Fundraising Fox

Base Power

Texas, US · Founded 2023 · 451 employees on LinkedIn · 27 known investors

Base Power provides residential battery systems and retail electric provider services to customers in Texas. The company develops battery storage solutions certified under UL safety standards and offers electricity supply services through its licensed retail electric provider operations.

Also known as Base · Base Power Company · Base Power Development, LLC · Base Retail, LLC · Base Texas REP, LLC

Founders & leadership

Base Power was founded in 2023 by Zach Dell and Justin Lopas.

ZDZach Dell
Zach Dellin𝕏CEO
JLJustin Lopas
Justin Lopasin𝕏Co-founder

Investors · 27

Funding

SEC filings, press & company announcements

$3B disclosed across 3 of 6 rounds · 2025–2026

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Base Power is an Austin, Texas-based residential energy company that installs large-capacity batteries at customers' homes and, in deregulated territories, also acts as their retail electricity provider. Homeowners pay a low upfront installation fee plus a monthly membership fee and a per-kWh energy rate rather than purchasing the battery outright; Base retains ownership of the hardware. The batteries provide automatic whole-home backup that engages when the grid fails — the company states switchover occurs in under one second (usually under half a second) and that its current system protects against 97% of outages, with runtimes of roughly 25 to 36 hours depending on consumption and configuration. Homes may qualify for zero, one, or two batteries, and installation is performed in two visits near the home's electric meter.

Beyond backup, Base aggregates the installed batteries into a virtual power plant: units charge when grid demand and prices are low (for example overnight or midday) and discharge or export when the grid is stressed, which the company says is how it funds below-market retail electricity rates. Base monitors weather and grid conditions to forecast outages and reserve customer backup capacity. In regulated markets such as co-op and municipal utility territories, the customer's existing utility relationship is unchanged and Base works with the utility to site batteries that relieve local grid strain.

The company operates in Texas and Illinois and has also announced Base Energy for Business, offering fixed-rate commercial electricity plans in the ERCOT market. Corporate entities listed include Base Power Development, LLC, Base Texas REP, LLC, and Base Retail, LLC, at 205 E Riverside Drive, Austin, Texas.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Competitors · 2

by search overlap

Companies competing with Base Power for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Base Power do?
Austin-based Base Power installs subscription home batteries and sells retail electricity, using the fleet as a distributed power plant.
Who founded Base Power?
Base Power was founded by Zach Dell, Justin Lopas in 2023.
Who are Base Power's investors?
Base Power's investors include 137 Ventures, Andreessen Horowitz, Avenir Growth Capital, CapitalG, Congruent Ventures, Contrary, Elad Gil, Energy Impact Partners and 19 more.
How much funding has Base Power raised?
Base Power has disclosed $3B raised across 3 of its 6 known rounds.
Where is Base Power headquartered?
Base Power is headquartered in Texas, US.