Base Power Raises $1B Series C at $3B Valuation to Expand Home Battery Storage Nationwide
Summary
Base Power secures $1 billion Series C funding at $3 billion valuation to expand home battery storage systems nationwide, currently serving 5,000 Texas households while reducing electricity bills by 10-20% monthly and providing backup power during outages amid growing AI infrastructure energy demands.
Key Points
- Base Power raises $1 billion in Series C funding at a $3 billion valuation to expand its battery storage technology for homes that supports the electrical grid
- The company currently serves around 5,000 households in Texas with plans to manufacture systems in Austin and expand nationwide to address unprecedented energy demands
- Base Power's home battery systems reduce customers' electricity bills by 10-20% monthly while providing backup power during outages as the US faces supply shortages from AI infrastructure growth