Base Power has raised over $1B in capital to support their start-up in Texas. They intend to skirt permitting regulations by creating a statewide virtual power plant with residential-based batteries that also provide backup power to homeowners.
I'm not sure what they're proposing is novel, but it seems to play well into efforts to stabilize consumer energy prices and grid operation in an inherently unstable market. I can see a lot of potential gotchas for subscribers (i.e., the devil in the details), but I'd consider doing it if I lived in TX and didn't have my own backup power.
I'm not sure what they're proposing is novel, but it seems to play well into efforts to stabilize consumer energy prices and grid operation in an inherently unstable market. I can see a lot of potential gotchas for subscribers (i.e., the devil in the details), but I'd consider doing it if I lived in TX and didn't have my own backup power.
Base Power is The Hottest Energy Startup. But Can It Make Money? - Green Car Future
Base Power is bringing Silicon Valley's tried and tested playbook of fast, aggressive growth at any cost to energy infrastructure. And if Base succeeds at what it does, they will mainstream batteries in a way that could permanently alter people's perception of clean energy infrastructure.
www.greencarfuture.com
