ABB Expands Clean Energy Services with LevelTen Energy Investment

Swiss engineering and technology giant ABB has announced a strategic move to broaden its clean energy offerings by forming a partnership and making a minority investment in LevelTen Energy, a leading US-based clean energy marketplace.

This collaboration enables ABB to expand its services beyond electrification, allowing clients to access a wider range of renewable energy procurement options. LevelTen Energy's platform connects corporate renewable energy buyers with power project developers, facilitating more clean energy deals.

  • ABB's investment will support LevelTen Energy's growth and expansion into new markets.
  • This strategic partnership aligns with ABB's commitment to sustainability and the transition to a low-carbon future.
  • ABB's clients will benefit from enhanced access to renewable energy projects, helping them meet their own sustainability goals and comply with emerging CSRD and SFDR regulations.

As the demand for ESG reporting and carbon accounting increases, ABB's expanded clean energy services will enable enterprises to better track and reduce their carbon footprint, ultimately aiding compliance with evolving sustainability standards.