Story perspectives
Base Power Raises $1 Billion to Modernize U.S. Energy Grid
10/11/2025
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Story summary
- Base Power, an Austin-based startup, has raised $1 billion in Series C funding led by Addition.
- The round follows a $200 million Series B raised six months earlier.
- The company aims to modernize the United States power grid by installing distributed home battery systems to store energy and sell excess energy.
- Base Power is building its first energy storage factory in Austin, Texas, with plans for more facilities.
