Oilfield & Energies

New energy partnership provides carbon reduction boost to large energy footprint firms

Large energy footprint firms will be able to source renewable energy and reach carbon reduction targets faster as part of a new partnership between renewable transaction infrastructure provider LevelTen Energy and energy management experts World Kinect Energy Services.

The new collaboration enables World Kinect to source renewable power purchase agreements for its clients through the LevelTen Platform, which offers the world’s largest PPA marketplace of more than 1,300 projects spanning 21 countries in North America and Europe.

Established over 35 years, World Kinect Energy Services helps customers across all sectors manage their exposure to climate and energy-related risk, delivering its services to more than 150,000 organizations worldwide.

Therese Gjerde, Sr. Director of Sustainability at World Kinect Energy Services, said: “World Kinect Energy Services has a team of more than 5,000 industry experts across the globe, who provide trusted energy advice to help customers acquire the energy they need, reduce their carbon footprint, and protect their budgets.

“With this partnership, our team has a powerful new tool to quickly find and secure PPAs, enabling our clients to reach their goals faster.

“Renewable energy is at the center of the future solutions to combat climate change, and we want to make renewable and low-carbon energy accessible and affordable around the world, utilizing partnerships like this, our infrastructure, and people”

Flemming Sørensen, Vice President of Europe, LevelTen Energy, said: “LevelTen’s mission is to accelerate the energy transition by bringing buyers and sellers together online, and delivering the tools and analysis they need to get deals done quickly.

“We are excited to partner with World Kinect to connect their clients with the best PPAs in the market, which ultimately means more utility-scale clean energy projects will be built, faster.”

The partnership will also provide WKES with access to custom PPA proposals from over 470 project developers using LevelTen’s RFP Automation Tool, while the firm and its clients can also leverage LevelTen’s comprehensive suite of CFO-Ready™ analytics, which calculates over a billion data points a day, to select a PPA that best matches their energy usage, budget, timeline, location, risk tolerance, and more.