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LevelTen Energy's New Initiative: Capacity+

In a notable stride forward, LevelTen Energy has launched its innovative service, Capacity+, designed to cater to the soaring power demands of AI data centers, significant industrial operations, and other energy-intensive facilities. As organizations rush to set up AI-driven environments and eco-friendly manufacturing units, the demand for reliable power generation is expected to surge drastically by 2030, tripling current needs. This surge prompts an urgent requirement for data center developers to engage proactively with local utilities to ensure robust capacity resources.

LevelTen Energy, known for hosting the world’s largest nexus of clean energy developers and buyers, aims to address this pressing challenge. Their recent offering, Capacity+, enables data centers, land developers, manufacturers, and utilities to swiftly identify, assess, and acquire carbon-free energy resources tailored to their specific demands.

Addressing Critical Power Needs

The current landscape necessitates that utilities evolve their strategies to allow large energy consumers to source their own capacity. This not only expedites project timelines but also simplifies the interconnection approval process, which can often hinder growth. For businesses with less extensive power needs, Capacity+ provides resources to help in evaluating co-location options, seeking projects with specific electricity delivery capabilities, negotiating capacity agreements, and mitigating risks associated with resource accreditation.

Jason Tundermann, Chief Innovation Officer at LevelTen Energy, emphasized the urgent need for solutions that break the barriers posed by capacity bottlenecks. “Our new Capacity+ offering provides an alternative pathway to resolve these capacity constraints. Building on our established reputation for transparent and efficient clean energy transactions, this addition is crucial for large energy clients,” he noted.

Earlier this year, the company successfully executed a capacity procurement pilot for Cloverleaf Infrastructure, a powered land development firm, demonstrating Capacity+’s potential in procuring vast capacity options. Through the RFP process, which reached more than 600 power developers across the U.S., a notable variety of responses were gathered, including solar, wind, storage projects, and demand-response solutions.

Brian Janous, co-founder of Cloverleaf Infrastructure, reflected on the advantages of using Capacity+, stating, “We managed to shortlist nearly double the capacity we initially sought. LevelTen's platform offered unprecedented access to potential capacity solutions, revealing numerous desirable options within a few weeks.”

Enhancing Opportunities for Utilities and Producers

With a focus on maximizing revenue and minimizing risks, Capacity+ is strategically designed for utilities, interconnection providers (IPPs), and corporate power purchasing agreement (PPA) owners. Its goal is to establish new transaction possibilities aligned with today's market needs, streamline the offer and negotiation processes, and enhance origination efficiency.

For utilities and power producers, this means more lucrative opportunities, as Capacity+ opens up new avenues to optimize and expand existing capacities while responsibly managing associated risks.

For further details about exploring capacity solutions with LevelTen’s Capacity+, interested parties can fill out a brief form to initiate discussions.

About LevelTen Energy

LevelTen Energy is renowned as the foremost provider of renewable transaction infrastructure. The company delivers essential software frameworks, analytics automation, and strategic expertise required to expedite clean energy transactions. The LevelTen Platform serves as the largest online hub where renewable energy buyers, sellers, advisors, asset owners, and financiers can converge. It provides access to over 4,500 power purchase agreement offers across 28 countries in North America and Europe. Furthermore, LevelTen's Asset Marketplace connects more than 800 renewable energy project developers and owners, facilitating the swift buying, selling, and financing of renewable assets. Through collaborative efforts, LevelTen and its partners share a unified ambition: accelerating the global energy transition.