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Base Power closes $1bn funding round at $13bn valuation to expand AI-driven home battery fleet for grid capacity.
PRIVATESep 15, 2026•1 day ago
Amount Raised
$1 Billion
Round Type
Venture - Series Unknown
AustinEnergyRenewable Energy
Description
Base Power, founded by Zach Dell, has closed a $1 billion funding round at a $13 billion post-money valuation. The company installs 39.2kWh batteries in homes and manages a fleet of approximately 25,000 units across Texas, Illinois, and other deregulated markets. Base generates revenue through monthly fees and battery arbitrage while maintaining control of the units and using software to optimize grid discharge during peak demand. The round supports expansion of Base Core, the company's flagship home battery product rated at 39.2 or 78.4 kWh.
Company Information
Company
Base Power
Location
Austin, Texas, United States
About
Base is building the future of American power.
The grid is the largest, most complex machine in the world. But it’s aging, struggling to keep up with today’s demand, and is unprepared for our electrified future.
Base is modernizing the grid as the first engineering-led, technology-driven power company. We’re deploying a nationwide network of distributed batteries that strengthens critical infrastructure and saves Americans money.
Our team of engineers, operators, creatives, technicians, and electricians design and deploy systems at speed. If you want to tackle the problem that will define this century and shape the future of American energy, now is the time.
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AustinEnergyRenewable Energy