onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: a16z backs Base Power in $200M round for home backup batteries
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Tech

a16z backs Base Power in $200M round for home backup batteries

Last updated: April 9, 2025 5:48 pm
Oliver James
Share
3 Min Read
a16z backs Base Power in 0M round for home backup batteries
SHARE

In less than a year, Base Power has grown from a stealthy startup to one of the largest battery fleets in Texas.

Now, the company has raised $200 million to fund a rapid expansion, including dozens more megawatt-hours of battery storage and plans for a domestic battery factory.

The Series B round was led by Addition, Andreessen Horowitz, Lightspeed Venture Partners, and Valor Equity Partners. Altimeter, Terrain, Thrive Ventures, and Trust Ventures participated.

Backup batteries are nothing new — Tesla has been selling its Powerwall for nearly a decade — but Base Power takes the model to new territory. First, its batteries are massive, 25 or 50 kilowatt-hours, almost double or quadruple a single Powerwall, respectively. Then there’s the cost: Base Power charges just $595 or $995 up front depending on the capacity, while a single Powerwall will run about $15,000 or more before incentives.

The hitch? Customers have to commit to buying electricity from the company for three years at 9 cents per kilowatt-hour plus whatever delivery fees the local utility charges. They also have to pay an annual fee, which ranges from $225 to $345. For the average Texas household, the fee adds around 2 cents per kilowatt-hour.

For Base Power, the real money is almost certainly in so-called grid-balancing operations. Thanks to the way Texas’s power market works, the startup can be paid — handsomely in some cases — to tap the batteries it has installed to send electricity back to the grid.

By installing residential batteries, Base Power appears to have found a speedy way to build a megawatt-class fleet of batteries, sometimes called a virtual power plant. While Texas is home to a growing number of massive grid-scale battery facilities, they can take years to plan, permit, and built.

But residential batteries can be permitted and installed in a matter of weeks. Base Power installed 10 megawatt-hours last in March, co-founder and CEO Zach Dell told Canary Media. The company plans to hit the 100 megawatt-hour mark sometime this summer.

The new funding will go toward speeding installations and expanding into new states. It’ll also go toward starting construction on a battery factory in the U.S., an endeavor that could partially insulate it from the threat of tariffs but also introduce a new flavor of risk. Battery factories have proven challenging to master, and other companies have hit rough patches when attempting the same.

You Might Also Like

The Rise and Fall of Dinosaurs, As Explained by Extinction Events

iPhone 16e camera lacks latest-generation Photographic Styles

GM teams up with Nvidia to bring AI to robots, factories, and self-driving cars

How Do the iPhone 16E and Google Pixel 9A Compare to More Expensive Models?

Nintendo Switch 2 GameChat Has a ‘Significant Impact’ on System Resources, Say Tech Experts, as Final Specs Revealed

Share This Article
Facebook X Copy Link Print
Share
Previous Article Gunther reveals he’s signed a new WWE deal; details insane added perks Gunther reveals he’s signed a new WWE deal; details insane added perks
Next Article The Masters 2025: Nico Echavarria wins Par-3 contest as Keegan Bradley, Brooks Koepka fire aces at Augusta National | Golf News The Masters 2025: Nico Echavarria wins Par-3 contest as Keegan Bradley, Brooks Koepka fire aces at Augusta National | Golf News

Latest News

Why drinking sugar may be worse than eating it
Why drinking sugar may be worse than eating it
Finance June 9, 2025
Ohio State University is requiring every student to use AI in class to become ‘AI fluent’
Ohio State University is requiring every student to use AI in class to become ‘AI fluent’
Finance June 9, 2025
How the ,000 ‘Trump accounts’ for American babies compare to 529s and custodial Roth IRAs
How the $1,000 ‘Trump accounts’ for American babies compare to 529s and custodial Roth IRAs
Finance June 9, 2025
Ahead of Tesla robotaxi launch, residents in one Austin neighborhood say Model Ys—with drivers—are circling their blocks over and over
Ahead of Tesla robotaxi launch, residents in one Austin neighborhood say Model Ys—with drivers—are circling their blocks over and over
Finance June 9, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.