Budderfly announced it has expanded its debt facility to $550 million to accelerate the growth of its Energy-as-a-Service (EaaS) platform, backed by a $250 million upsizing led by Global Infrastructure Partners, a part of BlackRock, alongside participation from existing lender Vantage Infrastructure.
The expanded financing also includes an additional $100 million accordion feature, reflecting strong institutional support for Budderfly’s model of financing, deploying, and managing energy infrastructure for commercial customers.
Budderfly’s platform enables businesses across sectors such as restaurants, retail, fitness, and manufacturing to upgrade aging energy systems without upfront capital investment. The company installs and manages energy-efficient equipment, intelligent building controls, and demand optimization technologies, generating cost savings and improving operational efficiency over time.
The new capital will support broader deployment of Budderfly-owned energy infrastructure across the U.S. mid-market, a segment that represents approximately $55 billion in annual electricity spending and faces ongoing challenges from price volatility and grid constraints.
The announcement builds on Budderfly’s existing capital base, including $500 million in equity backing from Partners Group secured in July 2022. Both Vantage Infrastructure and Nuveen remain key participants in the company’s financing structure.
Budderfly said its platform helps customers preserve capital, reduce carbon emissions, and improve reliability while modernizing energy infrastructure. To date, the company reports helping customers avoid more than 330,000 metric tons of carbon emissions.
KEY QUOTE:
“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 of Budderfly
