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Base Power secures $200 million in Series B funding to scale its distributed energy platform and expand across Texas. The company grows rapidly from three towns to over 70 municipalities, deploying more than 10MWh of storage and partnering with utilities and homebuilders. A new factory in Texas and ongoing R&D efforts position it to meet rising electricity demand with smart, localized storage solutions.
$200 Million and Counting: Inside Base Power’s Massive Series B Round
Base Power secures a $200 million Series B funding round led by Addition, joined by a16z, Lightspeed, and Valor. Existing investors Thrive, Altimeter, Trust Ventures, and Terrain also participate. With this raise, Lee Fixel of Addition joins Antonio Gracias of Valor on the company’s board. The investment allows Base Power to scale its distributed energy platform and increase development across hardware, software, and operational deployments.
Why the Grid Can’t Keep Up With Demand Anymore
The national grid experiences increasing stress under the demands of transportation electrification and the rise of AI compute. Low-cost renewables are growing in capacity but bring instability due to intermittent generation. Combined with aging infrastructure, the existing energy network struggles to balance load and availability.
Distributed storage offers a way to close this gap by delivering real-time responsiveness and supply-demand balancing. It becomes central to enabling broader adoption of renewables and meeting rising energy requirements.
Texas-Sized Ambitions: How Base Power Grows From One Town to 70+ in a Year
Base Power begins operations in three Texas towns—Hutto, Round Rock, and Pflugerville—and expands to over 70 municipalities within a year. The company builds a customer base of more than 1,500 members. Monthly installation rates climb from single digits to an average of 16 installs per day, totaling over 10MWh of storage deployed in the most recent month.
Growth is driven by strong customer referrals, contributing to a monthly increase of over 30% since launch. The company records a Net Promoter Score near 80, indicating high satisfaction and consistent user-driven momentum.
Why Home Batteries Might Be the Grid’s Best Friend
Distributed storage systems deployed by Base Power operate at the residential level, supplying backup power to homes while supporting grid stability. By managing localized demand and generation, these systems relieve pressure from centralized infrastructure.
Real-time data from field operations feeds into iterative development, increasing the effectiveness of deployments. These batteries offer:
- Load balancing capabilities
- Rapid responsiveness to fluctuating grid demand
- Grid-stabilizing functionality during peak loads or outages
- Scalable installations across diverse locations
Recommended: GridPoint Gains $45M To Enhance Commercial Energy Management And Reach New Markets
The Factory That Changes the Game
Base Power begins construction of its first manufacturing facility in Texas. The factory provides greater control over the production process and enhances cost efficiency. In-house capabilities allow the company to iterate faster, maintain quality standards, and respond to growing demand without dependence on external supply chains.
The facility strengthens Base Power’s operational foundation and supports rapid scale across Texas and new regions under evaluation.
What Happens When Utilities Team Up With Tech
Partnerships play a key role in Base Power’s growth. A collaboration with Lennar enables integration of storage systems into hundreds of newly constructed homes. This provides insights into streamlining installation in future developments.
Work with Bandera Electric, a vertically integrated utility, demonstrates how distributed storage can benefit co-ops and municipal providers. These collaborations highlight the value of turnkey systems that combine hardware, software, and installation operations. Benefits include:
- Reduced infrastructure costs
- Enhanced reliability
- Seamless integration of renewable sources
How Engineering and R&D Fuel Every Decision
Base Power builds its business around a technology-first model. Each system iteration targets challenges such as thermal management, power conversion efficiency, manufacturability, and reliability. Real-world deployment data feeds directly into development cycles, improving both hardware and software at scale.
Rapid R&D allows for continuous system improvements. This cycle strengthens the platform’s performance and supports large-scale deployment efforts.
Where Base Power Goes From Here
The company plans to expand utility partnerships across Texas and explore opportunities in new regions. Ongoing discussions with additional utilities reflect confidence in its operational model.
Base Power is actively hiring engineers and operators to support product development, grid integration, and deployment logistics. Investment in talent aligns with its goal to build an engineering-led power company capable of supporting the electric era’s growing demands.
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