Base Power Raises $1 billion Series C

Base Power raised $1B in Series C financing led by Addition, with participation from Addition, Keyframe Capital, Activate Capital. Residential battery network for grid stabilization. The new capital is framed around Deploy 500,000 home batteries across 10 US states.

What it does

Residential battery network for grid stabilization. The business sits in Energy & Climate, where funded companies are using fresh capital to deepen product coverage, distribution, or operating capacity.

Traction

30,000+ home batteries deployed; saving homeowners $1,200/year on average. Management framed the new capital around Deploy 500,000 home batteries across 10 US states.

Trend impact

MD-grade thesis held: available source material is not specific enough to support a non-generic investor-economist read without overclaiming.

Funding history

• Recent · Series C · $1 billion · Addition

Products & services

• Energy & Climate workflow monitoring tied to the funding announcement
• Customer-facing product described on the company website
• Operational tooling for energy & climate teams
• Data capture and reporting across core business processes
• Team expansion support funded by the latest round