Full-Time
Posted on 6/13/2025
Energy management as a service provider
$130k - $165k/yr
Shelton, CT, USA + 1 more
More locations: New York, NY, USA
Hybrid
Hybrid role; on-site Tue-Thu at Shelton, CT or LIC, NY.
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Budderfly provides energy management solutions under an Energy as a Service (EaaS) model. It helps businesses reduce energy use and carbon footprints by installing energy-efficient equipment—such as HVAC systems, LED lighting, and storage/behind-the-meter generation—without requiring upfront capital. Budderfly covers the installation costs and then shares the resulting energy savings with the client, creating a performance-based, pay-from-savings arrangement. This approach sets Budderfly apart from traditional vendors by aligning profitability with sustainability and removing upfront financial barriers for commercial facilities like restaurants and retail stores. The company aims to help clients reach net-zero goals, improve operational efficiency, and expand access to advanced energy technologies across local, national, and global scales.
Company Size
201-500
Company Stage
Debt Financing
Total Funding
$1.6B
Headquarters
Shelton, Connecticut
Founded
2007
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POWER magazine: BlackRock's infrastructure arm leads $250 million bet on commercial building efficiency as a grid asset. March 26, 2026 - POWER magazine covers Budderfly's $250 million debt facility upsizing led by Global Infrastructure Partners (GIP), a part of BlackRock, bringing the total facility to $550 million. A signal that some of the world's largest infrastructure investors are now treating behind-the-meter commercial efficiency as a strategic grid asset. "Global Infrastructure Partners' commitment, along with continued investment from Vantage Infrastructure, is critical to scaling a capital-intensive business like Budderfly. This expansion of our debt facility strengthens our ability to own the upfront investment, manage performance over time, and deliver measurable energy and cost-saving outcomes for our customers. It reflects confidence in our model and positions us to continue removing friction for commercial operators as they modernize and decarbonize their facilities." - Al Subbloie, CEO Read the full article here.
Budderfly, a US energy company, has expanded its debt facility to $550 million to support growth of its Energy-as-a-Service platform. The facility includes a new $250 million increase led by Global Infrastructure Partners, part of BlackRock, with participation from existing lender Vantage Infrastructure, plus an additional $100 million accordion feature. Budderfly enables commercial facilities including restaurants, retail and manufacturing sites to modernise energy infrastructure with no upfront investment, generating savings through improved efficiency. The company targets the US mid-market segment, which accounts for an estimated $55 billion in annual electricity spend. The expansion builds on Budderfly's $500 million equity backing from Partners Group in July 2022. The company has helped customers avoid more than 330,000 metric tons of carbon emissions to date.
Budderfly secures an additional $100M in debt financing from Nuveen EIC.
Budderfly has surpassed $1 billion in capital after securing an additional $100 million debt facility from Nuveen, building on a prior $400 million debt facility and a $500 million equity investment from Partners Group. This funding will help Budderfly expand its energy solutions for commercial properties in the U.S. The company offers energy savings at no upfront cost, using advanced technologies to reduce operating costs and carbon emissions.
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 Brothers’ annual energy costs by up to 30 percent and while cutting carbon emissions from electricity consumption in half.Budderfly’s $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.“Today’s energy challenges are not the first ones our company has faced” said Jeff Blanchard, Vice President of Operations with The Gilman Brothers Company. “Gilman Brothers has long understood the operational and financial benefits of having greater control over our energy supply as well as transparency into how we’re using it. We also know that managing it is a full-time business. Budderfly’s holistic approach and financial model is what independent manufacturers like Gilman Brothers want - and need. With Budderfly, we’re 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.”Following 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.“Our partnership with Gilman Brothers is an exciting, first-of-its-kind for Budderfly in the industrial sector” added Al Subbloie, Budderfly Founder and CEO