LevelTen Energy Had a Record-Breaking 2024 Powering the Clean Energy Transition

February 25, 2025

by LevelTen Energy

2024 was a transformative year for LevelTen Energy and the clean energy industry. Even as developers and buyers navigated a complex market—marked by rising PPA prices, tightening capital markets, and ongoing regulatory uncertainty—momentum for the energy transition remained strong.

Together with its network of clean energy project developers, advisors and buyers, LevelTen Energy achieved unprecedented milestones, reinforcing our commitment to accelerating the energy transition. We empowered a record-breaking number of transactions, scaled core lines of the business, raised a Series D funding round, and accelerated new transaction infrastructure to unlock more funding for clean energy project development.

• Facilitated 62 PPAs worldwide: Amid market volatility, we facilitated 45% more PPAs than in 2023, totaling 154 million MWh of clean energy. That’s enough megawatt hours to power both Michigan and Colorado—or nearly all of Catalonia, Spain—for a year.
• LEAP™ - 3.3 GW of Clean Energy procured 5x faster than traditional methods: LEAP™ (LevelTen Energy’s Accelerated Process) is redefining clean energy procurement, delivering PPAs 5x faster while ensuring a fair, efficient process for both buyers and developers.
• 16 new European markets: We significantly broadened our geographical reach to better support our customers and accelerate clean energy development in high-emissions areas.
• Raised $65M in Series D: In July 2024, LevelTen Energy secured $65 million in Series D funding, led by B Capital, with participation from Google, Microsoft’s Climate Innovation Fund, and other leading investors. This milestone accelerates our expansion into Granular Certificates and Tax Credit Marketplaces.
• Delivering value amid M&A market challenges: Rising interest rates slowed M&A activity overall in 2024, but despite this, LevelTen launched over 50 auctions and closed significant deals, including our largest to date.
• Invested in the future with the Energy Scholars: Our Energy Scholars Program addresses the energy sector's opportunity gap by providing underrepresented college students with a fully-funded clean energy experience.

Innovations in Clean Energy

Tax Credit Marketplace Gains More than $1B in Demand, Nearly $2B in Supply—Unlocking New Avenues for Corporate Sustainability

Since launching in April 2024, LevelTen’s Tax Credit Marketplace has rapidly gained traction, generating more than $1 billion in buyer demand and nearly $2 billion in sell-side supply as tax credits become a key component of multiple corporate strategies.

Closing the Gap in Hourly Clean Energy Tracking & Infrastructure

Near-term demand for Granular Certificates (GCs) has reached 27 TWh annually—enough to power 2.5 million homes. Modernizing energy attribute certificate (EAC) registries is critical to enabling this market. In 2024, LevelTen and the Granular Certificate Trading Alliance (GCTA) launched the Registry Acceleration Fund.

With support from GCTA members and the Intercontinental Exchange (ICE), LevelTen Energy is developing a first-of-its-kind trading and management platform for time- and location-based energy attribute certificates.

Looking Ahead to 2025

• Navigating Policy and Regulatory Uncertainty: Shifting policies may present opportunities for those who can quickly assess their impact and adjust their strategy.
• A More Competitive PPA Market: Uncertainty in permitting, supply chains, and financing is slowing new project development, tightening supply in many regions.
• Managing Financial Complexity in Clean Energy Procurement: Companies must take a strategic approach to managing risk, optimizing incentives, and structuring deals effectively.

LevelTen Energy provides the data, marketplace access, and transaction tools to help buyers and developers navigate uncertainty and move forward with confidence. Whether you're looking to secure a PPA, optimize tax credit transactions, or accelerate project M&A, we can help.