2024 marked a record-breaking year for King Energy as the industry leader continued to transform the commercial solar space. Building momentum off past growth, the company secured a $10 million investment round led by ArcTern Ventures and documented their successes in the newly-launched 2024 Impact Report.
To end the year, King Energy received the Breakout Cleantech Company award at the 2024 Colorado Cleantech Awards Celebration. The award highlights how King Energy’s approach to project funding is reshaping clean energy adoption in commercial real estate—delivering both financial and environmental returns.
About the Colorado Cleantech Awards
An annual ceremony, the Colorado Cleantech Awards celebrate companies driving growth in sustainable technology and clean energy adoption. Hosted by the Colorado Cleantech Industries Association, the event brings together executives, policymakers, and entrepreneurs to recognize the state’s most impactful cleantech companies.
Since its start in 2008, the group has sought to accelerate the development, commercialization, and adoption of clean technologies to promote decarbonization. Their work contributes to Colorado’s sustainable growth, and they actively advocate for legislation and provide funding to accelerate development in the space.
The Breakout Cleantech Company Award specifically recognizes leading organizations that create scalable, market-ready solutions benefiting both the environment and the economy. Past recipients have come from diverse backgrounds, with leaders in clean energy storage, reporting software, and thermal solutions receiving acknowledgment.
Transforming Commercial Solar Adoption
King Energy earned this recognition by solving a fundamental challenge in commercial solar adoption: making it financially beneficial for all parties involved. Their roof rental model turns unused commercial rooftops into reliable revenue for property owners while providing tenants with discounted clean energy.
This approach removes the traditional barriers to solar adoption like the split-incentive problem. Property owners receive monthly rent payments without capital investment or operational responsibility. Tenants gain access to affordable clean energy without complex agreements or upfront costs. Distributed energy resources see greater market penetration and utility energy sees less use.
The model’s effectiveness shows in the numbers. Across their nationwide footprint, King Energy has delivered $110M in added property value since 2021 while avoiding 16,000 tons of CO2 emissions. Their systems consistently deliver value for property owners while making clean energy accessible to businesses of all sizes.
What the Colorado Cleantech Award Means for King Energy
The cleantech space is on an upward trajectory with a 20.56% increase in growth in 2024, and this recognition positions King Energy to be the authority in financing for commercial solar. Their no-cost financial structure brings upside to all commercial properties, from shopping centers to office parks.
An important piece of the success of this model is King Energy’s custom-built infrastructure. Their enterprise-grade software platform, OneBill, overcomes the hurdle of effectively allocating and billing for power, offering property owners scalable solutions that work reliably at scale.
These measuring systems also empower owners to effectively report on difficult-to-quantify sustainability measures to reach their ESG goals. OneBill specifically offers insights into tenant energy usage and mix, enabling accurate reporting on Scope 3 emissions.
The Colorado Cleantech Award celebrates an essential piece of King Energy’s approach: making solar make financial sense. By focusing on financial returns and operational simplicity, they’ve created a model that appeals to practical business decision-makers while also advancing clean energy adoption.
Building into 2025 and Beyond
King Energy’s recognition as a breakout cleantech company positions the company for continued future growth. With goals to create $1 billion in future property value and generate carbon reductions to match, the company is scaling its no-cost solar model to serve more commercial properties and install more square footage of solar.
Currently operating in 11 states, the company continues to expand its impact across markets and property types. Already investing over $139 million into shopping centers, industrial spaces, and office buildings across America, building long-term partnerships with owners that create upside for all.
As commercial real estate continues its transition toward sustainability, King Energy stands at the forefront of making decarbonization both attainable and financially sound. Their success shows that with the right approach, environmental responsibility and profitability can go hand in hand.
Discover how King Energy is making solar accessible, reliable, and profitable
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