Budderfly Acquires Sunverge’s Distributed Energy Resource Management Platform, Pioneers First End-to-End Virtual Power Plant

Budderfly

Integration with Budderfly’s energy management platform enables VPP formation, creating new value for customers, stakeholders and utilities

Posted August 20, 2024

Shelton, Connecticut – August 13, 2024--Budderfly, the preferred sustainability partner for commercial businesses, today announced that it has acquired a grid-edge distributed energy resource management system (DERMS) from Sunverge Energy. Using Sunverge’s technology, Budderfly can aggregate distributed energy resources (DERS) across its sites, positioning it to create virtual power plants (VPPs) capable of providing flexibility to the grid, increasing resiliency for customers and growing new revenue streams. With greater control over its energy infrastructure value chain, from equipment installation to billing, Budderfly is creating a first-of-its-kind end-to-end VPP.

"VPPs are crucial for capitalizing on the opportunities of the energy transition. Through this acquisition, we are making this essential technology available to the middle market, allowing our customers to benefit from renewable energy and contribute to a more sustainable, reliable, and affordable energy future,” said Al Subbloie, founder and CEO of Budderfly. “This is a natural progression born out of the success of the Budderfly model, which has become synonymous with delivering sustainable efficiency outcomes to our stakeholders.”

By procuring and installing flexible load technologies like battery storage, behind-the-meter solar generation, and EV charging infrastructure at small- and mid-sized commercial buildings – Budderfly plans to enroll thousands of its customers’ sites in demand response programs over the next five years. Budderfly will also onboard several utility customers in Arizona, Maryland, the Northeast, and the Pacific Northwest, aligning with its long-term strategy to contribute to a more flexible, more stable energy grid, enabling substantial revenue opportunities through program incentives.

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