ABB invests in LevelTen Energy to advance clean energy procurement

Rhea-AI Summary

ABB (ABB) has entered a strategic partnership and made a minority investment in LevelTen Energy, described as the world’s largest marketplace for clean energy transactions such as power purchase agreements. Financial terms of the investment were not disclosed.

The collaboration enhances ABB’s energy and carbon advisory services by combining its electrification, digital and energy management expertise with LevelTen’s platform, which has facilitated more than 20 GW of clean energy transactions across over 35 markets in North America and Europe. ABB expects access to LevelTen’s ecosystem of developers and projects to create new opportunities for monitoring, optimization and lifecycle services, while LevelTen gains ABB’s sector expertise and global customer reach. The investment is made through ABB Electrification Ventures, which has now invested more than $110 million in 18 startups since 2021 to build an ecosystem supporting productivity, efficiency and sustainability.

Positive

• Strategic partnership and minority stake in LevelTen Energy to expand clean energy procurement services
• LevelTen platform has enabled more than 20 GW of clean energy deals in 35+ markets
• ABB Electrification Ventures has invested over $110 million in 18 startups since 2021

Negative

• None.

Key Figures

Clean energy transactions facilitated: More than 20 GW Markets covered: More than 35 markets ABB Electrification Ventures investments: More than $110 million +3 more

6 metrics

Clean energy transactions facilitated More than 20 GW LevelTen Energy transactions

Markets covered More than 35 markets North America and Europe

ABB Electrification Ventures investments More than $110 million 18 startups since 2021

Startups invested in 18 startups Since 2021

Company history Over 140 years ABB company description

Employees Around 110,000 employees Worldwide

Key Terms

power purchase agreements, environmental attribute certificate trading, battery energy storage systems, microgrids

4 terms

power purchase agreements financial

"clean energy transactions including power purchase agreements (PPAs)"

A power purchase agreement is a long-term contract in which a buyer agrees to purchase electricity from a specific generator at a set price and schedule, much like a multi-year subscription for energy. For investors, these contracts matter because they lock in predictable revenue and price terms, reducing exposure to volatile wholesale power markets and making project cash flows and financing risks easier to evaluate.

environmental attribute certificate trading financial

"clean energy contracting and environmental attribute certificate trading complement"

A market where tradable certificates represent verified environmental benefits—such as renewable energy generation, emissions avoided, or carbon removals—and are bought and sold separately from the physical commodity. Think of the certificate as a receipt that proves a specific green outcome; trading lets companies and investors acquire or monetize those proofs for regulatory compliance, voluntary claims, or accounting of environmental performance. Price and availability can affect corporate costs, revenue streams, and reported sustainability metrics.

battery energy storage systems technical

"technologies such as battery energy storage systems, microgrids"

Large, grid-connected rechargeable battery systems that store electricity for later use, like a giant household battery for cities or power plants. They matter to investors because they help balance supply and demand, enable more renewable energy, reduce outage risk, and create revenue through services such as selling stored power at peak times or participating in grid stability programs, while requiring upfront capital and having performance limits tied to lifespan and degradation.

microgrids technical

"battery energy storage systems, microgrids, and advanced energy management solutions"

A microgrid is a small, localized electricity system that can operate connected to the main power grid or independently, like a neighborhood having its own backup power plant. For investors, microgrids matter because they can reduce energy costs, improve reliability during outages, enable sale of surplus power or grid services, and benefit from policy incentives — all of which can create steady revenue streams and lower operating risk for businesses and communities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Partnership and investment in LevelTen Energy – the world's largest clean energy marketplace – strengthens ABB's ability to support industrial and commercial customers secure affordable, long-term clean energy without compromising speed to power in a complex grid environment
• Enhances ABB's electrification and advisory services by expanding end-to-end solutions spanning energy procurement, electrification, optimization, and emissions reduction
• Highlights ABB's commitment to collaborating with innovative startups that accelerate the energy transition and create customer value

ZURICH, Aug. 6, 2026 /PRNewswire/ -- ABB has formed a strategic partnership and made a minority investment in LevelTen Energy, the world's largest marketplace for clean energy transactions including power purchase agreements (PPAs). Headquartered in the United States, LevelTen has facilitated more than 20 GW of clean energy transactions in more than 35 markets across North America and Europe on behalf of a wide array of industry participants, including hyperscalers, commercial and industrial companies, and utilities.

The strategic partnership and investment strengthen ABB's energy and carbon (E&C) advisory services offering by combining its expertise in electrification, digital solutions and energy management with LevelTen's market-leading platform, Financial details of the investment were not disclosed.

As businesses face increasing pressure to decarbonize operations, securing access to reliable, affordable clean electricity has become one of the most complex challenges on the path to net zero.

"Our customers are under real pressure to reduce their carbon footprint while managing energy costs and maintaining reliable, 24/7 operations," said Stuart Thompson, President of Electrification Service division at ABB. "One important piece missing from the solutions we provide today: a straightforward way to secure long-term clean energy at the right price. LevelTen Energy brings exactly that capability. Through the partnership, ABB will be able to extend its energy and carbon advisory services with renewable energy procurement capabilities, helping customers move from planning and implementation to ongoing optimization and reporting."

The collaboration is particularly relevant as regulatory requirements evolve. More businesses are moving beyond annual renewable energy matching toward more stringent expectations around when and where clean energy is generated and consumed. These customers increasingly rely on technologies such as battery energy storage systems, microgrids, and advanced energy management solutions, areas where ABB has extensive expertise. LevelTen's capabilities in clean energy contracting and environmental attribute certificate trading complement these technologies, helping customers build more comprehensive and verifiable decarbonization strategies.

Thompson added: "The partnership is expected to accelerate growth opportunities for both companies. ABB will gain access to LevelTen's extensive ecosystem of clean energy developers and projects, creating new opportunities to deliver monitoring, optimization and lifecycle services. At the same time, LevelTen will benefit from ABB's domain expertise and global customer relationships, particularly within manufacturing, industrial and commercial sectors, as well as ABB's strong presence in growth markets including Asia-Pacific."

Bryce Smith, CEO of LevelTen Energy, said: "This strategic partnership will generate new clean energy solutions, allowing ABB's global customers to seamlessly tap into clean power, capacity and portfolio management tools. Together, we have a real opportunity to help even more customers decarbonize."

Together with recent investments such as Gridcog, ABB is expanding its capabilities across energy procurement, advisory and energy and carbon services to help commercial and industrial customers accelerate their energy transition and make more informed energy decisions.

This investment through ABB Electrification Ventures, the venture capital arm of ABB's Electrification business area, is a key addition to ABB's venture capital investments, reflecting the company's commitment to building an ecosystem of innovative partners developing solutions that support productivity, efficiency and sustainability. With this latest partnership, ABB Electrification Ventures has invested more than $110 million in 18 startups since 2021.

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. ABB's shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

LevelTen Energy - https://www.leveltenenergy.com 

Contact: 
Prenade Makumborenga
prenade.makumborenga@thisisdefinition.com
+27 (0)69 564 4147

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SOURCE ABB

FAQ

What did ABB (ABB) announce about its investment in LevelTen Energy on August 6, 2026?

ABB announced a strategic partnership and minority investment in LevelTen Energy on August 6, 2026. According to ABB, the deal enhances its energy and carbon advisory services by adding renewable energy procurement capabilities based on LevelTen’s clean energy marketplace platform.

How does the LevelTen Energy partnership benefit ABB’s clean energy offering for industrial customers?

The partnership gives ABB access to LevelTen’s clean energy marketplace and developer ecosystem. According to ABB, this allows it to combine electrification, storage and energy management technologies with long-term renewable procurement tools, supporting more comprehensive decarbonization strategies for commercial and industrial customers.

How many gigawatts of clean energy transactions has LevelTen Energy facilitated for ABB’s new partner platform?

LevelTen Energy’s platform has facilitated more than 20 GW of clean energy transactions. According to ABB, these transactions span over 35 markets in North America and Europe, involving hyperscalers, industrial companies, commercial customers and utilities seeking long-term renewable power purchase agreements.

Were the financial terms of ABB’s minority investment in LevelTen Energy (ABB) disclosed?

No, the financial terms of ABB’s minority investment in LevelTen Energy were not disclosed. According to ABB, the investment is made through ABB Electrification Ventures as part of a broader strategy to back startups that support productivity, efficiency and sustainability.

What role does ABB Electrification Ventures play in the LevelTen Energy deal?

ABB Electrification Ventures is the investing entity for the LevelTen Energy stake. According to ABB, this venture arm has now invested more than $110 million in 18 startups since 2021, building an ecosystem of partners focused on energy procurement, advisory and decarbonization services.

How might the ABB–LevelTen Energy partnership impact clean energy procurement strategies for ABB customers?

The partnership is designed to streamline access to long-term clean energy contracts and certificates. According to ABB, combining LevelTen’s contracting and attribute trading tools with ABB’s microgrids, storage and energy management systems supports more verifiable and location-specific decarbonization strategies for customers.