LevelTen Energy is expanding its two-sided renewable energy procurement marketplace to Europe. The LevelTen Marketplace now has projects available across Europe, including the UK, Ireland, France, Spain, Netherlands, Germany, and Italy.
Coinciding with the expansion of its Marketplace to Europe, LevelTen has already secured commitments to launch its first European RFPs on behalf of global Fortune 500 entities.
LevelTen’s Marketplace, an online platform that launched in North America in early 2018, reduces the cost, complexity, and risk of renewable energy power purchase agreements (PPAs) by offering advanced analytics, standard documentation, and process best practices to both buyers and sellers. Since the platform’s launch, Fortune 500 companies have procured more than US$ 1 billion of clean energy using LevelTen’s technology.
The expansion of the Marketplace to Europe comes at a critical time for corporate energy buying. According to BloombergNEF, European companies doubled their PPA activity from 2017 to 2018.
LevelTen’s goal is to provide its customers with accurate, comprehensive information about every renewable energy asset under development, with constantly updated information about development status, offer pricing, and daily benchmarking of value and risk metrics. Alongside its global Marketplace, LevelTen offers end-to-end procurement services that help corporate buyers research, procure, and monitor renewable energy investments from start to finish, bringing market transparency and rigorous standards to this fast-growing market. LevelTen’s product suite includes Dynamic Matching, RFP Automation, PPA Advisory Services, and PPA Performance Monitoring.