# Base Power Company

> Base Power is an Austin-based energy company that installs large-capacity home batteries and sells electricity to homeowners as a licensed Texas retail electric provider. Founded in 2023 by Zach Dell and Justin Lopas, it pairs whole-home backup with low fixed rates, using its growing fleet of distributed batteries as a virtual power plant that charges when power is cheap and discharges when the grid is strained. The company raised a $1 billion Series C in October 2025 at a $4 billion valuation and is building its own battery factory in Austin to scale nationally.

- **Founded:** 2023
- **Headquarters:** Austin, Texas, United States
- **Founders:** Zach Dell (Co-Founder and CEO), Justin Lopas (Co-Founder and COO)
- **Team size:** ~230 employees
- **Products:** Wall Mounted Battery (20 kWh), Single Ground Mounted Battery (25 kWh), Double Ground Mounted Battery (50 kWh), Base retail electricity plan, Base monitoring app
- **Notable:** Raised a $1 billion Series C in October 2025 - among the largest funding rounds in the energy sector - at a $4 billion valuation., Grew installation pace from about one battery per day in mid-2024 to 20+ per day by mid-2025., Installed 1,500+ home batteries (~30 MWh) and sold 100+ MWh of home storage in Texas.

## Products & services

- **Wall Mounted Battery (20 kWh)** — A wall-mounted home battery system with an 11.4-kW inverter and roughly 15-year lifespan, offering whole-home backup without a separate critical-loads panel.
- **Single Ground Mounted Battery (25 kWh)** — A ground-mounted lithium iron phosphate (LFP) battery for larger whole-home backup and daily energy shifting.
- **Double Ground Mounted Battery (50 kWh)** — A higher-capacity ground-mounted system providing extended, roughly multi-day backup for larger homes.
- **Base retail electricity plan** — Fixed-rate residential electricity service as a licensed Texas retail electric provider, bundled with the installed battery and a low monthly service fee.
- **Base monitoring app** — Web and mobile app for real-time monitoring of battery charge, backup status, and energy usage.
- **Generator Recharge Port** — An optional add-on port that lets homeowners recharge the battery from a portable generator during extended outages.

## Achievements

- Raised a $1 billion Series C in October 2025 - among the largest funding rounds in the energy sector - at a $4 billion valuation.
- Grew installation pace from about one battery per day in mid-2024 to 20+ per day by mid-2025.
- Installed 1,500+ home batteries (~30 MWh) and sold 100+ MWh of home storage in Texas.
- Became a licensed retail electric provider in Texas, combining hardware and electricity sales.
- Announced a ~$265M Austin battery factory projected to create around 500 jobs, repurposing the former Austin American-Statesman press facility.

## Latest updates

- **2026-05** — Reported to be in talks to raise around $1 billion at a ~$12 billion valuation, roughly tripling its previous price.
- **2025-10** — Closed a $1 billion Series C led by Addition at a $4 billion valuation to fund national expansion and manufacturing.
- **2025-08** — Expanded into the Dallas-Fort Worth market.
- **2025-04** — Raised a $200 million Series B to reinforce the Texas grid and build American manufacturing capabilities.
- **2025-02** — Cut battery installation cost dramatically (to the hundreds of dollars) to accelerate adoption.

## Links

- Website: https://basepowercompany.com
- LinkedIn: http://www.linkedin.com/company/basepowercompany
- Twitter/X: https://twitter.com/basepowerco

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Profile page: https://yespress.io/base-power-company
Published by YesPress — https://yespress.io
Last updated: 2026-07-22