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About Budderfly
Industries
Energy
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$984.8M
Headquarters
Shelton, Connecticut
Founded
2007
Overview
Budderfly specializes in energy management services aimed at helping businesses reduce their energy consumption and carbon footprint. They target various commercial clients, including restaurants and retail stores, by improving their energy infrastructure and providing cost savings. Budderfly operates on an "Energy as a Service" (EaaS) model, which allows them to install energy-efficient technologies like HVAC systems and LED lighting without requiring upfront costs from clients. Instead, they share in the savings generated from lower energy bills, creating a mutually beneficial arrangement. This approach not only supports businesses in adopting sustainable practices but also aligns profitability with environmental responsibility. Budderfly's mission is to enhance energy efficiency and reduce waste, contributing to net-zero energy goals and improving operational efficiency across different sectors.
Simplify's Take
What believers are saying
- Budderfly secured $400M to expand clean energy technology adoption.
- Partnerships with companies like Craveworthy Brands highlight scalable energy-saving solutions.
- Budderfly's innovative approach ranked it No. 2 in energy by Fast Company.
What critics are saying
- Emerging EaaS providers could threaten Budderfly's market share.
- Rapid technological advancements may render Budderfly's solutions obsolete.
- Potential regulatory changes could impact Budderfly's financial model and profitability.
What makes Budderfly unique
- Budderfly offers Energy-as-a-Service with no upfront costs to clients.
- The company uses proprietary energy intelligence software for optimized energy consumption.
- Budderfly's model aligns sustainability with profitability, benefiting both the company and clients.
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Funding
Total Funding
$984.8M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
Growth & Insights and Company News
6 month growth
â 31%1 year growth
â 35%2 year growth
â 35%Thursday, 10 April 2025Energy as a service company Budderfly and the The Gilman Brothers Company , a 128-year old specialist manufacturer of foamboard products in Connecticut, have announced a $1.5 million solar project aimed at lowering Gilman Brothersâ annual energy costs by up to 30 percent and while cutting carbon emissions from electricity consumption in half.Budderflyâs $1.5 million investment is empowering Gilman Brothers to power its manufacturing operations with solar energy. The resulting carbon emissions reduction will be equivalent to 9,000 metric tons, or removing nearly 2,100 gasoline-powered cars from the road.âTodayâs energy challenges are not the first ones our company has facedâ said Jeff Blanchard, Vice President of Operations with The Gilman Brothers Company. âGilman Brothers has long understood the operational and financial benefits of having greater control over our energy supply as well as transparency into how weâre using it. We also know that managing it is a full-time business. Budderflyâs holistic approach and financial model is what independent manufacturers like Gilman Brothers want - and need. With Budderfly, weâre able to stay focused on our core mission to deliver our customers quality products while also trusting that our evolving energy needs are being met.âFollowing this project, Gilman Brothers will benefit from a 750-kilowatt rooftop solar system, all-new LED lighting, and an ultra-high-efficiency HVAC system, in addition to several other cost-saving technologies like high-efficiency motors paired with variable frequency drives.âOur partnership with Gilman Brothers is an exciting, first-of-its-kind for Budderfly in the industrial sectorâ added Al Subbloie, Budderfly Founder and CEO
Budderfly, the preferred sustainability partner for commercial businesses, today announced it has been named number 25 on Fast Company's prestigious list of the World's Most Innovative Companies of 2025, while ranking second in the energy category.
Reducing energy usage can lower restaurants' costs and shrink carbon footprints, which is why Budderfly, an energy-as-a-service provider for franchises, has acquired a grid-edge distributed energy resource management system from Sunverge Energy.
Budderfly partners with Perry School Community Services Center to expand sustainability solutions for low-income communities.
SHELTON, Conn. WASHINGTON--(BUSINESS WIRE)--Budderfly, the premier Energy as a Service (EaaS) partner for institutional and commercial facilities, today announced a partnership with the Perry School Community Services Center, Inc. (PSCS or Perry Center), to deploy energy-saving technology at the organizationâs community center in Washington, D.C. This partnership expands Budderflyâs footprint in the nonprofit sector and underscores the unique ability of the companyâs business model to scale access to sustainability solutions and cost savings, from mid-market businesses to public institutions and nonprofit organizations. Founded in 1991 to address issues of chronic poverty in the North Capitol Street area of Washington, D.C., the Perry Centerâs tenants provide services in youth development, economic empowerment, and social services. The organization is housed in an historic landmark building, originally built as M Street High School which opened in 1891 as the first high school in the U.S
Budderfly is Hiring for 7 Jobs on Simplify!
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About Budderfly
Industries
Energy
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$984.8M
Headquarters
Shelton, Connecticut
Founded
2007
Budderfly is Hiring for 7 Jobs on Simplify!
Find jobs on Simplify and start your career today