POWER Magazine•about 5 hours ago
BlackRock’s Infrastructure Arm Leads $250 Million Bet on Commercial Building Efficiency as a Grid Asset
- •BlackRock's Global Infrastructure Partners (GIP) has led a $250 million upsizing of Budderfly’s debt facility, bringing its total capital to over $1 billion for scaling commercial building efficiency solutions.
- •This significant investment signals strong investor confidence in Energy-as-a-Service (EaaS) models and the growing valuation of commercial building efficiency as a critical grid asset.
- •For large commercial loads, this indicates increased availability of capital-backed EaaS providers offering solutions to reduce energy costs and monetize their building's flexibility as a grid resource.
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