Bloomberg: Wind and Solar Deals Popular With Tech Giants Opening to All

LevelTen News
January 22, 2018

Bloomberg Technology described how the LevelTen Marketplace opens up renewable energy deals to everyone.

Here is an excerpt from the article:

Buying electricity from big wind and solar farms has long been the province of tech giants. An exchange opening Tuesday aims to open those deals up to everyone.

LevelTen Energy Inc. has lined up more than 800 clean-energy projects for an online clearinghouse designed for small and mid-sized companies to buy power, Bryce Smith, founder and chief executive officer of theclosely held Seattle-based company, said in a phone interview Sunday.

The effort is designed to broaden the market for so-called power purchase agreements with big renewable-energy projects. That arena has typically been confined to the likes of Amazon.com Inc., Alphabet Inc.'s Google and others with ravenous appetites for electricity and deep enough pockets to buy power by the gigawatt.

Bloomberg New Energy Finance analyst Kyle Harrison said LevelTen's exchange may "open the door for a lot of smaller companies to enter the space" by allowing them to take advantage of economies of scale offered by utility-scale projects.

For example, companies seeking to buy 60,000 megawatt-hours of electricity annually could buy from a large project that generates ten times that amount -- perhaps for a price that's' much as 40 percent less than from a smaller operation, Smith said.

To read the full article, visit Bloomberg.com.

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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