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Energy industries

Budderfly Surpasses $250 Million in Revenue Run Rate, Achieving 66% YoY Growth

Strategic Insights

— 2 min read

Budderfly, one of the fastest-growing energy companies in the United States, has surpassed $250 million in revenue run rate, achieving an average of 66% year-over-year growth for three consecutive years. This remarkable growth is fueled by Budderfly's innovative energy-efficiency-as-a-service solution, which helps commercial facilities preserve capital, strengthen operational resilience, and deliver measurable environmental benefits. The company's expansion into new industries and strategic partnerships have contributed to its rapid growth, with over 8,000 commercial sites now under its management.

Key Takeaways:

  • Budderfly has surpassed $250 million in revenue run rate, achieving 66% year-over-year growth for three consecutive years.
  • The company expanded its energy under management by 46% over the past 12 months, growing from 233.8 MW to 340.8 MW.
  • Budderfly delivered a 39% increase in energy savings and carbon emissions reductions across its customer portfolio.
  • The company added manufacturing plants, state buildings, fitness centers, and more to its portfolio of over 8,000 commercial sites.
  • Recent additions to Budderfly's customer portfolio include The Gilman Brothers Company, Lazy Dog, and franchise locations of McDonald's, Dunkin', Gold's Gym, Planet Fitness, and Goodwill.
  • Budderfly's commitment to innovation fueled the expansion and activation of its VPP platform across four of the nation's largest energy markets: California (CAISO), New England (ISO-NE), PJM Interconnection (PJM), and Southwest Power Pool (SPP).
  • Budderfly completed a $100 million debt raise from Nuveen Energy Infrastructure Credit, bringing its total capital raised to over $1 billion.

Statistics:

  • $250 million: revenue run rate surpassed by Budderfly for three consecutive years.
  • 66%: year-over-year growth average achieved by Budderfly.
  • 46%: increase in energy under management over the past 12 months.
  • 233.8 MW: initial energy under management in 2022.
  • 340.8 MW: current energy under management.
  • 39%: increase in energy savings and carbon emissions reductions across Budderfly's customer portfolio.
  • 8,000+: number of commercial sites under Budderfly's management.

Sources:

  • "Budderfly Surpasses $250 Million in Revenue Run Rate, Achieving 66% YoY Growth" (Budderfly, 2023)
  • Pavel Molchanov, "Budderfly Takes Innovative Approach to Modernizing Energy Infrastructure" (Raymond James, 2023)
  • Patrick Langan, "Budderfly's Accelerating Growth Reflects Strength of Innovative Energy-Efficiency-As-A-Service Solution" (Partners Group, 2023)
  • "Inc. 5000: Budderfly Ranked #13 in Energy, #4 in Connecticut" (Inc., 2023)
  • "Fast Company Most Innovative Companies: Budderfly Ranked #25 Overall, #2 in Energy" (Fast Company, 2023)
  • "Deloitte Technology Fast 500: Budderfly Ranked 2nd Consecutive Year" (Deloitte, 2023)
  • "Hartford Business Journal: CEO Al Subbloie Selected as 2025 C-Suite Award Winner" (Hartford Business Journal, 2023)

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