LevelTen Energy

LevelTen Energy is celebrating the close of a $65 million Series D funding round led by B Capital! Thank you to our Series D investors, and all the investors who preceded them, for their support: Aster Capital, Constellation, Google, ICE, Microsoft’s Climate Innovation Fund, NGP, Prelude Ventures, and ZOMALAB, among others.

“Society has made strong progress in tackling climate change — but it’s still not enough,” said LevelTen Energy CEO Bryce Smith. “The next phase of the transition to a carbon-free economy will require new marketplaces, new sources of market intelligence, faster access to capital, and significant investments in emerging technologies. With this renewed financial support from our investors, LevelTen will build on our past success, and provide new solutions to the energy transition’s most pressing challenges.”

This funding will support continued growth of the LevelTen Platform and finance the company’s expansion into new markets, including granular certificates and clean hydrogen, to accelerate carbon-free energy project deployment.

Thanks to all of you — the LevelTen Network — for helping us achieve this milestone.

We Made PPAs Faster, but That’s Just the Start We made PPAs faster, but that’s just the start. Our Series D will make the next phase of our vision a reality.

LevelTen Energy is collaborating with Google on a new way for clean energy buyers and sellers to enter into power purchase agreements (PPAs), reducing the time it takes by roughly 80%. Whereas traditional deals can take more than a year, this innovative approach has already enabled contracting for new “additional” clean energy in just two months. We look forward to making it widely available to more buyers, either directly or through their energy advisor or retailer, later this year. Read more about the new approach on Google's blog:

A new approach to clean-energy power purchasing agreements | Google Cloud Blog As we move toward 24/7 carbon-free energy, we developed a new approach to clean-energy power purchase agreements (PPA).