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Base Power Secures $1 Billion, Eyes Global Expansion

10/9/2025

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Summary

Story summary

Base Power raised $1 billion, valuing the Texas-based company at $3 billion.
It leases batteries to homeowners to store energy and sell it back when prices rise.
It has sold over 100 megawatt hours of capacity.
Plans include a battery factory in Austin, expansion to U.S. markets by year-end, and international expansion by mid-2026, with CapitalG backing.

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Story summary

Base Power raised $1 billion, valuing the Texas-based company at $3 billion.
It leases batteries to homeowners to store energy and sell it back when prices rise.
It has sold over 100 megawatt hours of capacity.
Plans include a battery factory in Austin, expansion to U.S. markets by year-end, and international expansion by mid-2026, with CapitalG backing.