In this Research Note, we examine Budderfly, the US Energy Efficiency-as-a-Service (EEaaS) company focused on Small and Medium-sized Enterprises (SMEs) and franchise businesses. This analysis covers their business model, funding, majority ownership, growth and outlook for 2024. Founded in 2007 and headquartered in Shelton, Connecticut, Budderfly implements proprietary energy intelligence software, energy-efficient technology upgrades that span more than 25 savings categories, and IoT devices that meter, control, and optimize energy usage at the point of consumption within each facility across the enterprise. With no cost to its clients, Budderfly finances projects in USA and Canada, specializing in repeatable footprint businesses with a major focus on food service such as Quick-Service Restaurants (QSR) and family dining, C-Stores, YMCAs, medium-sized colleges and Prep Schools, and nursing homes. Budderfly’s Efficiency-as-a-Service model provides up-front funding for building energy audits, project design, commissioning, new equipment, and maintenance. The 10-year contract covers ongoing maintenance and is structured to be paid by […]