Budderfly, an energy as a service company, has secured an additional $100 million in debt financing from Nuveen Energy Infrastructure Credit to accelerate the deployment of scalable, holistic energy solutions tailored for energy-intensive buildings across the United States. This latest facility brings Budderfly’s total capital raised to over $1 billion.
Budderfly will leverage this financing to continue providing turnkey energy solutions across a wide range of commercial properties, converting aging infrastructure into high-performing, cost-saving assets.
“Nuveen’s support has been instrumental to our growth, helping us quickly deploy solutions for our customers and scale year over year,” Al Subbloie, CEO of Budderfly, said. “This milestone, surpassing $1 billion 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. With support from our investors, we look forward to expanding our impact by helping more businesses become energy efficient.”
“Our additional $100 million debt facility reflects our confidence in Budderfly’s ability to continue to scale rapidly, while delivering both strong financial performance and measurable outcomes,” Don Dimitrievich, head of Nuveen Energy Infrastructure Credit, said. “Budderfly’s energy management platform is one of the most compelling models we’ve seen for delivering real, scalable decarbonization 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.”
