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§ Private Profile · Seattle, WA, USA
LevelTen Energy is a technology company.
LevelTen Energy develops transaction infrastructure for the renewable energy economy, offering a platform with software and marketplaces that streamline the procurement of clean energy. The company’s core offering reduces the cost, complexity, and risk associated with renewable Power Purchase Agreements (PPAs) by connecting various market participants through its digital ecosystem. This approach facilitates the efficient research, execution, and management of complex clean energy transactions, making it easier for organizations to access and invest in sustainable power.
Bryce Smith founded LevelTen Energy in 2016, leveraging his two decades of experience in the corporate clean energy sector. His insight stemmed from the observed complexities and bottlenecks in securing renewable energy PPAs, which he recognized as critical to unlocking significant corporate investment in clean energy projects. Smith envisioned a more efficient, scalable marketplace to simplify these transactions, drawing on his extensive background in the industry to build a solution.
The company serves a broad array of participants in the clean energy market, including buyers, sellers, advisors, and financiers, enabling both large corporations and smaller entities to procure renewable energy online. LevelTen Energy's long-term vision is to expand the market for renewable energy by fostering frictionless clean energy transactions, thereby accelerating the global transition to a sustainable energy future and addressing the pressing climate crisis.
LevelTen Energy has raised $135.1M across 7 funding rounds.
LevelTen Energy has raised $135.1M in total across 7 funding rounds.
LevelTen Energy is a technology company that builds a leading transaction infrastructure platform for the renewable energy sector, connecting buyers, sellers, advisors, and financiers to accelerate clean energy deals like power purchase agreements (PPAs), environmental attribute certificates (EACs), and capacity transactions.[1][2][4] It serves renewable energy buyers (e.g., corporations like Workday), developers, advisors, and financiers across North America and Europe, solving the problem of slow, risky, and inefficient legacy procurement processes amid skyrocketing demand for utility-scale wind, solar, storage, and other carbon-free projects.[3][4][5] The platform offers real-time project data, sophisticated analytics (e.g., MarketPulse, PPA Price Index), standardized contracts, online RFP tools, and streamlined bilateral workflows, enabling faster execution and better market intelligence—powering deals like Workday's 233GWh/year, 15-year solar VPPA in Texas.[2][5] With over 4,000 PPA offers in 21 countries, LevelTen drives growth momentum by scaling infrastructure for urgency, complexity, and global clean energy transitions.[3][4]
LevelTen Energy was founded in 2016 in Seattle, Washington, by CEO Bryce Smith, who recognized that legacy procurement processes couldn't keep pace with surging renewable energy demand needed to combat climate change.[1][3] Smith's insight stemmed from the need to make PPAs—critical guarantees enabling developers to finance massive projects—faster, easier, and less risky, unlocking billions in corporate investment for wind, solar, and storage.[3] Early traction came via the Techstars Seattle Accelerator in 2017, where the company honed its platform for automation, data management, and standardized contracts, providing access to all planned projects in a market with advanced financial analysis.[3] Pivotal expansion included entering Europe, becoming the world's largest renewable energy procurement platform, and evolving the platform in recent years to handle diverse deal types like EACs, RECs, GOs, and hybrid/storage enablement amid political and technological shifts.[2][3]
LevelTen stands out in the clean energy transaction space through these key strengths:
LevelTen rides the explosive trend of corporate clean energy procurement and the global energy transition, fueled by climate urgency, technological innovation in renewables/storage, and policies like the Inflation Reduction Act amid market upheaval.[2][3] Timing is critical: skyrocketing demand for utility-scale power outpaces legacy systems, creating a bottleneck LevelTen unclogs by accelerating PPAs/VPPAs that finance projects reducing fossil fuel reliance and decarbonizing grids.[3][5] Market forces favoring it include rising AI/data center energy needs, cross-border investments (e.g., Korean-backed U.S. solar), and the shift to diverse assets like EACs/RECs/GOs.[2][5] It influences the ecosystem by enabling faster scaling of carbon-free markets, fostering developer-buyer connections, and supporting advisors/financiers—positioning it as infrastructure for a sophisticated, thriving clean energy economy.[2][4][6]
LevelTen is poised to expand its platform with hybrid/storage enablement, broader buyer partnerships (e.g., retail providers), and enhanced tools for evolving procurement like AI-powered grids and international deals.[2][3] Trends like geopolitical energy shifts, tech-driven demand (e.g., AI sustainability), and regulatory pushes for decarbonization will propel its growth, potentially dominating as the go-to infrastructure for multi-asset clean energy transactions worldwide.[2][5] Its influence may evolve from facilitator to ecosystem orchestrator, unlocking trillions in investments while speeding the race against climate catastrophe—proving that modern platforms like LevelTen are essential to powering the carbon-free future.[2][3]
LevelTen Energy has raised $135.1M in total across 7 funding rounds.
LevelTen Energy's investors include B Capital Group, Kiersten Stead, Firstminute Capital, gener8tor, Prelude Ventures, RRE Ventures, True Ventures, Bradley Horowitz, Active Impact Investments, Founders Co-op, One Way Ventures, Powerhouse Ventures.
LevelTen Energy has raised $135.1M across 7 funding rounds. Most recently, it raised $61.0M Series D in July 2024.