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ABB Partners with LevelTen Energy

In a groundbreaking strategic alliance, ABB has entered a partnership and made a minority investment in LevelTen Energy, the leading clean energy marketplace globally. This collaboration aims to enhance ABB's capabilities in energy procurement, particularly for industrial and commercial sectors, emphasizing an increasing need for sustainable energy solutions.

LevelTen Energy stands out in the clean energy sector, having facilitated over 20 gigawatts of clean energy transactions across more than 35 markets in North America and Europe. The company is recognized for its robust platform that streamlines Power Purchase Agreements (PPAs), making it easier for a diverse range of clients, including hyperscalers and utility companies, to secure affordable, long-term clean energy.

Strengthening Advisory Services

This partnership is particularly significant as it strengthens ABB's energy and carbon advisory services. By integrating LevelTen's market-leading platform with ABB's expertise in electrification and energy management, clients will benefit from comprehensive solutions that span energy procurement to emissions reduction.

Stuart Thompson, President of ABB’s Electrification Service division, highlighted the current challenges businesses face in minimizing their carbon footprints while managing energy costs. “Our customers are under real pressure to reduce their carbon footprint while managing energy costs and maintaining reliable operations,” Thompson remarked. He emphasized that the partnership bridges the gap by providing a straightforward path to securing long-term clean energy at competitive prices.

Evolving Market Demands

As regulatory frameworks evolve, companies are pressured to transition beyond basic renewable energy matching to more complex expectations about the timing and sources of clean energy consumption. LevelTen’s expertise in clean energy contracting and trading of environmental attribute certificates serves to bolster ABB's offerings in battery energy storage systems, microgrids, and advanced energy management technologies.

“This partnership is set to uncover significant growth opportunities for both entities,” Thompson stated, indicating that ABB would gain access to LevelTen's extensive network of clean energy developers, paving the way for greater opportunities to deliver services that optimize energy use. Simultaneously, LevelTen stands to gain from ABB’s extensive customer relations and industry expertise, especially in key markets like Asia-Pacific.

A Vision for Sustainable Partnership

Bryce Smith, CEO of LevelTen Energy, expressed enthusiasm for the alliance, stating that the strategic partnership will lead to the development of innovative clean energy solutions. “Together, we have a real opportunity to help even more customers decarbonize,” Smith noted.

This investment is part of ABB’s broader strategy to build a network of innovative partners. Having invested over $110 million in 18 startups since 2021 through ABB Electrification Ventures, the move to partner with LevelTen further aligns with ABB’s commitment to sustainability and enhancing their service offerings.

ABB, known for its pioneering work in electrification and automation technology, aims to leverage this partnership to enable a more resource-efficient and sustainable future for industries around the world. With over 140 years of experience and a substantial workforce, ABB continues to lead in providing solutions that help businesses operate more efficiently while focusing on sustainability.

In conclusion, as global demand for clean energy continues to rise, the collaboration between ABB and LevelTen Energy not only facilitates the procurement of sustainable energy but also represents a decisive step towards achieving broader environmental goals. Clients now have at their disposal, an enriched suite of services designed to optimize energy consumption and minimize environmental footprints, marking a significant advancement in the energy sector.