily
Jul 16th, 2024
LevelTen Energy Secures $65M Series D

LevelTen Energy has secured approximately $65 million in a Series D funding round. The financing, which includes new growth capital and the conversion of notes, was led by B Capital with participation from Aster, Constellation, Google, Intercontinental Exchange, Microsoft's Climate Innovation Fund, NGP, Prelude Ventures, and ZOMA Capital.

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