Base Power Aims to Redefine Energy Infrastructure with $1B Boost

Austin-based startup Base Power has raised $1 billion in Series C funding to expand its network of home battery systems and strengthen the U.S. power grid. The round was led by Addition, bringing Base Power’s total valuation to roughly $3 billion .

Founded in 2023 by Zach DellDealroom has a profile for this one. Try Dealroom → and Justin LopasDealroom has a profile for this one. Try Dealroom →, Base Power aims to redefine how homeowners and utilities interact with energy. Dell, son of Michael DellDealroom has a profile for this one. Try Dealroom →, the billionaire founder and CEO of Dell Technologies, brings strategic and investment experience from his time at Thrive Capital and Blackstone, alongside a vision to modernize America’s energy infrastructure. Lopas, a former engineer at SpaceXDealroom has a profile for this one. Try Dealroom → and Anduril IndustriesDealroom has a profile for this one. Try Dealroom →, contributes technical expertise in large-scale manufacturing and system design.

Base Power’s mission is to modernize how electricity is stored and distributed across the country. Instead of relying solely on centralized utilities, the company installs battery systems in homes, creating a network of distributed energy storage. Homeowners gain reliable backup power and can sell excess electricity back to the grid, while the collective network helps stabilize demand and reduce strain on aging infrastructure.

To support this expansion, Base Power is building its first factory in downtown Austin , on the site of the former Austin American-Statesman printing press. The facility will manufacture batteries and power electronics domestically, marking a step toward the company’s goal of reindustrializing energy infrastructure in the U.S. The startup also recently qualified for Texas’s Aggregated Distributed Energy Resource program , which allows its aggregated batteries to sell power directly to the grid—an important milestone for scaling its model nationwide.

CEO Zach Dell describes the effort as a “once-in-a-generation” opportunity to rebuild the energy system. With its new funding and manufacturing capacity, Base Power aims to make decentralized, clean, and resilient power a reality for millions of American homes.

Source: BuiltinTexas

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