A Texas startup is working to revolutionize the home energy market by making backup power affordable to all, according to TechCrunch.
Austin-based Base Power just raised $1 billion to bring its massive home batteries to homes across the nation. The company has already installed more than 100 megawatt-hours of battery capacity in Texas since launching in 2023, an impressive feat in a state known for its power grid challenges.
Base Power’s business model is truly unique. Instead of selling expensive systems that can cost homeowners tens of thousands of dollars, the company leases out its batteries. Customers pay an upfront fee, ranging from $695 to $995, for installation, and a small monthly payment of $19 or $29, depending on the battery size…