King Energy develops and operates commercial solar and battery systems for multi-tenant properties at no upfront cost to the property owner. The company generates revenue by renting roof space and distributing clean energy to tenants using proprietary multi-tenant billing software. This model increases property value for owners while providing tenants with reduced utility expenses from renewable power sources.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
AVMCFounders
Product
Problem
Multi-tenant commercial properties often have underutilized roof and parking lot space. Tenants typically pay full price for electricity from the grid, and property owners may not be actively pursuing sustainability initiatives.
Solution
King Energy installs and operates solar panel systems on commercial properties, leveraging unused roof and parking lot space. Through its OneBill™ software platform, King Energy provides clean energy directly to tenants at reduced rates, offering savings on their monthly energy bills. Property owners receive rental income for the space used by the solar panels, increasing the property's net operating income and overall value. This arrangement allows property owners to meet sustainability goals and enhance ESG reporting without upfront capital investment or operational overhead.
Target Audience
The primary target audience includes owners and managers of multi-tenant commercial properties such as shopping centers and industrial buildings, as well as tenants within those properties seeking reduced energy costs.
Features
- Solar panel system installation and maintenance at no cost to the property owner
- OneBill™ software platform for consolidated billing of solar and utility energy usage
- Direct energy sales to tenants at rates lower than standard utility prices
- Rental payments to property owners for the use of roof or parking lot space
- Integration with sustainability and ESG reporting frameworks
- Support for diverse property types across multiple states