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You are here: Home1 / Customer Stories2 / Capital Solutions3 / Budderfly expands its mission with the help of Green Bank financing.

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Budderfly expands its mission with the help of Green Bank financing.

What happens if we change how businesses use energy? This question drives Budderfly to provide a unique energy and cost saving model to businesses ranging from quick service restaurants to healthcare facilities. Using their energy-as-a-service approach, they have helped Connecticut businesses save 24,729 MWh through new equipment, technology, and innovation while simultaneously reducing their energy costs and emissions.

In 2022, seeking to expand their customer base in Connecticut, Budderfly turned to Green Bank’s Capital Solutions Open RFP, which helped open the door to other investment. Now, their services continue to make a large impact on businesses in Connecticut and beyond looking to become more energy efficient, and their growth is earning recognition from Inc 5000 and others.

“Financing from the Connecticut Green Bank has been hugely supportive in our efforts to grow and scale our impact across the state. Small – and mid-sized businesses are the backbone of our economy, and they need help making the energy transition. We’re proud to help our customers drive impactful change, including Ryders Health Management, YMCA, Chabaso Breads, UConn Health Center and countless restaurant franchises, like McDonalds, Dunkin’ and more”

– Al Subbloie, Budderfly Founder and CEO

Headquarters

Shelton, CT

Capital Solutions Financing

$5 million over 6 years

Greenhouse Gas Avoided

22,745 cumulative metric tons

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Hartford Office
75 Charter Oak Avenue
Suite 1-103
Hartford, CT 06106

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700 Canal Street
5th Floor
Stamford, CT 06902

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Link to: October 2024 Contractor Updates Link to: October 2024 Contractor Updates October 2024 Contractor Updates Link to: Small Business Energy Advantage Program Continues to Grow; Surpasses $100 Million in Loans Since 2018 Link to: Small Business Energy Advantage Program Continues to Grow; Surpasses $100 Million in Loans Since 2018 Small Business Energy Advantage Program Continues to Grow; Surpasses $100 Million...
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