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King Energy
kingenergy.com ↗Builds, owns, and operates solar infrastructure on multi-tenant commercial properties (shopping centers, office buildings), paying property owners rent for roof space and billing tenants directly via its OneBill software
Solar & StorageGrowth (Seed)Durango, COFounded 2020
The interesting angle
Founded 2020 by John Witchel (co-founder of Prosper Marketplace, former SolarCity architect); solves the "split incentive" problem where landlords have no reason to pay for solar tenants would benefit from; manages nearly 200 energy programs across 25M+ sq ft of tenant space; won Breakout Cleantech Company at the 2024 Colorado Cleantech Awards; Western Slope HQ is a nice geographic outlier alongside Skyhook Solar
Related in Solar & Storage
Snapshot
- Funding
- $10M seed (Oct 2024) led by ArcTern Ventures; $150M in committed project financing
- Stage
- Growth (Seed)
- HQ
- Durango, CO
- Founded
- 2020
- Target customer
- Commercial real estate owners and tenants
Links
HQ location
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