A commercial real estate firm, JLL will enable its clients to transition to clean energy by turning offtakers for renewable energy through its partnership with LevelTen Energy, a digital marketplace to procure renewable energy.
LevelTen Energy with its over 4,000 power purchase agreement (PPA) offers in 21 nations in North America and Europe will streamline request for proposals (RFP) process for JLL's clients connecting them with renewable energy developers.
The partnership is aimed at ensuring prospective corporate offtakers to procure clean energy in an easier and faster way thereby achieving their sustainability targets and drive decarbonization efforts since real estate and infrastructure are counted to be responsible for some 40% of global carbon emissions.
LevelTen will provide customized solutions to various JLL clients basis their energy needs, budgets and socio-environmental impact priorities. A Fortune 500 company, JLL operates in more than 80 nations as part of the Jones Lang LaSalle Incorporated.
"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. "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."
LevelTen Energy is backed by investors including Google that contributed to the company's $35 million Series C funding round in August 2021 (see LevelTen Energy Raises $35 Million Funding).
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