King Energy
About King Energy
King Energy installs solar panels on unused roof and parking lot space of multi-tenant commercial properties, providing clean energy to tenants at reduced rates while paying property owners rent. This approach increases property value and supports sustainability goals without any upfront costs or hassle for property owners.
```xml <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. </problem> <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. </solution> <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 </features> <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. </target_audience> <revenue_model> King Energy generates revenue through the sale of solar energy to tenants and rental income savings from property owners. </revenue_model> ```
What does King Energy do?
King Energy installs solar panels on unused roof and parking lot space of multi-tenant commercial properties, providing clean energy to tenants at reduced rates while paying property owners rent. This approach increases property value and supports sustainability goals without any upfront costs or hassle for property owners.
Where is King Energy located?
King Energy is based in San Luis Obispo, United States.
When was King Energy founded?
King Energy was founded in 2019.
How much funding has King Energy raised?
King Energy has raised 10000000.
- Location
- San Luis Obispo, United States
- Founded
- 2019
- Funding
- 10000000
- Employees
- 80 employees
- Major Investors
- Mangrove Capital Partners, ArcTern Ventures