#USA #Clean Energy #Zurich #LevelTen Energy #ABB Electrification

ABB Partners with LevelTen Energy to Advance Clean Energy Procurement

In an era where the emphasis on sustainability and clean energy solutions is paramount, ABB, a leading technology enterprise in electrification and automation, has taken a significant step forward by forming a strategic partnership with LevelTen Energy. This collaboration includes a minority investment in LevelTen Energy, the largest marketplace for clean energy transactions globally, aimed at enhancing ABB’s capabilities in helping industrial and commercial customers secure affordable, long-term clean energy.

The partnership is set to significantly bolster ABB's offerings in electrification and consulting, encompassing end-to-end solutions that facilitate energy procurement, electrification, optimization, and emissions reduction. One of the key aspects of this collaboration is the integration of ABB’s expertise in digital solutions and energy management with LevelTen’s market-leading platform, thus underscoring ABB’s commitment to cooperating with innovative startups driving the energy transition and providing significant value to clients.

Founded in the United States, LevelTen Energy has successfully facilitated clean energy transactions totaling over 20 gigawatts across more than 35 markets in North America and Europe on behalf of numerous industry stakeholders, including hyperscalers, commercial enterprises, and utilities. This impressive record aims to alleviate challenges businesses face in securing reliable, affordable, and sustainable electricity as they strive toward their net-zero targets.

The Rising Challenge of Clean Energy Access
As organizations navigate increasing pressure to decarbonize their operations, the task of maintaining access to reliable clean power also becomes increasingly complex. Stuart Thompson, Head of ABB’s Electrification Service, noted, “Our customers are under significant pressure to reduce their carbon footprints while also managing energy costs and ensuring reliable operations around the clock. One critical element missing in our current offerings has been a simple path to secure long-term clean energy at a fair price. LevelTen Energy provides exactly this opportunity.”

Through this partnership, ABB aims to broaden its consulting capabilities in energy and CO₂ accounting, assisting clients in transitioning from planning and implementation to continuous optimization and reporting. The collaboration also aligns well with evolving regulatory requirements as businesses move beyond merely offsetting their emissions through renewable energy credits and begin demanding stricter standards regarding when and where clean energy is generated and consumed.

Increasingly, these clients are looking at technologies such as battery energy storage systems and microgrids, areas where ABB possesses extensive expertise. The complementary strengths in clean energy contracting and environmental credit trading offered by LevelTen Energy support businesses in crafting more comprehensive and verifiable decarbonization strategies.

Mutual Growth Opportunities
Both companies are poised to reap substantial growth benefits from this partnership. ABB will have access to LevelTen's extensive network of clean energy developers and projects, thereby unlocking new opportunities for providing monitoring, optimization, and lifecycle services. On the flip side, LevelTen is set to gain from ABB’s deep industry knowledge, global customer relationships—especially in manufacturing, industrial sectors, and commercial enterprise spaces—and ABB’s robust presence in rapidly growing markets such as Asia-Pacific.

Bryce Smith, CEO of LevelTen Energy, emphasized the transformative potential of this strategic partnership, asserting, “This alliance will produce new solutions in clean energy, enabling ABB’s global clientele to effortlessly tap into clean power along with tools for capacity and portfolio management. Together, we have a real chance to assist even more customers in their decarbonization journeys.”

In tandem with investments like its involvement with Gridcog, ABB is continually enhancing its capabilities in energy procurement, consultancy, and CO₂ service offerings to help commercial and industrial clients expedite their energy transitions and make more informed energy decisions. This investment, made through ABB Electrification Ventures, the venture capital arm of ABB’s Electrification division, marks a significant addition to ABB's venture capital strategy and showcases the company's ongoing commitment to building an ecosystem of innovative partners crafting solutions that enhance productivity, efficiency, and sustainability.

ABB’s impressive legacy spans over 140 years, with a global workforce of around 110,000 individuals. With a firm commitment to a sustainable and resource-efficient future, ABB, listed on the SIX Swiss Exchange and Nasdaq Stockholm, continues to pave the way for a cleaner, smarter future through innovative collaborations.

For more information on ABB and LevelTen Energy, visit their respective websites at ABB and LevelTen Energy.