LevelTen Energy, the leading provider of transaction infrastructure for the energy transition, announced that it has secured approximately $65 million in a Series D funding round. The financing, which includes both new growth capital and the conversion of notes, was led by B Capital, a global multi-stage investment firm, with participation from Aster, Constellation, Equinor Ventures, Google, Intercontinental Exchange, Inc., Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMA Capital, among others.
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The LevelTen Platform is the world’s largest online hub for carbon-free energy buyers, sellers, advisors, asset owners and financiers. Since its launch, the LevelTen Platform has facilitated over $14.8 billion in power purchase agreements (PPAs), asset sales, and other clean energy transactions. The company has raised more than $125 million since inception.
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“The clean energy industry’s growth has been astonishing, but the climate crisis demands that we deploy even more clean energy at a much faster rate. Rapidly growing electricity demand is straining our infrastructure and threatening to undermine climate goals. Our existential need to keep global warming in check requires us to scale procurement and bring new technologies to mass markets even more quickly,” said Bryce Smith, founder and CEO at LevelTen Energy.
The LevelTen Platform provides the marketplaces, software tools, and industry intelligence clean energy players need to transact with efficiency and confidence. The Platform comprises the LevelTen Energy Marketplace, which connects clean energy buyers and advisors with power purchase agreement opportunities, and the LevelTen Asset Marketplace, which facilitates the purchase or sale of the underlying wind, solar, storage, and other clean energy assets themselves. In April, the company expanded its Platform to support the transfer of federal clean energy tax credits — unlocking even more financing opportunities for development. The Platform’s data products (MarketPulse and PPA Price Index) provide the market with the most recent and extensive real-world information to inform pricing and procurement decisions.
“At B Capital, we partner with leading climate entrepreneurs and innovative businesses shaping the future through technology,” said Jeff Johnson, General Partner and Head of Climate. “LevelTen is the world’s largest marketplace for clean energy and asset transactions and a pioneer in powering the renewable energy industry and beyond. We are thrilled to support LevelTen’s vision to further the energy transition by providing critical solutions for buyers, sellers and advisors around the world.”
About LevelTen Energy
LevelTen Energy is the leading provider of transaction infrastructure for the energy transition, delivering marketplaces, software, data and analytics that accelerate carbon-free energy deals and decisions. The LevelTen Platform is the global hub for carbon-free energy transactions and insights, connecting over 1,000 project developers in 32 countries with a vast network of corporations, advisors, traders, financiers and other organizations seeking to advance carbon-free energy development. The Platform includes marketplaces for power purchase agreements, clean energy projects, and tax credit transfers, and will soon support the trading of granular certificates.
