Base Power Company

What we learned about the Texas electricity market after looking at 7,000 bills A year ago we built a bill comparison tool to help Texans understand what they were actually paying for energy. We knew the market was full of smoke and mirrors, but we just didn't know how bad it was. Here's what 7,000 bills taught us: 1. Loyalty is penalized. Texans who never switch pay a median rate of 16.0¢/kWh. Frequent switchers pay 14.0¢. That 2-cent gap can add up to thousands of dollars over the course of a contract for the average home. 2. Neighbors pay wildly different prices for the same thing. Three homes on the same Dallas street — same electrons, same poles and wires — paid anywhere from 13.7¢ to 25.3¢ per kWh. 3. The biggest brands often charge the most. The top five providers by size averaged 18.2¢/kWh while smaller providers averaged 13.9¢. Texans paid 20-40% more just for a name they recognized. Most Texans don't know they're overpaying. We built Base to fix that. In aggregate, we're already saving our members millions per year. You can see more of the data here: https://lnkd.in/gWxwMKPG Or see your home's savings here: https://lnkd.in/gzRKVrab

"So far, its model has worked especially well in Texas’ largely deregulated energy market where customers can choose their energy provider. But this year, the company began partnering with other utilities to deploy its batteries in regulated markets throughout the state, and it has sights on other parts of the country." https://lnkd.in/eTWhSb_W

Every Base battery has to work. Every home, every grid event, every time. We're hiring a Head of Firmware in Austin to lead the team that makes that true across our entire fleet, today and as we scale. This is a force-multiplier role with a high bar. We need depth across firmware verticals, conviction about leveling up an org, and the ability to move at Base Pace. If you've built firmware to that standard, we want to meet you. Apply → https://lnkd.in/e8WiAhGz

We're hiring for an exciting role at Base Power Company: Retail Partnerships. Own, operate, and scale our retail partnerships across Texas and beyond. https://lnkd.in/gGN5Q3Cp

We're excited to announce that our partnership with GVEC is expanding across their full service territory, deploying 50 MW of residential battery storage across South Central Texas. This expansion builds on a successful pilot and enables GVEC to bring significantly more dispatchable capacity online, further demonstrating how the utility-led distributed storage model can scale rapidly across a cooperative's full footprint. Read the full announcement: https://lnkd.in/geCeq-hJ

Today we're announcing Base Energy, a new electricity plan open to any Texan that can choose their provider, battery or not. Most Texans say they’re happy with their electricity provider. Our data shows 7 in 10 are overpaying and can save with our new plan. The reason is structural: our battery fleet generates revenue by supporting the Texas grid, and we pass those earnings back as a low, fixed rate that's guaranteed below market average, now and at renewal. Renters, apartment tenants, homeowners not yet ready for a battery: if you're in Texas and can choose your provider, you're eligible. Affordable, reliable power for all. That's the mission, and today we're a lot closer. See how much you could save at https://lnkd.in/gzRKVrab

Base Power Company just revealed how it’s spending some of the $1 billion it raised in October. The startup’s plan is to build one of the nation’s largest fleets of home batteries for CoServ outside Dallas–Fort Worth. Base Power will work to install 100 megawatts of home battery capacity in the utility's territory over the next two years. That's a scale that matches a natural-gas-fired peaker plant — a type of small power plant that fires up when demand is highest. While building a new gas peaker could take around five years of permitting and construction, Base Power can deliver the capacity in two years by striking deals with homeowners and installing each system in a day, said Tim Pianta, the company’s head of utility partnerships.

We’re excited to announce a new agreement with CoServ, deploying 100 MW of residential battery storage across their North Texas service territory. The program is Base’s largest collaboration to date and one of the largest distributed residential energy storage programs led by a Texas electric cooperative. This marks Base’s fifth utility collaboration in Texas, building on a proven model for rapidly bringing new capacity online. Through the program, CoServ will dispatch the battery fleet to manage peak demand and strengthen grid reliability, while Members receive affordable whole-home backup power. Read the full announcement: https://lnkd.in/gkajnZA7 Learn how Base is working with utilities: https://lnkd.in/g8iSCDW9

Inspiring day visiting our partner, Base, in Austin today. Working to optimize our system and avoid some infrastructure spend. Power up!