April 23, 2025 - Josh Dorfman of Supercool featured Budderfly in his article about decarbonizing the built environment.
"Many buildings are stuck with legacy equipment that gets the job done but consumes far more energy than their more efficient modern counterparts. Yet, new equipment can cost hundreds of thousands of dollars, often placing upgrades out of reach.
Budderfly has built one of the fastest-growing businesses in America by removing the cost barrier. The company identifies energy-intensive businesses like fast food chains and offers them a deal that sounds almost too good to be true: free upgrades to energy-efficient systems, including HVAC, lighting, refrigeration, and security. Budderfly foots the bills and shares the monthly energy savings with its customers.
Scale is key to making this business model work. Budderfly has raised nearly $1 billion to pay for the equipment it installs in customer locations. Its rapid expansion enables it to secure preferential pricing from global equipment suppliers that individual owners and franchisees could never obtain independently.
Budderfly also takes over billing, which is one less thing for customers to worry about, and gives the company a trove of data to drive further energy reductions and cost savings.
From Taco Bell to McDonald’s to Sonic, clients are guaranteed to see savings from day one. In 2024, Budderfly generated $200 million in revenue and now operates in more than 7,000 locations nationwide. Its customers’ collective energy use dropped 43% last year."
Read the full article here.