When was Xcel Energy founded?

Xcel Energy was founded in 1904 and raised its 1st funding round 114 years after it was founded.

Where is Xcel Energy located?

Xcel Energy is headquartered in Minneapolis, United States. It is registered at 16 LENNOX ROAD,BLETCHLEY,MILTON KEYNES,BUCKS,ENGLAND,MK2 2HH.

How many employees does Xcel Energy have?

As of Aug 31, 2026, the latest employee count at Xcel Energy is 12261.

Is Xcel Energy a funded company?

Xcel Energy is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Post IPO round, raised on Nov 05, 2018.

When was the latest funding round of Xcel Energy?

Xcel Energy's latest funding was a $***** Grant (prize money) round on Oct 18, 2023, with participation from 1 investor.

What is the annual revenue of Xcel Energy?

Annual revenue of Xcel Energy is more than $1B as on Dec 31, 2025

Where does Xcel Energy rank among its competitors?

Xcel Energy ranks 5th amongst 193 active competitors, of which 16 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was ReNew, which secured $95M in Mar, 2026.

Who are the top competitors of Xcel Energy?

Xcel Energy's top competitors include NextEra Energy, ReNew and Duke Energy. Among them, ReNew secured the most recent funding round in March, 2026.

Xcel Energy - 2026 Company Profile, Funding, Competitors & Financials

Company Details

Xcel Energy is an energy company which engages in the generation, purchase, transmission, distribution, and sale of electricity & natural gas. Their clientele includes individuals & businesses across eight Western & Midwestern States of the US.In 2022, the company recorded annual revenues of $15.31B and a net profit of $1.73B.

Website: my.xcelenergy.com/s/
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Registered Address: 16 LENNOX ROAD,BLETCHLEY,MILTON KEYNES,BUCKS,ENGLAND,MK2 2HH

Key Metrics

Founded Year

1904

Location

Minneapolis, United States

Stage

Public

Latest Funding Round

Grant (prize money), Oct 18, 2023, $*****

Investors

Booner Capital & 2 more

Ranked

5^th among 193 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

12,261 as on Aug 31, 2026

Investment & Acquisitions

Powerphase

Similar Companies

NextEra Energy & 280 more

Exit Details

Public

View Xcel Energy's full profile

Xcel Energy is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
XCEL GROUP HOLDINGS LIMITED CIN: 10588654 , United Kingdom, Active	Jan 26, 2017	£0 - £1M (As on Jan 31, 2025)	1 (As on Jan 31, 2025)
XCEL ENERGY INC CIN: 72903 , United States, Active		$1B+ (As on Dec 31, 2025)	11380 (As on Dec 31, 2024)	-

Xcel Energy got listed on Aug 05, 1993.

Click here to take a look at Xcel Energy's IPO in detail

Xcel Energy has raised funding over 2 rounds. Its first funding round was on Nov 05, 2018. Its latest funding round was a Grant (prize money) round on Oct 18, 2023 for $*****. 1 investor participated in its latest round. Xcel Energy has 3 institutional investors.

Here is the list of recent funding rounds of Xcel Energy:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 18, 2023	8239445	Grant (prize money)	1817463	2849669	9317005	1282117
Nov 05, 2018	8344332	Post IPO	8509459	3588737	9797160	Levin Capital Strategies

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View details of Xcel Energy's funding rounds and investors

Xcel Energy's employee count trend

Xcel Energy has 12,261 employees as of Aug 26. Here is Xcel Energy's employee count trend over the years:

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Top competitors of Xcel Energy include NextEra Energy, ReNew and Duke Energy. Here is the list of Top 10 competitors of Xcel Energy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	NextEra Energy 1925, Juno Beach (United States), Public	Developer of energy solutions	-	Alcor Fund, Wider Sky & 5 others	78/100
2nd	ReNew 2011, Gurugram (India), Public	Developer of wind & solar energy, hybrid, and hydro power projects	$1.64B	CPP Investments, ADIA & 28 others	76/100
3rd	Duke Energy 1904, Charlotte (United States), Public	Producer and distributor of renewable electricity	-	Elliott Management, Goldman Sachs & 2 others	75/100
4th	Acciona Energy 1997, Madrid (Spain), Public	Provider of renewable energy solutions	$567M	KKR, Triodos Investment Management & 3 others	73/100
5th	Xcel Energy 1904, Minneapolis (United States), Public	Energy retailing company	-	Booner Capital, DOE & 1 others	72/100
6th	Exelon 2000, Chicago (United States), Public	Provider of energy services with an electric and natural gas distribution	-	Ideocolab, OSTI & 1 others	69/100
7th	Cypress Creek Renewables 2014, Santa Monica (United States), Acquired	Owns and develops solar farms	$200M	Temasek, National Bank of Canada & 5 others	67/100
8th	Ameren 1902, St. Louis (United States), Public	Provider of electricity and natural gas through solar energy	-	Marshall Wace, OSTI	67/100
9th	Boralex 1982, Kingsey Falls (Canada), Acquired	Developer of renewable energy projects	-	Energy Infrastructure Partners, CIC & 4 others	64/100
10th	Apex Clean Energy 2009, Charlottesville (United States), Acquired	Producer of independent power in wind and solar energy sector	$106M	Prudential Capital Group, Keller Enterprises ... & 12 others	64/100