LevelTen Energy, a Seattle, WA-based provider of renewable transaction infrastructure, raised $35m in Series C funding.
The round was led by NGP ETP, with participation from My Climate Journey (MCJ) Collective, as well as nearly all of LevelTen’s existing investors, including Avista Development, Constellation Technology Ventures, Equinor Ventures, Founders’ Co-op, Prelude Ventures, Techstars, TotalEnergies Ventures and Wireframe Ventures. In addition, Google participated as part of its goal of supporting innovative solutions that help enable businesses of all sizes, including Google Cloud customers, to source 24/7 carbon-free energy.
The company, which has now raised $62.3m in aggregate, intends to use the funds to:
- further scale its existing renewable energy transaction platform, which comprises the Energy Marketplace, Asset Marketplace and Performance Monitoring software, and
- develop additional software solutions to accelerate the clean energy transition, investing in real-time load matching technology (24/7), project developer services, environmental and social justice scoring systems, and more advanced power purchase agreement (PPA) products.
Led by Bryce Smith, Chief Executive Officer, LevelTen Energy is a provider of renewable transaction infrastructure for the energy transition. The company delivers cloud-based software, centralized supply, automated analytics, and expertise required to accelerate clean energy transactions. The Platform includes the LevelTen Energy Marketplace, which delivers access to more than 4,000 power purchase agreement price offers spanning 21 countries in North America and Europe. It also includes the LevelTen Asset Marketplace, which brings together over 500 renewable energy project developers and owners, and delivers the online tools and expertise they need to buy, sell and finance assets quickly.
To date, the company has facilitated more than $5 billion in renewable energy transactions and 3.3 gigawatts of renewable energy deals.
FinSMEs
25/08/2021