This home battery company just raised $1 billion to build a new type of power company

This home battery company just raised $1 billion to build a new type of power company

When a winter storm took out the grid across Texas in 2021, Matt Popovits and his family didn’t have power for four days, and didn’t have heat in the record cold. “We spent the night huddled up lying on the floor in our living room next to our gas fireplace, just desperately trying to stay warm,” he says. “And I remember looking at my wife and saying, ‘We can never let this happen again.’” They started researching whole-house generators, but the…

Base Power hauls in $1 billion to take its distributed home battery model beyond Texas

The two-year-old power company has deployed more than 100 MWh of residential battery capacity across Texas, pooling thousands of installs in homes into a grid resource. It will now expand the model nationally in the US.From ESS News Base Power announced it has raised $1 billion in new funding to expand its residential battery network, currently located across Texas, into more regions in the US and even internationally. The company, founded in 20…