October 9, 2024 – Budderfly was featured in an article from Energy Central about a current trend in the distributed energy resource management systems market - mergers & acquisitions and strategic partnerships.
Commercial energy developer Budderfly announced the acquisition of a grid-edge DERMS from Sunverge Energy to create VPPs for grid flexibility in August. Budderfly will procure battery storage, behind-the-meter solar, and EV charging for small- to mid-sized commercial buildings and onboard several utility customers in Arizona, Maryland, the Northeast, and the Pacific Northwest.
“Budderfly was in the M&A market for a behind-the-meter DERMS platform due to increased interest in VPPs," Chief Administrative Officer and General Counsel Tom Flynn told Energy Central.
"It’s all about load flexibility, VPP functionality, and managing utility expenses in terms of demand charge reduction for bills,” Flynn said. “Whether it’s for utility demand response programs or energy market programs, this acquisition platform enables us to network thousands of locations together."
Read the full article here.