"LevelTen connects [businesses] with large clean energy projects that are willing to sell them a small amount of energy. “By pooling their demand, they can act as a single large purchaser, which opens up opportunities that would not have been available had they acted alone,” says Zach Starsia, director of accounts at Seattle-based renewable energy platform LevelTen Energy."
"In many of Europe's power markets, this increased access to a host of power suppliers is good news for those looking to buy green electricity...LevelTen is also offering larger buyers the chance to diversify their power purchasing across different sites and suppliers, an option that coffee chain Starbucks Corp. chose for a multi-site PPA in the U.S. in 2019. Even electricity benchmarked in different power price hubs can be aggregated on the platform, adding another layer of diversification."
"Corporate customers are increasing their involvement with renewables, driving development and investment. In June 2019, for example, Starbucks announced its collaboration with LevelTen Energy in a wind and solar aggregation arrangement that sources energy from three separate projects to power more than 3,000 retail stores."
"Within a short time, it became clear to Smith that a new approach [to PPAs] was going to be critically important if the industry were to survive and thrive. Data, analytics, and software would be needed to help the customer better understand and navigate the process. As Smith notes, “I started LevelTen to get more and better transparency into this. Otherwise the whole concept was going to disappear.” To that end, in 2016 the company began developing a PPA Marketplace and dynamic matching software engine to tie potential buyers to renewable projects."
"[LevelTen] 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...The LevelTen platform also provides clear information about a renewable development’s financial outlook and investment risk factors."
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