LevelTen Energy, an operator of global marketplaces for energy and asset sales, launched LevelTen MarketPulse, cloud-based software that provides access to real-time data and analytics on renewable energy projects based on real market activity in North America and Europe.
MarketPulse lets clean energy developers, buyers and investors analyze the market and to inform purchase decisions, leveraging PPA and renewable project data from an industry hub for clean energy transactions.
Traditionally, there are roadblocks to obtaining PPA pricing: price offers are typically shared directly between buyers and sellers, and often during weeks-long RFP processes that can result in outdated prices by the time they are completed. LevelTen is trying to make a centralized marketplace for clean energy buys, sellers, investors and analysts to get data necessary for benchmarking, modeling and analysis.
“MarketPulse expands LevelTen’s platform and delivers greater transparency into the PPA market. MarketPulse empowers energy sellers to price their PPAs more effectively, buyers to quickly compare and benchmark price offers and investors to conduct thorough due diligence and inform financial models,” said Prasun Chaudhury, director of Data Solutions at LevelTen Energy. “Instant access to fresh data is even more critical in today’s volatile energy market, which has been changing rapidly over the past two years.”
Since last year, renewable PPA price offers have risen approximately 30% in North America and 47% in Europe.
LevelTen MarketPulse is powered by anonymized data from the LevelTen Energy Marketplace, an online PPA marketplace that connects buyers and sellers. More than 90% of renewable energy developers in North America and more than 60% of developers in Europe use LevelTen Energy Marketplace.
MarketPulse includes tools to analyze and visualize market trends. PPA data can be filtered by searches for price data based on geography, development maturity and other attributes. The software also shows historical PPA price trends and projected settlement values.
Charts and maps illustrate where projects are located and where demand is concentrated. MarketPulse subscribers can also download the underlying data to plug into their financial models.
“We built LevelTen MarketPulse with input from renewable energy professionals who wanted a tool that would help them build better models and save time on market analysis,” Chaudhury said. “We believe we’ve created one of the most advanced PPA data tools on the market, and we are excited to continue expanding its features in the months to come.”
News item from LevelTen Energy
The claim of supplying information to buyers and sellers I’m skeptical of at first blush. I can see this working at the wholesale energy level between large utility purchases and large generation facilities serving the wholesale energy market. With aggregate VPP programs from small residential and small businesses can become problematic with issues of “avoided costs” of having a distributed ESS and generation resource as aggregate energy on demand. Do you credit this small but aggregated composit as a much larger generation resource at the wholesale price or do you allow emergency capacity charges and standby charges that can be upwards of $2,000/MWh or $2/kWh in 15 minute intervals along the grid? Overall electric utilities are going to have to find a way to partner and compensate those thousands, hundreds of thousands to perhaps millions of residential and small businesses that will have solar PV and smart ESS in the near future.
The bottom line on all of this, LevelTen energy is looking to insert itself in the revenue stream in energy generation, storage and dispatch. When the technology available now allows adopters of the technology, solar PV, smart ESS and maybe even wind generation to remove the middleman from the daily energy use stream. This is where YOU make money not the corporate opportunists.