---
title: Why Energy as a Service Is Gaining Momentum
description: January 25, 2023 – WSJ Pro features Budderfly in a new article by Luis Garcia about the growing investment in energy-as-a-service companies.
---

[News | Budderfly](https://news.budderfly.com)

# [Why Energy as a Service Is Gaining Momentum](https://news.budderfly.com/press-release/wsj-pro-budderfly-energy-as-a-service)

 Written by [Candace Bryan](https://news.budderfly.com/author/candace-bryan) | Jan 25, 2023, 10:35:00 AM

**January 25, 2023 – **WSJ Pro features Budderfly in a new article by Luis Garcia about the growing investment in energy-as-a-service companies.

*"The businesses typically offer to pay the upfront costs of the improvements they make in exchange for a service fee or a share of the money clients save in energy costs. Arrangements like this by companies like Partners Group Holding AG -backed Budderfly Inc. enable customers to treat as operating expenses what otherwise could be significant capital investments that divert funds from core operations.*

*'To become more energy efficient, you have to have capital and knowledge. That’s what they bring,' said banker Spencer Hart, who owns five Sonic Corp. fast-food restaurants on New York’s Long Island. He says his restaurants burn through roughly $300,000 worth of electricity annually.*

*Mr. Hart, who is also a senior managing director at investment bank Guggenheim Securities LLC, last year signed a 10-year agreement with Budderfly covering his Sonic franchises. The agreement calls for Budderfly to offset a certain portion of the stores’ energy bill while helping them reduce their electricity usage, he said. Any cost savings beyond the offset is allotted to Budderfly up to a predetermined limit, after which additional savings would be split 50-50 with the stores."*

You can read the full article in WSJ PRO here.

 

[View full post](https://news.budderfly.com/press-release/wsj-pro-budderfly-energy-as-a-service)

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