12/06/2021 | Press release | Distributed by Public on 12/06/2021 17:03
CHICAGO, Dec. 6, 2021 - JLL announced that the firm is partnering with LevelTen Energy, a renewable energy platform that boasts the world's largest digital marketplace for procuring renewable energy. This alliance allows JLL clients to seamlessly transition to clean energy by simplifying the power purchase agreement (PPA) process with industry-leading domain expertise, market access, technology and analytics. Combined with JLL's onsite renewable energy services, this partnership for procuring offsite renewable energy enables the firm to provide JLL clients with a holistic solution to decarbonize their energy supply as a key element toward meeting their carbon reduction commitments.
LevelTen Energy's Platform includes access to over 4,000 PPA offers across 21 countries in North America and Europe, and RFP Automation tools to simplify the request for proposal process. It also includes Performance Monitoring Software that simplifies budgeting, forecasting, and reporting by automatically tracking financial settlements, electricity generation, renewable energy certificates, carbon emissions and cashflows. Helping JLL clients reduce real estate carbon emissions is a key pillar for the firm's overarching strategy, which is why JLL is making significant investments to expand its sustainability services capabilities.
This agreement underpins JLL's commitment made earlier this year to achieve net zero carbon emissions by 2040 across all areas of its operations, including the client sites that it manages globally. Shortly after this announcement, JLL launched Sustainable Operations, the real estate industry's only technology-enabled end-to-end sustainability service developed to help companies configure, launch and manage portfolio-wide sustainability programs aligned with their sustainability commitments. The addition of LevelTen Energy to JLL's ecosystem of partners furthers this initiative by conveniently connecting clients to renewable energy developers.
Real estate and infrastructure are estimated to be responsible for close to 40% of global carbon emissions. JLL clients include office, retail, and industrial giants that collectively occupy billions of square feet across the globe, and the LevelTen Platform makes it easier and faster for these companies to procure clean energy, reach sustainability targets, and drive decarbonization efforts substantively forward.
"The renewable energy procurement process is filled with regulations and incentives that vary region by region," said Robbie Hobbs, Chief Product Officer at JLL Work Dynamics. "As a global commercial real estate leader, we are uniquely positioned to provide our clients a solution that supports their entire global portfolio. We're excited to support clients throughout their sustainability journey, including the deployment and procurement of onsite and offsite renewables as part of decarbonizing their energy supply on their path to net zero carbon. With partners like LevelTen Energy, we're able to confidently provide clients with the support that they need by offering the best resources and technology available in the industry."
"LevelTen Energy believes that clean energy should be accessible to companies of all sizes, which is why we have built the platforms and technology to support more transparent and efficient procurement transactions," said Ryan Warren, Chief Commercial Officer at LevelTen Energy. "Our Energy Marketplace enables partners like JLL to help their clients find the right power purchase agreement for them - tailored to different energy needs, budgets, and even social and environmental impact priorities using our Impact+ Score™️."
About LevelTen Energy
LevelTen Energy is the leading provider of transaction infrastructure for the renewable energy economy. The platform delivers buyers, sellers, advisors, and financiers the automation software, data management, and standardized contracts needed to facilitate faster, safer renewable energy transactions. LevelTen's marketplace of renewable energy power purchase agreements is the world's largest, with more than 4,000 pricing offers spanning 21 countries in North America and Europe. LevelTen's CFO-Ready Analytics™ automatically calculate more than a billion data points every day, providing buyers and advisors with leading-edge, real-time risk and value insights at modern market scale. Together, LevelTen and its partners share #OneGoal to accelerate the clean energy transition. Visit us at LevelTenEnergy.com to learn more.
LevelTen Energy, Inc. and its affiliates (collectively, "LevelTen") provides a renewable energy marketplace and platform comprising certain proprietary software, data analytics, contract templates, and related tools and processes, to aggregate renewable energy buyers and sellers, allowing the parties to connect and transact efficiently (collectively, the "LevelTen Platform"). The information contained in this report is provided for general informational purposes only and does not constitute advice regarding the value of or advisability of entering into any particular renewable energy transaction. The information is based upon data inputs to the LevelTen Platform provided by developers and other third parties, and LevelTen makes no representation or warranty as to the completeness, accuracy or reliability of such third-party data. Renewable energy transactions involve substantial risk of loss, and parties are strongly advised to consult with professional and legal advisors prior to entering into any given transaction. Access to or use of the information contained herein does not establish a "client" or "customer" relationship with LevelTen within the meaning of any applicable laws or regulations. The LevelTen Platform is not designed or intended to allow users to place orders or enter into self-executing transactions within the Platform, and the offer, acceptance and contracting process for all transactions shall take place directly between buyer and seller, in their sole discretion, with the LevelTen Platform merely providing tools and information to help facilitate such transactions.