March - 2020CONSTRUCTIONTECHREVIEW.COM19capital 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. Chris DeBenedictis
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