The Ledger
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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 …”
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.”
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 …”
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.”
Schendel: Utility-scale grid battery interconnection takes five to ten years
“So it takes five to 10 years to get a battery good connected.”
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…”
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.”
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 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.”