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Budderfly Acquires Sunverge DERMS to Launch First-of-Its-Kind End-to-End VPP
Slice of Energy Team
August 16, 2024
Key Highlights:
Budderfly acquires grid-edge DERMS from Sunverge Energy.
Launches a first-of-its-kind end-to-end Virtual Power Plant (VPP).
Targets middle market with innovative energy solutions and demand response programs.
Plans to enroll thousands of customer sites in VPPs over the next five years.
Source (Business Wire)
Notable Quotes:
"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."
"Distributed energy resources, which can be aggregated into virtual power plants, play a valuable role in reducing energy costs for end users and alleviating regional pressure on the grid."
Our Take:
Budderfly's strategic acquisition of Sunverge’s DERMS is a significant move that will allow the company to solidify its position as a leader in the Energy as a Service (EaaS) sector. By integrating this advanced technology, Budderfly is not only enhancing its capabilities in energy management but also democratizing access to virtual power plants for the middle market. This acquisition is poised to create substantial growth opportunities, aligning with broader trends towards grid flexibility, sustainability, and clean energy adoption. The involvement of former Sunverge employees with deep expertise further ensures a smooth transition and strengthens Budderfly’s capacity to innovate and scale.