Base Power raises $1B to scale home battery production and support grid

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Austin-based startup Base Power has secured a $1 billion funding round to expand its operations. The company manufactures home battery systems designed to provide backup power and reduce strain on the electrical grid. The fresh capital will be used to ramp up production of its residential battery units. Base Power is among a growing number of companies betting that distributed home energy storage can play a key role in grid stability.

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