King Energy

About King Energy

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.

```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 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.

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 $10.0M.

Location
San Luis Obispo, United States
Founded
2019
Funding
$10.0M
Employees
80 employees
Investors
Active Impact InvestmentsBlackhorn VenturesNext Frontier Capital

King Energy

10
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

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.

kingenergy.com1K+
Founded 2019 – San Luis Obispo, United States

Funding

No specific funding rounds found.

Total Funding

$10.0M

Backed by

Active Impact InvestmentsArcTern VenturesBlackhorn VenturesMangrove Capital PartnersNext Frontier Capital

Team (75+)

No team information available.

Company Description

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.

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

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.

Revenue Model

King Energy generates revenue through the sale of solar energy to tenants and rental income savings from property owners.

Sources:

1
This profile is AI-generated from web data and may contain inaccuracies. Want to correct or remove an entry? Owners can claim edits via their company email domain, and signed-in users can submit sourced suggestions.