LevelTen Energy, a Seattle, WA-based provider of transaction infrastructure for the energy transition, raised $65M in Series D funding.
The round was led by B Capital, with participation from Aster, Constellation, Google, Intercontinental Exchange, Inc. (NYSE:ICE), Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMA Capital, among others.
The company intends to use the funds to:
- Unlock the full potential of round-the-clock carbon-free energy supply
- Expand into new geographies
- Support more types of buyers and sellers
- Decarbone heavy industry and supporting clean hydrogen
Led by CEO and Founder, LevelTen Energy is a provider of transaction infrastructure for the energy transition, delivering marketplaces, software, data and analytics that accelerate carbon-free energy deals and decisions. Its platform, a global hub for carbon-free energy transactions and insights, connects over 1,000 project developers in 29 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. In addition to building and operating marketplaces, LevelTen Energy provides automated analytics and fresh data to inform key decisions for all market participants, as well as software to help users manage business before, during and after transactions.
Since its launch, the 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 $125M since inception.
FinSMEs
16/07/2024