Chicago Tribune · Jul 2026
Reports Base Power's Illinois residential launch, 40 kWh batteries, up to roughly two days of backup, 20,000 Texas customers, and the company's local expansion.
Public company, workplace, funding, and market signals
Updated Jul 28, 2026
Base Power Company is an Austin-founded (2023), vertically integrated energy company that designs, manufactures, installs, owns and operates large residential batteries. It combines home backup, retail electricity and grid-balancing software into a distributed virtual power plant (VPP), initially in Texas and expanding into Illinois/PJM and utility partnerships.
Primary product
Company-owned whole-home battery systems (approximately 40 kWh Base Core, with earlier 25/50 kWh systems), paired where available with fixed-rate electricity service or utility programs. Batteries automatically back up homes during outages and are dispatched as a grid resource when conditions permit.
Founded
2023
Headquarters
Austin, Texas, United States
Team size
600+ team members (company careers page, 2026); third-party estimates vary from approximately 318–368
Work style
Onsite
Industry
168 jobs at Base Power
Energy technology
Sub-industry
Residential energy storage, virtual power plants, retail electricity and distributed energy resources
Offices
Business model
Stage
Late-stage growth / private; Series C
Total raised
$1.3B
Latest round
Series C · Oct 2025
Latest amount
$1B
Oct 2025 · Addition
Apr 2025 · Addition, Andreessen Horowitz, Lightspeed Venture Partners and Valor Equity Partners (co-leads)
May 2024 · Thrive Capital (reported by some databases; official announcement not located)
Mar 2021 · SDCL Energy Efficiency Income Trust plc (SEEIT)
Dec 2020 · Midlands Engine Investment Fund (managed by Maven Capital Partners)
Power purchase agreement / fully funded project
May 2018 · Cranswick plc
Historical financing at predecessor company Tamar Energy
Jan 2012 · Rothschild Investment Trust consortium
Leadership
Co-founder and CEO
Co-founder and COO
Head of Software; founding engineer
Dana Paz
Head of Deployments
Cole Jones
Head of Growth
Dino Sasaridis
Head of Hardware
Travis Kavulla
Head of Policy (reported June 2026)
Founders
Co-Founder and Director
Co-Founder and Director
Co-Founder and Projects Director
The company describes itself as intense, fast-paced, deeply mission-driven and 100% in-person, emphasizing hands-on work, proximity to the product and rapid execution. It hires across hardware, firmware, software, manufacturing, field installation/service and corporate functions.
Work style
Onsite
Compensation
Base says field compensation exceeds industry standards and includes full benefits and equity; third-party listings report equity, performance bonuses and benefits. A job-data provider indicates H-1B sponsorship is likely historically, but sponsorship is not confirmed for every role. No authoritative company-wide salary bands found.
Benefits
Pricing
Varies by address and program. Reported examples include a one-time installation fee plus monthly service/membership and, in retail-electricity markets, a fixed energy rate plus utility delivery charges. Austin Energy launch: $695 installation and $19/month. Chicagoland launch: $95 for the first 2,000 customers, then standard $295 installation, with electricity supply advertised at least 25% below ComEd's default rate; a 12-year agreement and $500 early termination fee were reported.
Differentiators
Technology
Customers
Competitors
Estimated revenue
Approximately $12M annualized revenue in 2025; third-party estimates/projected 2026 revenue around $70M–$70.8M. These are estimates, not company-reported financial statements.
Estimated monthly visits
377.8K
Traffic estimate as of Jun 2026
Chicago Tribune · Jul 2026
Reports Base Power's Illinois residential launch, 40 kWh batteries, up to roughly two days of backup, 20,000 Texas customers, and the company's local expansion.
Austin American-Statesman · Jul 2026
Reports Austin launch at $695 installation and $19 monthly service, up to 40 MW of utility-connected capacity, and more than 500 Austin employees.
TechCrunch · Jun 2026
Covers Base's first PJM-market expansion in Illinois, 25% below-ComEd rates, more than 500 MWh operating in Texas, and the behind-the-meter deployment strategy.
Canary Media · Jun 2026
Details the ComEd launch, first-2,000 pricing, 12-year agreement, utility/grid-market mechanics and potential future data-center capacity opportunities.
BasePower · May 2026
Official company update announcing growth and new hires following multiple project wins, including Andrew Morris and Tom Sharp.