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Budderfly implements, through an EEaaS model, proprietary energy intelligence software, energy efficient technology upgrades that span more than 20 savings categories, and IoT devices to optimize energy usage with no upfront cost to its clients.
Published April 7, 2021
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Updated December 16, 2024
Power & Utilities
Distributed Energy Resources
Product Overview
Overview
Budderfly installs, monitors, and manages a combination of patented technologies, equipment upgrades, and proprietary energy software for its customers at no out-of-pocket cost. Businesses benefit from lower energy bills, a reduced carbon footprint, more reliable operations, and an improved customer and employee experience. Ranked as one of the fastest-growing Energy as a Service (EaaS) companies in the United States, Budderfly is a sustainability partner for businesses with repeatable footprints, such as restaurant chains, assisted living facilities, retail franchises, and more. Budderfly has ranked on the Inc. 5000 America’s Fastest-Growing Private Companies list from 2021 to 2024 and on the Deloitte Technology Fast 500 list in 2023.
Budderfly deploys smart energy monitoring hardware to provide real-time alerts for things customers can quickly solve such as:
- Usage spikes in your facilities
- Open refrigerator doors
- Too high or too low temperatures
- Inefficiently running equipment
- Issues requiring technical support
The company also streamlines utility billing management by taking charge of customer's energy operations and delivering one easy to read bill every month with transparency on identified savings and operational insights.
After acquiring Sunverge's DERMS platform in 2024, Budderfly can aggregate distributed energy resources (DERs) across its sites, positioning it to create virtual power plants (VPPs) capable of providing flexibility to the grid, increasing resiliency for customers and growing new revenue streams. In this way, Budderfly has created a scalable end-to-end VPP offering.
Business Model
With zero upfront investment for the customer, Budderfly invests 100% of the the capital, installs, monitors and manages a combination of patented technologies and upgrades with 10-year contracts on a guaranteed savings model.
Technology Innovations
Spanning more than 20 integrated savings solutions, Budderfly combines patented technologies and installation teams to deliver a combination of proprietary energy software, IoT devices, upgraded LED lights, HVAC replacements and improvements, freezer & refrigeration upgrades and controls, options for comprehensive maintenance, and others. Budderfly’s ongoing services and proactive maintenance ensure that a building’s energy infrastructure never becomes outdated. The result is significant, immediate and progressive energy expense savings, upgraded facilities, and a reduced carbon footprint for its client facilities.
On top of Budderfly's core offering, now the company can also procure and install flexible load technologies like battery storage, BTM solar PV, and EV charging infrastructure at small- and mid-sized commercial buildings. Leveraging Sunverge's technology, Budderfly can actively manage these assets and enroll them in utility programs such as demand response.
Applications
Budderfly is making energy efficiency improvements accessible for the mid-market where there’s a significant opportunity to reduce global carbon emissions eliminating cost barriers.