About LevelTen Energy
Company Overview
LevelTen Energy
HeadquartersSeattle, WA, United States
Founded2016
SizeApproximately 50 employees (source: linkedin.com). Revenue data from 2023 onward is not available.
What They Do
LevelTen Energy specializes in providing transaction infrastructure for the renewable energy sector. The company has developed a sophisticated software platform and marketplace that connects all participants in the clean energy transaction ecosystem, primarily facilitating power purchase agreements (PPAs), which are essential for financing and building renewable energy projects (source: leveltenenergy.com). Their core technology includes the Dynamic Matching Engine, which performs approximately 26 million calculations per day to help buyers compare renewable projects across various geographies and technologies. This innovative approach allows for a more efficient procurement process, significantly reducing the time and expertise traditionally required in renewable energy transactions (source: leveltenenergy.com).
Projects & Track Record
LevelTen Energy has facilitated over $14.8 billion in power purchase agreements, asset sales, and other clean energy transactions since its inception. This includes the procurement of more than eight gigawatts of clean energy capacity (source: leveltenenergy.com). Notable transactions include a collaborative PPA executed by major corporations such as Bloomberg, Salesforce, and Workday, which established new procurement models for the industry. The platform has also enabled Starbucks to execute innovative portfolio transactions, showcasing its capability to handle complex procurement needs (source: leveltenenergy.com).
Recent Developments
In July 2024, LevelTen Energy closed a significant $65 million Series D funding round, led by B Capital, with participation from major investors including Microsoft and Google. This funding is aimed at expanding the platform into new markets, particularly focusing on granular certificates and clean hydrogen, indicating a strategic diversification beyond traditional PPAs (source: leveltenenergy.com). The company has also achieved milestones connecting over 1,000 project developers and 50 energy advisors, positioning itself as a global hub for carbon-free energy transactions (source: leveltenenergy.com).
Working There
LevelTen Energy's organizational structure spans multiple functional areas, including engineering, product development, and customer success roles. The company has been recognized for its positive workplace culture, receiving awards such as Built In Seattle's "Best Places to Work" in 2018 (source: leveltenenergy.com). With a focus on solving industry problems and making renewable energy procurement accessible, the company attracts purpose-driven employees who are passionate about addressing the climate crisis. The rapid growth and involvement of prominent investors suggest a dynamic and energetic work environment (source: leveltenenergy.com).
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