LevelTen Energy, which runs a digital power purchase agreement platform, has opened a new office in Madrid in Spain and has hired a vice president for Europe.
Flemming Sorensen (pictured) will be based in the new office.
Sorensen’s previous roles include PPA origination at Orsted, energy sourcing at Novo Nordisk, where he led its RE100 strategy, and portfolio management at Energi Danmark.
He said: “Having been a corporate buyer, I experienced first-hand how difficult it is to procure renewable energy, especially in different countries, each with their own market dynamics.
“LevelTen is making the experience dramatically better and enabling buyers to make better decisions, reducing their risk. I am excited to play a role in accelerating the renewable energy transition in Europe by introducing more buyers and sellers to the LevelTen platform.”
LevelTen’s platform offers more than 3800 renewable energy PPA offers from over 1100 projects under development.
More than 350 international developers have uploaded projects to the LevelTen’s marketplace, spanning 21 countries across North America and Europe.
LevelTen has improved its buyer interface to enable buyers to compare the risk and value of each PPA available, not just the price.
LevelTen’s CFO-Ready analytics engine provides information on how a PPA offer on the marketplace is projected to perform under a range of potential future scenarios.
The analysis reduces risk for buyers, said LevelTen.