Fast Company: Why Salesforce, Gap, Bloomberg, and others are teaming up to buy solar

LevelTen News
January 17, 2019

On January 17, 2019, Fast Company covered our groundbreaking aggregation deal with five global companies.

Here are a few excerpts from the article:

"Separate to the conversation happening between those five businesses, a Seattle-based startup, LevelTen Energy, was coming up with an answer. The company launched three years ago with the idea to develop a marketplace-'sort of like a matchmaking service,' says CEO Bryce Smith-to connect potential energy buyers with renewable projects in development across the country. LevelTen's marketplace, which came around a year ago, is designed to help smaller companies, or those with lighter energy needs, purchase slices of renewable energy projects that fit their needs."

"...if a company wants to purchase, say, 10 megawatts (for comparison, Apple recently brought a 200-megawatt solar farm online), LevelTen's platform will show them projects that would enable them to purchase that share. And the platform would match them with other companies looking to make similar, smaller energy purchases so they could team up and aggregate demand."

"The LevelTen platform also provides clear information about a renewable development's financial outlook and investment risk factors, which is crucial for smaller companies trying to convince stakeholders that purchasing renewable energy is a good idea. 'If you're setting up purchasing agreements with five companies, then suddenly there are maybe 50 people-executives, sustainability managers, board directors-who have to sign off on it,' Smith says. He hopes the LevelTen platform will be able to demystify the risk and financial implications of investing in renewable energy, and make it more commonplace for smaller companies."

To read the full article, visit Fast Company.

LevelTen Energy

LevelTen Energy is the leading provider of transaction infrastructure for the renewable energy economy. The platform delivers buyers, sellers, advisors, and financiers the automation software, data management, and standardized contracts needed to facilitate faster, safer renewable energy transactions. LevelTen’s marketplace of renewable energy power purchase agreements is the world’s largest, with more than 4,000 pricing offers spanning 21 countries in North America and Europe. LevelTen’s CFO-Ready Analytics™ automatically calculate more than a billion data points every day, providing buyers and advisors with leading-edge, real-time risk and value insights at modern market scale. Together, LevelTen and its partners share #OneGoal to accelerate the clean energy transition

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