Viridi announced today that it has scored a major contract with Budderfly, leading to the installation of 100 energy storage system at its commercial sites.
The news was announced in a CleanTechnica article
"This rollout is part of a broader effort to scale behind-the-meter energy infrastructure across a large, diversified portfolio of commercial buildings," Viridi founder and CEO Jon Williams says in the article. "Rather than treating each installation as a standalone project, we are building a coordinated network of distributed energy assets that can improve performance at the site level while contributing to greater flexibility across the system as a whole."
Viridi has breathed new life into a formerly vacant auto factory on Buffalo's East Side, approaching 150 employees there. The company's fail-safe storage systems have a unique and important capability: they are certified for indoor use, giving Viridi an opportunity to scale into markets across residential, commercial, municipal and data centers.
The company expects to at least double its $35M revenue figure this year.
The WNY Impact Investment Fund first invested in Viridi in 2018 and has now made a total of five different investments in the company, totaling $3.3 million. The latest investment is part of a larger round mostly made available to previous investors.
Read about our latest Viridi investment here
“Viridi embodies our belief that strong financial performance and measurable community impact can go hand in hand,” said Tom Quinn, CEO of the WNY Impact Investment Fund. “By backing companies like Viridi, we are helping to build a more resilient, inclusive economy in Western New York.”
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