Energy311
We help property owners sell solar power to tenants at local utility rates.
We help property owners sell solar power to tenants at local utility rates.
Energy311 is a startup in the energy industry, founded in 2020 with its headquarters in the United States. The company's slogan "We help property owners sell solar power to tenants at local utility rates" reflects its core mission. Energy311 provides a billing solution that enables property owners to sell clean energy to commercial property owners at market rates, thereby transforming idle-roof assets into a new revenue stream.
The company addresses the frustration of seeing numerous commercial buildings without solar installations due to the economic disincentives for property owners. Energy311 aims to overcome this challenge by making the economics work, offering a return on investment of over 12% IRR, ROI in less than 5 years, and discounted power for tenants. This solution is particularly relevant for buildings such as cold storage warehouses, hospitals, strip malls, manufacturing and industrial facilities, grocery stores, and grow farms, which are high-energy users.
Notably, Energy311 secured its last investment through a Seed Round from Blue Startups on 25 August 2020, highlighting investor confidence in the company's innovative approach to sustainable energy solutions.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | Unknown | 1 |
|
25 Aug 2020 |
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