Overview

• Addition led the $1 billion Series C with participation from Lightspeed, Andreessen Horowitz, CapitalG, Ribbit, Thrive Capital, Valor Equity Partners, Altimeter and others, with TechCrunch reporting a ~$3 billion pre-money valuation.
• Base Power is building its first energy storage and power electronics factory at the former Austin American-Statesman site in downtown Austin and says a second U.S. facility is in planning.
• The company recently qualified for Texas’s Aggregated Distributed Energy Resource program, allowing its distributed batteries to participate directly in ERCOT market services.
• Base reports more than 100 MWh of residential battery capacity deployed across thousands of homes in Austin, Dallas–Fort Worth and Houston, with plans to expand nationally.
• The business leases home batteries with low upfront costs and monthly fees; TechCrunch reports $695–$995 installation, $19–$29 monthly, and a three-year power purchase at 8.5¢/kWh plus delivery, with customers allowing Base to dispatch batteries for grid support.