By mobilizing untapped corporate clean power demand, LevelTen aims to decarbonize the grid more rapidly.
LevelTen Energy is aiming to become the “mutual fund of PPAs” by providing a platform that aggregates PPA (Power Purchase Agreement) buyers and sellers. This will unlock more renewable energy generation by allowing corporations to buy blended resources from a variety of energy generation and storage projects and allowing developers to get more projects through completion.
The platform blends resources from a variety of energy generation and storage projects and creates a diversified power portfolio for individual customers, reducing risk and complexity. Transactions will be efficient and transparent.
This market has previously been dominated by bilateral transactions that require large purchases of energy, which cuts out mid-sized energy consumers, and then furthermore exposes purchasers to high risk. LevelTen has a unique servicing model and pricing algorithm to bring back control over risk and size of energy purchase to the consumer.
LevelTen is first targeting the commercial and industrial power market in 20 states that allow for direct electricity purchases.
Based in: Seattle, WA
Founded in: 2015