POWER Magazine: BlackRock's Infrastructure Arm Leads $250 Million Bet on Commercial Building Efficiency as a Grid Asset

March 26, 2026 - POWER magazine covers Budderfly's $250 million debt facility upsizing led by Global Infrastructure Partners (GIP), a part of BlackRock, bringing the total facility to $550 million. A signal that some of the world's largest infrastructure investors are now treating behind-the-meter commercial efficiency as a strategic grid asset.

"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

Read the full article here.