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BlackRock’s Infrastructure Arm Leads $250 Million Bet on Commercial Building Efficiency as a Grid Asset

POWER Magazine · POWER · last updated

Global Infrastructure Partners (GIP), a part of investment giant BlackRock following its acquisition in 2024, has led a $250 million upsizing of Budderfly’s debt facility, bringing the total facility to $550 million and boosting the Shelton, Connecticut-based Energy-as-a-Service (EaaS) company’s cumulative capital base well past $1 billion. The transaction, announced on March 25, also includes […]

The post BlackRock’s Infrastructure Arm Leads $250 Million Bet on Commercial Building Efficiency as a Grid Asset appeared first on POWER Magazine.

Graphic illustrating the role of virtual power plants in managing peak demand and grid flexibility, from the U.S. Department of Energy’s Loan Programs Office (LPO). Source: U.S. Department of Energy, Loan Programs Office (LPO).

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