Budderfly clinches up to $400 million in debt to help American businesses improve energy efficiency

ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, January 23 – Connecticut-based Budderfly is an “energy as a service” company that works with small and mid-sized businesses to upgrade their energy systems to cut both costs and businesses’ environmental footprints. Its core customers include restaurant chains, retail franchises and assisted living facilities. The company helps them plan and finance the installation of better HVAC systems, solar panels, smart thermostats and lighting, and other energy-saving technologies.

“Successfully decarbonizing our economy will require efforts from organizations of all sizes,” said Budderfly’s Al Subbloie. “The mid-market often lacks the resources needed to get the job done.”

Vantage Infrastructure and Nuveen are providing Budderfly with $200 million in debt and an option to take out an additional $200 million