Base Power Raises $1 Billion to Scale Home Battery Technology
Base Power, a company specializing in home energy solutions, has secured $1 billion in funding to roll out its Base Core home battery model. The battery can keep homes running during power outages, reduce electricity bills, and support the grid by feeding back electricity when needed. Initially available in Texas and Illinois, the technology aims to lower pressure on the grid and promote sustainable energy.
Key points
- Base Power, a US-based company, raised $1 billion to scale its Base Core home battery model.
- The Base Core battery can keep homes running for 36-72 hours during power outages, depending on capacity and configuration.
- The battery is available in 39.2 kWh and 78.4 kWh versions, with the option to install in under an hour.
- The Base Core can reduce electricity bills and support the grid by feeding back electricity when needed.
- The technology is initially available in Texas and Illinois, with plans to expand to other areas.
Base Power, a US-based company, has secured $1 billion in funding to scale its Base Core home battery model. This significant investment aims to support the growing demand for home energy solutions that promote sustainable energy and reduce pressure on the grid.
The Base Core battery is designed to keep homes running during power outages, with the ability to provide power for 36-72 hours depending on capacity and configuration. The battery is available in two versions: 39.2 kWh and 78.4 kWh, with the option to install in under an hour.
In addition to providing backup power, the Base Core can also reduce electricity bills by reducing reliance on the grid. When the power is not out, the battery can feed back electricity to the grid, supporting the grid and helping to keep up-front costs down.
The technology is initially available in Texas and Illinois, with plans to expand to other areas. As the demand for sustainable energy continues to grow, Base Power's investment in the Base Core home battery model is a significant step towards a more energy-efficient future.
Sources
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