Base Power
Base Power is an Austin-based vertically integrated home energy provider that designs and manufactures residential LFP battery systems, sells deregulated retail electricity in Texas and Illinois, and aggregates its distributed fleet into dispatchable virtual power plant capacity sold to utilities and cooperatives.
- Company typePrivate
- Founded2023
- HeadquartersAustin, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Base Power does
Base Power is an Austin, Texas-based vertically integrated home energy company that designs and manufactures proprietary residential lithium iron phosphate (LFP) battery systems and operates as a registered retail electricity provider (PUCT License #10338) in deregulated Texas and Illinois markets. Founded in 2023 by Zach Dell and Justin Lopas, the company offers three product layers that share a single integrated platform: (i) the Base Battery hardware (20, 25, or 50 kWh configurations) installed and owned by Base at member homes for $695-$995 plus a $19-$29 monthly membership; (ii) Base Energy retail electricity plans (fixed 8¢/kWh Base charge on top of utility delivery fees, 36-month rate lock, 100% renewable) sold with or without the battery; and (iii) a Virtual Power Plant (VPP) layer that aggregates the distributed fleet into dispatchable capacity sold to utilities via pay-for-performance toll or build-transfer arrangements.
Underlying the platform is in-house orchestration software that performs outage prediction (weather + grid telemetry), real-time charging/discharging optimization against ERCOT and PJM wholesale signals, and sub-second utility-direct dispatch via EMS/SCADA integration, delivering field-demonstrated 96% fleet availability and a forced outage rate below 5%. Members benefit from automatic whole-home backup (up to 48 hours across two batteries at reduced load), fixed below-market electricity rates (the company claims average savings of 39-42% versus incumbents), and 4¢/kWh solar buyback. Customers reach Base through a 3-minute self-serve online signup, energy-advisor inside sales, the Lennar homebuilder channel, or utility partnership programs (CoServ, GVEC, Austin Energy, El Paso Electric, Farmers EC, Bandera EC, and ComEd).
The business model generates revenue from five streams: (1) one-time installation fees, (2) recurring battery membership fees, (3) retail electricity supply margin on Base Energy plans, (4) wholesale grid services revenue from dispatching the aggregated fleet into ERCOT and ancillary markets, and (5) long-dated utility bulk capacity contracts tied to actual megawatts delivered. The company has raised $1.3B+ in disclosed venture funding, including a $1B Series C in October 2025, and was reported in May 2026 to be in talks for an additional ~$1B at a $12B valuation, with capital earmarked for a 20 GWh domestic LFP manufacturing build-out and a second US battery plant.
Base Power firmographics
Firmographics- Name
- Base Power
- Legal name
- Base Power, Inc.
- Website
- https://basepowercompany.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Base Power is an Austin-based vertically integrated home energy provider that designs and manufactures residential LFP battery systems, sells deregulated retail electricity in Texas and Illinois, and aggregates its distributed fleet into dispatchable virtual power plant capacity sold to utilities and cooperatives.
- Ownership category
- akta.pro rank
Base Power industry classification
Industry- Product category
- Residential Energy Storage
- NAICS
- Electric Power Distribution (221122)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Residential & Multi-Family BTM Storage (Home Batteries, Apartment Systems) (EUAFAJAE)
- akta.pro secondary industry
- Distributed Storage (Behind-the-Meter Batteries) (EUAMAJAE)
Keywords
Where Base Power is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Base Power business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Retail Electricity Supply (Base Energy): Base Power is a Registered Retail Electric Provider (PUCT License #10338) selling electricity supply plans to Texas homeowners and businesses in deregulated ERCOT territories at a fixed 8¢/kWh plus utility delivery fees, generating margin by earning grid-balancing revenue from its battery fleet instead of marking up customer rates. 36-month fixed plans available.
- Battery Membership Fees: Recurring monthly membership fee ($19/mo for one battery, $29/mo for two batteries) covers internet connectivity, all maintenance and service visits, system performance improvements, and app access. Battery agreement lasts 12 years; energy rate is locked for 3 years.
- Battery Installation Fees: One-time installation fee of $695 (single battery) or $995 (two batteries), plus optional add-ons such as Generator Recharge Port ($1,000) and optional features. A $50 refundable deposit applies toward the installation cost.
- Grid Services / Virtual Power Plant Revenue: Revenue earned by dispatching aggregated residential battery fleet into wholesale energy markets (ERCOT, PJM) and ancillary services markets. Includes utility pay-for-performance contracts and participation in programs like ERCOT's Aggregated Distributed Energy Resource Pilot.
- Utility Bulk Capacity Contracts: Long-term contracted revenue from utility partners (e.g., CoServ 100 MW, GVEC 50 MW, Austin Energy 40 MW, El Paso Electric 10 MW, Farmers EC 20 MW) for dispatchable capacity delivered via aggregated distributed batteries. Includes toll (Base-owned) and build-transfer ownership models.
- Base Energy for Business: Commercial and industrial electricity supply plans for offices, retail stores, restaurants, dental/medical practices, warehouses, churches, franchises, and multi-location operators across all ERCOT deregulated territories, with custom pricing below market average.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Backup Only (no energy plan) |
| Subscription | Monthly | Base Energy only (electricity plan without hardware) |
| Subscription | Monthly | Energy + Backup (full home battery + energy plan) |
| Subscription | Monthly | Base Energy for Business |
| One time/ perpetual license | Pay-as-you-go | One-time installation + battery system (hardware) |
Go-to-market motion5 records
Distribution channels6 records
Marketing channels9 records
Base Power product offering
Product offeringCore offering
Base Power designs, manufactures, and deploys proprietary lithium iron phosphate residential battery energy storage systems (20/25/50 kWh configurations) that it owns and maintains at member homes. It pairs these batteries with fixed-rate retail electricity supply plans (Base Energy for residential; Base Energy for Business for commercial/SMB) and aggregates the distributed fleet into a dispatchable virtual power plant sold to utility and cooperative partners for grid balancing, peaking capacity, and ancillary services. Base earns margin from grid-services dispatch rather than from customer rate markups, allowing it to deliver whole-home backup and below-market electricity rates in Texas (ERCOT) and Illinois (PJM/ComEd) deregulated territories.
Product overview
Base Power operates a single integrated vertical platform that combines a proprietary residential battery energy storage system (the Base Battery, available in 20/25/50 kWh Lithium Iron Phosphate configurations), a retail electricity provider (Base Energy for both residential and Base Energy for Business), and a utility-facing Virtual Power Plant (VPP) layer that aggregates the distributed fleet for grid services. The Base Battery is the hardware core; Base Energy (Residential) and Base Energy for Business are the electricity plans that ride on top of (or alongside) the battery and can be purchased without hardware. Two add-on modules extend the core battery: the Solar Integration path (Base + Solar, with a 4¢/kWh buyback) and the Generator Recharge Port (beta) for indefinite-duration backup via a portable generator. The mobile app (iOS/Android) is the member-facing control surface. All products share the same revenue model: Base earns from grid balancing rather than from marking up customer rates.
Differentiator
Problem solved
Functional benefit
Brands
- Base Energy: Base Power's retail electricity plan offering in Texas deregulated markets, providing fixed-rate energy supply to homeowners and businesses.
- Base Pace
Products and services
- Base Battery (Home Backup) Vertically integrated proprietary residential battery energy storage system (BESS) installed at member homes using lithium iron phosphate chemistry in three configurations: 20 kWh single wall-mounted, 25 kWh single ground-mounted, and 50 kWh double ground-mounted. Base owns and maintains the hardware; members pay a $695 or $995 one-time installation fee plus a $19 or $29 monthly membership fee. Provides whole-home backup (up to 48 hours across two batteries at reduced load), sub-second automatic transfer, and is dispatched by Base for grid balancing.
- Base Energy (Retail Electricity Plan) 36-month fixed-rate retail electricity supply plan available in Texas deregulated territories (Oncor, CenterPoint, AEP Central, AEP North, TNMP) without requiring the Base battery. Base's energy charge is 8¢/kWh; all-in rates depend on local delivery charges (13.4–14.9¢/kWh at 2,000 kWh). Powered by 100% renewable energy, with up to $150 of prior-provider cancellation fees covered. Margins come from Base's vertically integrated battery fleet and grid-balancing revenue.
- Base Energy for Business Commercial and small-business electricity offering available across all ERCOT deregulated territories (Oncor, CenterPoint, AEP Texas, TNMP). Serves SMBs, commercial and industrial accounts, multi-location operators, government/public sector, healthcare, real estate, restaurants/hospitality, and technology/services. Custom-quoted pricing positioned below market average, backed by Base's grid-balancing revenue model. Base covers up to $350 of prior-provider cancellation fees for SMB accounts.
- Base Virtual Power Plant (VPP) / Utility Partnerships Vertically integrated distributed-storage platform that aggregates Base's residential BESS fleet into a dispatchable virtual power plant for utility and cooperative partners. Provides three utility offerings: bulk peaking capacity, speed-to-power (accelerated load interconnection for large new loads), and distribution grid support. Includes an Operator dashboard for 24/7/365 dispatch with sub-second response, telemetry, and 96% fleet availability; payments tied to actual capacity delivered under toll (Base-owned) or build-transfer ownership structures.
Quantifiable outcome
- Average savings of 39-42% on electricity bills vs previous providers (Reliant, TXU, Gexa, Green Mountain, Rhythm)
- +7 more outcomes
Companies that use Base Power
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles5 records
Base Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability6 records
Feature8 records
Base Power partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered flagship (entry into pjm/illinois market), minor (potential data center client), flagship (utility partnership for 40mw), flagship (expanded to 50 mw), major (100 mw installation near dallas-fort worth), flagship (base's fifth and largest utility partnership, 100 mw), major (10 mw pilot program), major (first residential battery program in northeast texas, 20 mw), minor (electrical installation contractor), major (first hill country utility partnership) and flagship (homebuilder channel partnership).
- ComEd (Commonwealth Edison)flagship (entry into pjm/illinois market)Partnership to offer residential battery services directly to customers through retail competition in the Commonwealth Edison territory of Illinois. Base leverages Illinois' Clean and Reliable Grid Affordability Act to provide rebates to battery customers who discharge during evening peak hours, allowing Base Power to offer pricing at least 25% below ComEd's fixed rate.
- Dellminor (potential data center client)Base Power is in talks with Dell as a potential data center client, exploring "bring your own capacity" partnerships where residential batteries could source demand flexibility for large power users while providing social license for buildouts.
- Austin Energyflagship (utility partnership for 40mw)Partnership to install home battery systems manufactured in Austin, Texas. Targets 40 MW of distributed battery capacity under Austin Energy's Resource Generation and Climate Protection Plan, with full deployment expected within 18 months. Base designs and installs the battery systems, which can automatically provide backup power during outages while supporting renewable energy integration.
- Guadalupe Valley Electric Cooperative (GVEC)flagship (expanded to 50 mw)Expanded residential battery partnership from 2 MW pilot to 50 MW of dispatchable capacity across GVEC's full South Central Texas service territory. Provides GVEC members automatic whole-home backup at $295 per battery, including lifetime managed maintenance. Aggregation participates in ERCOT's wholesale energy and ancillary services markets via the Aggregated Distributed Energy Resource Pilot Program.
- Denton County Electric Cooperativemajor (100 mw installation near dallas-fort worth)Plan to install 100 MW of residential battery capacity for the Denton County Electric Cooperative near Dallas-Fort Worth after Base Power withdrew from a $4.85M incentive deal with the city of Austin for a planned $265M manufacturing facility.
- CoServ (Denton County Electric Cooperative)flagship (base's fifth and largest utility partnership, 100 mw)Deployed 100 MW of networked residential battery energy storage systems across North Texas in one of the largest distributed energy resource programs led by a Texas electric cooperative. Base installs, owns, and maintains the battery systems at qualifying customer homes, providing CoServ with dispatchable capacity to stabilize the grid during peak demand periods. Contract structure ties CoServ's payments to actual capacity delivered, aligning incentives between utility and startup.
- El Paso Electric (EPE)major (10 mw pilot program)Pilot program targeting up to 10 MW of residential energy storage online ahead of summer 2026 to improve reliability and system resiliency. EPE manages the battery fleet's dispatch and performance while Base Power handles installation and ongoing maintenance. Free batteries offered to qualifying customers with up to 48 hours of outage protection and at least 20% reserved for homeowner use, plus up to $500 in incentives.
- Farmers Electric Cooperative (FEC)major (first residential battery program in northeast texas, 20 mw)First residential battery program in Northeast Texas. Deploys 20 MW of networked residential batteries managed by Base Power to optimize energy use and enhance grid stability, providing affordable backup power and grid services across FEC's service area.
- Charge Prominor (electrical installation contractor)Licensed electrical contractor that installs Base Power battery systems at customer homes (e.g., Dylan, Thor, Andrew, Dominic, Brody mentioned in member reviews). Works under Base's in-house deployment factory model.
- Bandera Electric Cooperativemajor (first hill country utility partnership)Industry-first distributed battery storage partnership for at-home battery storage in the Texas Hill Country. Marked Base's first utility partnership in the region.
- Lennarflagship (homebuilder channel partnership)Partnership to provide Base Power home battery energy service as a standard or available feature to homeowners in select Lennar communities in key Texas markets (including DFW). Lennar is incorporating Base Power systems into new home construction as a competitive differentiator for reliability/resilience.
Scale indicators12 records
Recent moves13 records
Expansion highlights10 records
Base Power competitors and assessment
Company assessmentBroad incumbents
- Tesla (Energy / Powerwall): Direct residential battery competitor with Powerwall and the largest share (~82%) of the U.S. residential battery market, plus a VPP and retail energy presence in Texas via Tesla Electric. Most analogous competitor to Base's vertically integrated battery + retail electricity model.
- Generac: Largest U.S. manufacturer of home standby generators and increasingly residential battery storage (PWRcell, ecobee). Competes for the same homeowner backup-power wallet share that Base targets with its residential BESS offering.
- Stem Inc: Pure-play virtual power plant and distributed energy resource software operator aggregating behind-the-meter batteries and other assets for grid services. Comparable VPP/orchestration layer that Base offers as a competitive moat.
Direct peers
- Sunrun: Leading U.S. residential solar and battery installer with Brightbox battery offering and a virtual power plant program active in ERCOT and CAISO. Comparable as a residential energy-as-a-service provider selling solar+storage to homeowners in deregulated markets.
- Enphase Energy: Maker of IQ Battery residential storage and solar microinverters; sells through an installer channel and operates an Enphase Energy System platform including grid services participation. Comparable hardware + software stack for distributed residential energy storage.
- FranklinWH: Residential battery energy storage startup offering an integrated home energy management system (aPower + aGate) with whole-home backup and grid services. Closely comparable hardware product targeting the same homeowner backup + VPP value proposition as Base.
Emerging players
- Lunar Energy: Residential battery and home energy management startup founded by former Tesla Solar Roof executive Kunal Girotra, offering a vertically integrated battery + software platform. Comparable in targeting whole-home backup with utility-grade dispatch.
- Electriq Power: Residential battery storage company offering PowerPod home batteries with grid-services and VPP participation. Comparable product/market focus in distributed residential storage and grid arbitrage.
- OhmConnect: Residential demand-response and virtual power plant operator in CAISO/ERCOT, now operating as part of Lunar Energy. Comparable as a residential customer-facing VPP/demand-flexibility business.
Others
- VPP Energy / GridPoint: Distributed energy resource management and energy management software provider for commercial/retail customers, with a focus on multi-site energy optimization. Comparable orchestration software layer that Base competes with at the utility/C&I segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat8 records
Key risks6 records
Key highlights7 records
Customer concentration
Base Power social profiles
Digital presenceBase Power compliance and trust
Trust signalCompliance4 records
Base Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Base Power leadership team
Management profileNumber of profiles
Profiles5 records
Base Power subsidiaries and ownership
Company hierarchySubsidiaries3 records
Base Power funding detail
Funding detailFunding overview
Funding rounds4 records
Investors36 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Base Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Base Power
What does Base Power do?
Base Power designs, manufactures, and deploys proprietary lithium iron phosphate residential battery energy storage systems (20/25/50 kWh configurations) that it owns and maintains at member homes. It pairs these batteries with fixed-rate retail electricity supply plans (Base Energy for residential; Base Energy for Business for commercial/SMB) and aggregates the distributed fleet into a dispatchable virtual power plant sold to utility and cooperative partners for grid balancing, peaking capacity, and ancillary services. Base earns margin from grid-services dispatch rather than from customer rate markups, allowing it to deliver whole-home backup and below-market electricity rates in Texas (ERCOT) and Illinois (PJM/ComEd) deregulated territories.
Is Base Power a public or private company?
Base Power is a private company. It is classified as venture growth investor backed and is currently operating.
When was Base Power founded?
Base Power was founded in 2023. It employs 501 to 1,000 people.
Where is Base Power based?
Base Power is headquartered in Austin, United States, in the North America region.
How does Base Power make money?
Six revenue lines are on record. Retail Electricity Supply (Base Energy) is the primary driver. The others are battery Membership Fees, battery Installation Fees, grid Services / Virtual Power Plant Revenue, utility Bulk Capacity Contracts and base Energy for Business.
Who are Base Power's main competitors?
Broad incumbents on record are Tesla (Energy / Powerwall), Generac and Stem Inc. Direct peers are Sunrun, Enphase Energy and FranklinWH. Emerging players are Lunar Energy, Electriq Power and OhmConnect. VPP Energy / GridPoint is listed as an others.
Does Base Power have an API?
No public API is recorded for Base Power.
What industry is Base Power in?
Base Power's product category is Residential Energy Storage. Its primary akta.pro industry code is EUAFAJAE, Residential & Multi-Family BTM Storage (Home Batteries, Apartment Systems), with a secondary code of EUAMAJAE, Distributed Storage (Behind-the-Meter Batteries). Its NAICS code is 221122 and its SIC code is 4911.