Al Subbloie, Chairman, CEO and President
Solving the problems of energy management today can lead to huge benefits tomorrow. Businesses across verticals, such as healthcare, food service, commercial real estate, and education, are looking for efficient solutions that fulfill their needs for savings as well as their sense of environmental responsibility. Reducing carbon footprints is good for business and the world, and there is no shortage of options.
However, making sense of those options and having confidence in their results isn’t simple. Most businesses are unsure of how they should go about implementing an energy and management strategy. They know that there are technologies that cut energy usage, but choosing the right combinations of devices and deploying them effectively requires expertise most companies simply don’t have. Utility billing systems are no help because they provide just a single measurement at one box outside. Every experiment or trial with a potential piece of this puzzle means writing another check and hoping that it’s worthwhile. Without the ability to confidently make changes, energy management has remained more of an obstacle than an opportunity.
Budderfly is a new and different kind of energy company, conceived to solve this dilemma by offering an effortless, cost-free solution for saving energy, money, and the world. Budderfly provides an integrated, multipronged energy management solution that brings together over 20 different technologies applies them to achieve unprecedented savings.
“The technology we implement creates at least a 30% reduction in energy usage, which translates directly to carbon footprint reduction,” says Al Subbloie, Chairman, CEO, and President of Budderfly. “We guarantee our results, and we do it with zero customer investment.”
Chris DeBenedictis, Delivery Driven Product Management Executive
With its Energy Efficiency as a Service (EEaaS)model, Budderfly ensures immediate energy savings with no out-of-pocket costs. The company offers businesses a simple, powerful solution for energy management by providing 100% of the capital and performing all of the installation, maintenance, and upgrades such as superior HVAC, LED lighting, Budderfly IOT sensors, and renewable energy sourcing. This lets organizations focus their own money on their business, enjoying the benefits of energy and cost savings without risk or worry.
Behind the simplicity, Budderfly provides unparalleled sophistication and effectiveness. Working in close partnership with each customer, Budderfly develops a metering system called a facility grid. This represents the most advanced energy management approach in the world: a series of proprietary IoT sensors integrated with a cloud software system, measuring and monitoring all the building’s energy-consuming devices. Budderfly also replaces utility bills with a clear, detailed monthly report. This system yields guaranteed savings, and also extremely useful data about the subsystems individual facilities and industries use (and waste), allowing for even further insights and improvements.
For example, in restaurants, Budderfly manages heating and cooling systems, ventilation and heat abatement systems, as well as cooking, refrigeration, and freezer units. By cycling activity to use only the energy required for operations, cutting activities like fan speed during off-hours, and pushing as much usage as possible to lower-rate times of day, Budderfly cuts energy waste and cost significantly. Specific data about operations like open-door rates on walk-in refrigerators give business owners even more opportunities for improvement.
By offering such an effective solution and opportunity, Budderfly is growing rapidly. The company has raised about $80 million in 18 months and now aims to raise more than a hundred million dollars. The company’s EEaaS model has required the company to secure a combination of technology, vendor relationships, and funding. “With the help of our existing and potential investors, we can cross the $200 million mark in terms of the top line in the next few months,” says Subbloie. Budderfly plans to expand across North America, exploring and analyzing opportunity markets, maximizing savings, and helping their customers create a healthier, and more sustainable world.