Budderfly Acquires Sunverge Energy's DERMS Platform
August 13, 2024
Budderfly has acquired the distributed energy resource management system (DERMS) platform from Sunverge Energy, enabling Budderfly to aggregate distributed energy resources and build virtual power plants (VPPs). The acquisition includes Sunverge personnel joining Budderfly and expands Budderfly's capabilities to offer end-to-end VPP services to commercial customers and utilities, supporting grid flexibility and new revenue streams.
- Buyers
- Budderfly
- Targets
- Sunverge Energy
- Sellers
- Sunverge Energy
- Industry
- Renewable Energy
- Location
- California, United States
- Transaction Type
- Divestiture
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