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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 & Storage
Funding
$10M seed (Oct 2024) led by ArcTern Ventures; $150M in committed project financing
Stage
Growth (Seed)
HQ
Durango, CO
Founded
2020
The Current 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
Leadership
- JWJohn WitchelCEO & Co-Founder
Snapshot
- Target customer
- Commercial real estate owners and tenants
HQ location
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