Summary:
- Budderfly, an energy as a service company based in Shelton, CT, secured an additional $100M in debt funding from Nuveen EIC.
- The funding will be used to provide new energy solutions for commercial properties and convert aging infrastructure into new assets.
- Led by CEO Al Subbloie, Budderfly specializes in installing, monitoring, and managing energy-saving technologies to help businesses lower costs and reduce carbon emissions.
—
Article:
Budderfly Secures $100M in Debt Funding to Expand Energy Solutions
Budderfly, a leading energy as a service company headquartered in Shelton, CT, recently announced a significant milestone in its growth journey. The company received an additional $100 million in debt funding from Nuveen EIC, further solidifying its position in the market.
Expanding Energy Solutions for Commercial Properties
This new round of funding will enable Budderfly to offer innovative energy solutions to a wide range of commercial properties. By leveraging this investment, the company plans to revamp aging infrastructure and transform it into modern, energy-efficient assets. This strategic move aligns with Budderfly’s mission to drive sustainability and cost savings for its clients.
CEO Al Subbloie Leads the Charge
Under the leadership of CEO Al Subbloie, Budderfly has emerged as a trusted partner for businesses seeking to improve their energy efficiency. The company’s unique approach involves installing, monitoring, and managing a combination of patented technologies, equipment upgrades, and proprietary energy software. This not only helps businesses lower their energy bills but also reduces their carbon footprint, enhances operational reliability, and improves overall customer and employee experiences.
Since its inception, Budderfly has successfully helped its clients avoid over 200,000 metric tons of carbon emissions, making a significant impact on environmental sustainability.
A Billion-Dollar Milestone
With the latest $100 million debt funding, Budderfly has now raised over $1 billion in total capital, marking a significant achievement for the company. This financial backing will undoubtedly fuel its continued growth and innovation in the energy services industry, solidifying its position as a market leader.
Overall, Budderfly’s latest funding round underscores its commitment to driving positive change in the energy sector and empowering businesses to embrace sustainable practices. With a strong focus on innovation and sustainability, the company is well-positioned to make a lasting impact on the way commercial properties consume and manage energy.
