We’re in the middle of the sharpest demand inflection the energy industry has seen in a century.
We built @basepowerco to meet it. Distributed storage lets us add capacity on the grid we already have, in months, in the locations that are actually constrained.
@cpatdowling laid out how this works. We’re bringing tens of MWs online per month today, on the way to hundreds. ERCOT is drafting ADER Phase 4 so those MWs can be dispatched where they’re needed. Resources we can build in a few months can help with real congestion, in real time.
Thanks to our friends at Piq Enerrgy for helping pull this together. We hope it’s useful as other markets try to do the same.
We’re excited to announce that Base Energy for Business is now available, offering Texas companies a low, fixed electricity rate.
Electricity is one of the largest hidden operating costs, and many Texas businesses may be paying more than they need to. Upload a recent bill to get a personalized quote and switch online, with no phone calls, site visits, or interruptions to your business.
Excited to partner with @basepowerco as they launch in Chicagoland. More than 500,000 Chicagoans have dealt with outages just this summer, all while energy bills keep going up. Base is trying to do something about both.
For $95, they install a home battery that can keep your power on during an outage for up to 36 hours—and help save on your monthly energy bills.I��ll be honest, when they first told me, I was skeptical too. Then I met the team, saw how it worked, and wanted to be part of bringing it to Chicago. I spent a lot of years covering first here. Now it’s time to cover home.
Chicago saves on Base. Chicago’s safe on Base. Learn more: https://t.co/dF194LQFIa
#paidpartnership
For perspective, 52 GW is roughly half of US nuclear power generation, which in turn accounts for ~20% of US electricity generation. So, today’s battery storage capacity could accommodate 10% of US electricity generation, and its capacity is growing 70% per year. Wow.
Solar is Texas's fastest-growing source of power, up from almost nothing a decade ago to about 15% of the state's electricity last year.
Base Power & the Future of Electricity, by @espricewright & @mikemcg0: https://t.co/WvVWX2b8VY
In honor of their Series D fundraise announcement this week, we went deep with @ZachBDell, @JLopas, and @basepowerco to tell the story of America’s next great energy company.
Zach, Justin & team are what I love best about the American innovation machine - solving massive problems at scale in record time. Grt product for homeowners & distributed energy storage will be key to winning the AI race. 🇺🇸🚀
Base Core is the best and biggest home battery, built right here in Austin. But the actual story is that we now control our own supply. For years, we couldn't build enough batteries for everyone who wanted one. With our own battery, that constraint is gone.
So far, in a supply-constrained world, we’ve saved over 30,000 members tens of millions and backed them up through 28,000 hours of outages. Now the potential for impact feels nearly unlimited. Which means the growth team needs to think much, much bigger.
This is where it gets fun. Come build the biggest, most beloved power company with us.
https://t.co/rfWaCzdrRT
Base told me they save people money on their electricity bills, keep the lights on during power outages and strengthen the overall power grid.
I couldn’t understand how that was possible or why everyone wouldn’t switch to Base, so I wanted to find out for myself.
I’m now a customer, investor & endorser.
I toured the factory, met the team, visited a home install and asked a whole bunch of questions.
I went on the Base website and typed in my address to see how much they could save me on my electricity bill and it said 35%. I switched right there on the spot. No special VIP pricing, no endorsement trick, I literally logged on and did it myself on the regular website right from my phone.
The one question I kept coming back to was “Save money, protect your home during outages, help support the power grid. Why wouldn’t everyone want to get Base?”
I still haven’t found an answer to that yet.
Today they're launching Base Core, a new home battery fully designed by Base and built right here in Texas.
Check it out here: https://t.co/nZzMUo0yfh
@basepowerco
Thank you to @WSJ for covering the launch of Base Core and our $1B Series D.
The U.S. is undergoing a foundational shift in energy demand, and traditional power generation can't scale fast enough to meet it. Meeting demand this fast calls for new technology that works alongside the grid and adds capacity where it's needed most.
Base Core does just that: one of the largest home batteries on the market at 39.2 kWh, designed and built by Base in Austin, and engineered for rapid deployment at scale.
This new capital will go toward bringing Core to more homes, expanding nationally, and hiring exceptional talent.
The Series D is led by @RibbitCap, Addition, Valor Equity Partners, and @jpmorgan’s Strategic Investment Group, with participation from @AltimeterCap, D1 Capital Partners, Sands Capital, @coatuemgmt, Layer Global, and @EnergyImpact_ . Base’s major existing investors are re-investing, including @ThriveCapital, @a16z, @lightspeedvp, Trust Ventures, @CapitalG, and more.
https://t.co/SSzoQkcXOr