Opinion
Schendel: The energy industry lacks a disruptive equivalent to SpaceX or Anduril
“I think the energy industry is actually in a pretty similar spot That the aerospace industry or the defense industry was in, in, in the last decade. The difference is that the energy industry doesn't have a SpaceX and it doesn't have an Android role. And we st…”
Assertion Not checkable as stated
Base Power cuts home battery installation times from months to weeks
“So today, if you go buy a home battery it's probably gonna take you two to six months to get that battery on your home. We can get a battery on a home. You know, it varies by permitting requirements from the local municipality, but on the order of two to four …”
Prediction Not checkable as stated
Base claims it will be America's fastest battery developer by summer 2025
“By the summer we'll be deploying at twice the rate. So we'll be the fastest battery developer in the country in, in, in the next, you know, three months.”
Disclosure
Base Power vertically integrates hardware, software, operations, and direct-to-homeowner sales
“We develop battery technology. We deploy the hardware. We own it. We operate it. We sell power directly to homeowners. We install the batteries ourselves. We do the field service and operations and kind of everything, all parts of the stack to build out a flee…”
Prediction Not checkable as stated
Schendel: Texas power grid is a canary in the coal mine for America
“That said, we think that Texas in a lot of ways is the canary in the coal mine for the rest of the country. And as a lot of the rest of the country moves into a load profile that looks a lot more like Texas, the demand for batteries in those states will go up …”
Prediction Open · timeframe Apr 2030
Schendel: Solar and wind plus storage will structurally undercut fossil fuels
“Well, actually the marginal cost of wind and solar plus storage is just going to be lower than the marginal cost of coal and natural gas.”
Assertion Partly supported
Schendel: Utility-scale grid battery interconnection takes five to ten years
“So it takes five to 10 years to get a battery good connected.”
Disclosure
Schendel reveals Base Power's three revenue streams and exact consumer pricing
“So we make money really in three ways. One is by monetizing the batteries for grid services. Two is by charging a monthly fee. So you pay four 95 up front which is another source of income and then 17 bucks a month. And then we sell power to the homeowner and …”
Prediction Not checkable as stated
Schendel outlines Base Power's ambition for a fifty-state nationwide expansion
“Build critical infrastructure for the country, and what that looks like is being in all 50 states going up the stack into utility infrastructure, going down the stack into the home and building more products and services to lower costs and increase reliability…”
Assertion Supported
Base Power raises $200M Series B from Addition, a16z, and Lightspeed
“The round was led by Addition, Andreessen Horowitz, Lightspeed coming in as new investors, and then existing investors, Valor, Thrive, Altimeter, Trust Ventures, Terrain, and a number of other smaller investors.”
Assertion Supported
Schendel: Base Power has installed over 1,000 batteries in the ground
“We now have over a thousand batteries in the ground and we've kind of earned the right to unlock new problems that we have to go figure out.”
Assertion Supported
Base Power announces its first utility partnership with Bandera Electric Cooperative
“So actually just today we announced our first utility partnership with Bandera Electric here in Texas, which we're super excited about.”
Assertion Not checkable as stated
Schendel: Base Power is installing 15 to 20 home batteries per day
“I think we did 19 installations today. So we're, you know, on the order of 15 to 20 installations a day.”
Disclosure
Base Power offers home batteries at checkout in 25 Lennar Texas communities
“If you're buying a Lennar home in, in select communities in Texas now, I think it's 25 communities across the state. When you go to buy a Lennar home, you have the option to sign up for base At kind of effectively checkout so that when you move in and deal in …”
Assertion Not checkable as stated
Schendel: Base Power's team has grown to approximately 80 employees
“We're about 80 people now.”
