Base Power Series B — distributed home BESS aggregator + Texas grid services
Base Power $200M Series B for distributed home battery + grid services platform in Texas. Co-led by Addition, Andreessen Horowitz, Lightspeed, Valor Equity Partners. Partnerships with Lennar (homebuilder) and Bandera Electric (utility). Texas-based residential BESS aggregator competing with Tesla Powerwall + Sunrun in DG storage.
$200M
Deal Value
Battery Storage
Technology
TX
Location
Deal Details
- Deal Type
- Strategic & Growth Capital
- Seller / Sponsor
- Base Power
- Buyer / Financier
- Addition, Andreessen Horowitz, Lightspeed, Valor Equity Partners (co-leads); Thrive Capital, Altimeter, Terrain, Trust (participants)
- Deal Value
- $200M
- Stage
- Growth
- ISO/RTO
- ERCOT
- Source
- Renewable Energy World
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