Budderfly
Procurement partnerAbout
Budderfly is an Energy-as-a-Service company that upgrades commercial facilities with high-efficiency equipment, smart technology, and renewable energy solutions at no upfront cost to qualifying customers. The company manages energy for client locations across industries including restaurants, hospitality, healthcare, manufacturing, and retail, delivering an average of 22% annual energy savings. Budderfly funds facility upgrades through the savings generated and handles installation, monitoring, ...
Details
VenSearch Intelligence
Ideal Customer
- Budderfly's sweet spot is the commercial mid-market SMB — specifically multi-unit franchise operators and businesses with repeatable facility footprints across multiple locations, typically in the 5–500 site range.
- Its model is purpose-built for operators who lack the capital or operational bandwidth to self-fund energy infrastructure upgrades, such as quick-service restaurant franchisees, convenience store operators, assisted living facility chains, fitness studios, and retail franchises.
Key Differentiators
- Budderfly's primary differentiator is its fully outsourced, zero-upfront-cost Energy-as-a-Service model in which Budderfly — not the customer — owns, installs, maintains, and finances all energy infrastructure upgrades under long-term 10-year contracts, earning revenue only through a share of realized energy savings.
- Unlike traditional ESCOs, Budderfly takes over utility billing entirely through a patented billing system that consolidates all utilities into one monthly statement across 400+ utility companies.
Industries Served
- Budderfly primarily serves commercial businesses with repeatable, multi-site footprints, with its deepest penetration in the quick-service and casual dining restaurant sector, including major franchise brands such as McDonald's, Subway, Burger King, Dunkin', IHOP, Applebee's, and Wendy's. Beyond foodservice, the company serves convenience stores, retail chains, healthcare and assisted living facilities (including skilled nursing homes), fitness centers (e.g., Orangetheory, YMCA, Choice Fitness), hospitality (e.g., Delta Hotels by Marriott), schools and universities, and manufacturing facilities.
- The company has also expanded into water management services, signing approximately 400 customers for that program since its 2024 launch.
Service Coverage
- Budderfly operates exclusively in the United States and Canada, with a nationwide footprint spanning all 50 states.
- As of mid-2026, the company manages over 9,000 customer locations nationwide, having grown from roughly 2,750 sites across 49 states at the time of its 2022 Partners Group acquisition.
Partnerships
- Budderfly's key technology and infrastructure partnerships include Fujitsu General America (HVAC equipment), Viridi Parente (fail-safe commercial battery energy storage systems, with a 100-site nationwide deployment underway as of June 2026), Evergy and Leap (VPP demand response platform partners for its multi-ISO Virtual Power Plant), and Sunverge Energy (whose distributed energy resource management system Budderfly acquired in August 2024 to power its VPP capabilities).
- On the utility billing side, Budderfly's proprietary patented billing system supports over 400 utility companies in North America.
Company Size & Ownership
- Budderfly was founded in 2007 by Al Subbloie and is headquartered in Shelton, Connecticut, with an estimated 200–500 employees across its corporate and field operations (multiple sources cite approximately 215–500, reflecting rapid growth and some data variance).
- The company surpassed $250 million in annual revenue run rate as of September 2025, after projecting nearly $200 million in annual recurring revenue in 2024, reflecting an average of 66% year-over-year growth for three consecutive years.
Compliance & Certifications
- No publicly available documentation confirms that Budderfly holds formal certifications such as SOC 2, ISO 27001, HIPAA, PCI-DSS, or FedRAMP.
- Budderfly is a member of the National Association of Energy Service Companies (NAESCO) and participates in the U.S. Department of Energy's Better Buildings Solution Center as a recognized financial ally and EaaS model.
Compiled from public sources by VenSearch · Last researched October 14, 2026
Offerings
7 offeringsEnergy as a Service
Budderfly's core offering where the company pays for and installs energy-efficient equipment upgrades in customer facilities at no cost to qualifying sites, then manages energy consumption on an ongoing basis. The model is performance-based, meaning Budderfly only profits when customer facilities operate more efficiently, targeting up to 30% reduction in energy usage. The service includes installation, monitoring, and maintenance as part of a long-term partnership.
Equipment
Budderfly installs premium, high-efficiency equipment in customer facilities as part of its Energy-as-a-Service model, including HVAC units and other operational infrastructure upgrades. Equipment is provided and installed at no upfront cost to qualifying sites, with the goal of driving down energy consumption by up to 40%. Budderfly handles all procurement, installation, and ongoing maintenance of the equipment.
Measuring & Billing Technology
Budderfly provides proprietary measuring and billing technology that simplifies energy billing and tracks consumption across customer facilities. This technology streamlines finances by consolidating energy management into a single process, delivering immediate savings and simplified billing across all locations. It is part of Budderfly's comprehensive energy management approach.
Monitoring
Budderfly provides ongoing monitoring of installed equipment and energy systems at customer facilities as part of its managed energy service. This monitoring enables the company to track performance, collect operational insights, and ensure energy efficiency goals are being met. It is included as part of the comprehensive Energy-as-a-Service model with no additional cost to customers.
Smart Technology
Budderfly deploys a suite of smart technology solutions designed to drive energy savings, monitor equipment performance, and collect operational insights at customer facilities. These cutting-edge technologies are installed to reduce waste, increase energy efficiency, and measure environmental impact. The technology is part of Budderfly's broader Energy-as-a-Service offering and is continuously updated as the company innovates.
Solar and Renewable Technology Installation
Budderfly deploys on-site solar and other renewable energy technologies at customer facilities to further reduce their environmental impact and move them toward net-zero energy consumption. This service is part of Budderfly's broader cycle of investment and innovation within its Energy-as-a-Service model. Installation is handled by Budderfly as part of the no-upfront-cost facility upgrade program.
Virtual Power Plant
Budderfly operates a multi-ISO Virtual Power Plant that aggregates energy flexibility across customer locations and dispatches real-time grid flexibility across major independent system operators. This program allows commercial mid-market sites to participate in grid stability and demand response programs. Budderfly has activated this capability to support grid reliability while unlocking additional value from its customer network.
Considering Budderfly?
Our team will work with you to determine if Budderfly is the right fit for your organization. From research and assessment through procurement negotiation and ongoing vendor management — we handle the entire process at no cost to you.