Articles from Base Power

Base Power is building a new model for the grid, using distributed energy storage to deliver reliable, affordable power. As the company scales nationally, Base is investing early in the legal and policy leadership required to engage deeply with regulation, market design, and grid reliability. Following its $1 billion Series C financing in October, Base is formalizing a world-class legal and policy function to match the scale of its ambition.

Farmers Electric Cooperative (“Farmers”) and Base Power today announced the launch of the first residential battery partnership in Farmers’ service area, bringing an affordable, whole-home backup solution to members while delivering meaningful grid benefits to the region. The partnership marks a major step forward in providing reliable, cost-effective resiliency as the DFW Metroplex continues to grow.

Base Power announced today it has raised $1 billion in Series C financing, led by Addition. All other major investors are re-investing, including Trust Ventures, Valor Equity Partners, Thrive Capital, Lightspeed, Andreessen Horowitz, Altimeter, StepStone, Elad Gil, 137 Ventures, Terrain, and Waybury. New major investors include Ribbit, CapitalG, Spark, BOND, Lowercarbon, Avenir, Glade Brook, Positive Sum, and 1789.

Base Power, Texas’ only energy provider that comes with home backup power, today announced its official launch in the City of Houston, expanding its service into one of the largest and most important energy markets in the country. Base offers a simple, all-in-one energy plan that includes a whole-home backup battery—no solar required, though fully compatible for homes that do. When the grid goes down, the battery automatically powers the home. Unlike traditional backup systems with high upfront costs, Base earns revenue by providing services to the grid—enabling Houstonians to get reliable backup and real savings.

Base Power today announced its expansion into Dallas, a major milestone in its mission to redefine how energy is delivered across Texas. With service now available throughout the Dallas–Fort Worth metroplex, including Dallas, Irving, North Richland Hills, Coppell, and beyond, Base is bringing its battery-powered home energy model to more than seven million Texans statewide.

Base Power, a fast-growing distributed energy company, and GVEC, a leading energy distribution cooperative in Texas, today announced a partnership to deploy a utility-managed fleet of residential batteries, starting in communities built by Lennar, one of the nation’s leading homebuilders. The battery systems will be operated directly by GVEC using Base Power’s proprietary software platform. The agreement builds on Base’s ongoing collaboration with Lennar.

Base Power announced today it has raised $200 million in Series B funding, co-led by Addition, Andreessen Horowitz, Lightspeed Venture Partners and Valor Equity Partners with participation from existing investors Thrive Capital, Altimeter, Terrain, Trust and others.

Base Power announced today the expansion of their battery-powered home energy service to offer customers more reliable and affordable power. After launching in the Austin area in May, Base is now available to select Dallas-Fort Worth homeowners that can choose their energy provider, with plans to further expand.

Base Power announced today the launch of their battery-powered home energy service to offer customers more reliable and affordable power. Base is available today to select Texas homeowners that can choose their energy provider, with plans to expand nationally.