Austin-based startup Base Power, which offers battery-supported energy in the Houston area and other regions, has raised $1 billion in series C funding—making it one of the largest venture capital deals this year in the U.S. VC firm Addition led the $1 billion round. All of Base Power’s existing major investors also participated, including Trust Ventures, Valor Equity Partners, Thrive Capital, Lightspeed Venture Partners, Andreessen Horowitz (a16z), Altimeter, StepStone Group, 137 Venture...| Energy Capital
An Austin startup that pairs electricity with backup power has started doing business in Houston. Base Power announced this spring that it was entering the Houston market, with an initial focus on Cy-Fair, Spring, Cinco Ranch and Mission Bend. Now, Base Power is offering its service to households within the city of Houston. To support its growth in the Houston area, Base Power has opened an office and warehouse in Katy. More than 30 people now work there. Plans to expand the Katy location are...| Energy Capital