How Budderfly’s US$100m Boost is Driving Energy-as-a-Service
Budderfly, the leading energy-as-a-service (EaaS) provider, has raised an additional US$100m in debt financing from Nuveen Energy Infrastructure Credit.
The funding will support the expansion of Budderfly’s turnkey energy solutions for energy-intensive buildings across the US.
This brings the company’s total capital raised to more than US$1bn, enabling a deeper impact in reducing emissions and operating costs for commercial sectors.
Executive insights
“Nuveen’s support has been instrumental to our growth, helping us quickly deploy solutions for our customers and scale year over year,” explains Al Subbloie, CEO of Budderfly.
“This milestone, surpassing US$1bn in capital, is more than just an achievement for our company, it’s clear validation of the importance of energy efficiency in the built environment.
“Especially in today’s increasingly complex macro environment, businesses need resilient, market-driven solutions and our model delivers just that: energy savings at zero cost.”
Don Dimitrievich, Head of Nuveen Energy Infrastructure Credit, comments: “Budderfly’s energy management platform is one of the most compelling models we’ve seen for delivering real, scalable decarbonisation in the built environment.
“Its ability to generate predictable cash flows, deliver energy savings for Budderfly’s clients, and serve a largely untapped market segment makes Budderfly a high-impact, high-return investment for Nuveen Energy Infrastructure Credit.”
Scalable solutions for high consumption sectors
Budderfly’s EaaS model targets sectors with significant energy waste such as retail, hospitality, education, fitness and food service.
The company retrofits facilities with high-efficiency equipment including HVAC systems, LED lighting, refrigeration controls and smart thermostats, all at no upfront cost.
These upgrades can reduce energy consumption by up to 40%, converting inefficient infrastructure into high-performing, cost-saving assets.
Sustainability as a service
Budderfly integrates real-time energy monitoring and automated optimisation to reduce consumption and identify inefficiencies, such as equipment left running or suboptimal usage patterns.
In 2024, the company helped customers reduce energy use by 43% more than the previous year, helping to avoid 219.1 tons of CO₂ emissions.
Water-saving technologies and improved heating systems further reduce both resource use and emissions, supporting long-term sustainability goals.
Lowering barriers to net zero
Through 10–15 year service agreements, Budderfly removes the capital cost barrier for small and medium-sized businesses to implement sustainable solutions.
Its Customer Portal gives clients visibility into cost savings and carbon reductions, aligning with ESG reporting requirements.
By enabling efficiency and transparency, Budderfly empowers businesses to move closer to net zero operations, regardless of size or sector.
Explore the latest edition of Sustainability Magazine and be part of the conversation at our global conference series, Sustainability LIVE.
Discover all our upcoming events and secure your tickets today.
Sustainability Magazine is a BizClik brand
