From the wonky but important files: Google and LevelTen Energy, a renewables transaction platform, say they’ve unlocked ways to accelerate corporate procurement deals, Ben writes.
Why it matters: Corporate buys are a key driver of solar and wind projects as companies — led by tech giants — look to meet sustainability goals.
Yes, but: Google and LevelTen say complex negotiations over power purchase deals can be improved — a lot.
- Talks can drag on a year-plus as buyers often have limited personnel while sellers have “finite time to dedicate to any one project,” Google energy execs say in a post.
How it works: Google and LevelTen say their standardized, “scaleable” approach to solicitations and contract negotiations is about 80% faster.
- For instance, it has upfront risk-management features and a “transparent and reliable way for sellers to verify how their offers are evaluated in real time.”
- This cuts the risk of sellers entering into lengthy talks only to later determine the terms don’t work.
What’s next: The platform is currently available to sellers negotiating with Google.
- “However, soon, other buyers will have access to the platform and process through LevelTen,” a Google rep tells Ben.