# Base Power Austin-based energy company founded in 2023 by [[Zach Dell]] and [[Justin Lopas]]. Base leases home battery systems to residential customers, then aggregates those batteries into a fleet that sells grid-balancing services back to utilities — the customer gets backup power and a lower bill, Base gets a distributed asset it controls without owning the real estate it sits on. It closed a **$1B Series D at a $13B valuation** in August 2026 alongside the launch of its 39.2 kWh Base Core battery, bringing total funding past $2.5B — see [[Base Power $1B Series D]]. Backers include [[Thrive Capital]], [[Andreessen Horowitz]], [[Valor Equity Partners]], and [[Ribbit Capital]]. The company started in [[Texas]], where grid fragility after the 2021 winter storm created both the customer demand and the regulatory opening, and has since expanded beyond it. > Status: stub — expand with the ERCOT regulatory position, the leasing economics, the manufacturing build-out, and utility-relationship politics. ## See Also - [[Base Power $1B Series D]] - [[Zach Dell]] - [[Justin Lopas]] - [[Thrive Capital]]