Base Power, Inc.

Base Power is an Austin, Texas-based energy technology company founded in 2023 by Zach Dell (CEO) and Justin Lopas (COO). The company's core mission is to deliver affordable and reliable home energy services, aiming to modernize the electric grid for the electric era. Base Power operates primarily in the electric utilities and energy tech sectors, with its headquarters located in Austin, Texas.

Base Power specializes in providing residential home battery systems that offer backup power and integrate with energy services. Their business model involves installing large home batteries (e.g., 40 kWh to 80 kWh) for customers at a low upfront cost, combined with energy plans that guarantee fixed, low rates, often below market average. The company's innovative approach utilizes these distributed batteries to support the grid by charging during low demand and discharging during peak periods, effectively creating a virtual power plant. This grid-balancing service generates revenue from grid operators, enabling Base Power to offer competitive rates to its customers.

As a privately held company, Base Power has attracted significant investment, raising a total of $1.3 billion across three funding rounds, including a $1 billion Series C round in October 2025, which valued the company at $4 billion. Base Power has expanded its operations beyond Texas, launching services in the Chicagoland area in July 2026, and has partnered with entities like Farmers Electric Cooperative to offer its battery backup program. The company projects substantial growth, with an estimated revenue of $70 million in 2026.