The Ledger
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Lopez: Base Power batteries offer 40 kWh capacity, triple traditional home units
“So it's a 40 kilowatt hour system and 20 kilowatts on the inverter. This is like three times larger than what you would find in a traditional home battery.”
Lopez: Base Power home batteries are designed to survive total floodwater submersion
“This can be submerged in water if we don't, obviously don't desire it to be, but if you're in Houston or somewhere on the coast in Florida if it floods, you're totally fine.”
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.”
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.”
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.”
McCormick: Base Power rents batteries and monetizes by trading power
“They're a retail electric provider, so they like are your power company when you install the battery. They, because of that, they don't have to sell it to you. They just rent you the battery essentially, and they, and you pay for the install cost, but then the…”