What to know
The company has raised $1 billion alongside 20 investors which will help build its first Texas factory in the space previously occupied by the Austin-American Statesman printing press in downtown Austin.
"Base Power is an Austin-born company, and we're excited about deepening our investment in the city with the goal of bringing affordable, reliable power to Texans," Co-founder and CEO Zach Dell said.
The energy storage and power electronics factory will help meet the company’s current and future demands with its plans to expand services nationwide.
“We’re building domestic manufacturing capacity for fixing the grid,” COO and co-founder Justin Lopas said. “The only way to add capacity to the grid is physically deploying hardware, and we need to make that here in the U.S., ourselves. This factory in Austin is our first, and we’re already planning for our second. We’re building the infrastructure, systems, tools, processes, supporting software, and team that’s reindustrializing America and reinventing the grid.”
Some background
The company was founded by Dell and Lopas in 2023 and recently qualified Texas’s Aggregated Distributed Energy Resource program which allows distributed batteries to be combined and bid into the grid.
As stated in a news release, the company’s involvement in the program will help Base Power lower costs for homeowners.
Interested community members in Dallas, Fort Worth, Houston and the Williamson and Bell Counties can sign up or join the company’s waitlist on its website.
- 305 S. Congress Ave., Austin
- www.basepowercompany.com
