JLL’s sustainability domain expertise combined with LevelTen Energy’s digital marketplace will enable efficient sourcing of renewable energy and assets for JLL clients
JLL announced that the firm is partnering with LevelTen Energy, a renewable energy platform that boasts the world’s largest digital marketplace for procuring renewable energy. This alliance allows JLL clients to seamlessly transition to clean energy by simplifying the power purchase agreement (PPA) process with industry-leading domain expertise, market access, technology and analytics. Combined with JLL’s onsite renewable energy services, this partnership for procuring offsite renewable energy enables the firm to provide JLL clients with a holistic solution to decarbonize their energy supply as a key element toward meeting their carbon reduction commitments.
LevelTen Energy’s Platform includes access to over 4,000 PPA offers across 21 countries in North America and Europe, and RFP Automation tools to simplify the request for proposal process. It also includes Performance Monitoring Software that simplifies budgeting, forecasting, and reporting by automatically tracking financial settlements, electricity generation, renewable energy certificates, carbon emissions and cashflows. Helping JLL clients reduce real estate carbon emissions is a key pillar for the firm’s overarching strategy, which is why JLL is making significant investments to expand its sustainability services capabilities.
This agreement underpins JLL’s commitment made earlier this year to achieve net zero carbon emissions by 2040 across all areas of its operations, including the client sites that it manages globally. Shortly after this announcement, JLL launched Sustainable Operations, the real estate industry’s only technology-enabled end-to-end sustainability service developed to help companies configure, launch and manage portfolio-wide sustainability programs aligned with their sustainability commitments. The addition of LevelTen Energy to JLL’s ecosystem of partners furthers this initiative by conveniently connecting clients to renewable energy developers.
Real estate and infrastructure are estimated to be responsible for close to 40% of global carbon emissions. JLL clients include office, retail, and industrial giants that collectively occupy billions of square feet across the globe, and the LevelTen Platform makes it easier and faster for these companies to procure clean energy, reach sustainability targets, and drive decarbonization efforts substantively forward.
“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. “As a global commercial real estate leader, we are uniquely positioned to provide our clients a solution that supports their entire global portfolio. 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. With partners like LevelTen Energy, we’re able to confidently provide clients with the support that they need by offering the best resources and technology available in the industry.”
“LevelTen Energy believes that clean energy should be accessible to companies of all sizes, which is why we have built the platforms and technology to support more transparent and efficient procurement transactions,” said Ryan Warren, Chief Commercial Officer at LevelTen Energy. “Our Energy Marketplace enables partners like JLL to help their clients find the right power purchase agreement for them – tailored to different energy needs, budgets, and even social and environmental impact priorities using our Impact+ Score™️.”
