# Base Power raises $1 billion Series D for residential battery storage as AI data center demand strains grid

> Base Power has raised a 1 billion dollar Series D at a 13 billion dollar valuation, led by Ribbit, Addition, Valor Equity Partners and JPMorganChase's strategic investment group. Alongside the round, the company launched Base Core, a 39.2 kilowatt-hour home battery, and it says it is now installing roughly 100 batteries a day across Texas and Illinois. The framing is explicitly about AI. As data centers pull ever more power from the grid, Base Power's argument is that distributed home batteries can absorb the strain, storing energy and easing the load at peak times rather than forcing utilities to build out expensive new capacity. The round brings the company's total raised to 2.5 billion dollars, a striking figure for what is essentially backyard hardware. It is another sign that the money chasing AI is spilling well beyond model labs and chipmakers, into the unglamorous but suddenly critical business of keeping the lights on while the grid absorbs a wave of new demand.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: TechCrunch · Published Thursday, August 13, 2026_

## Wortins' read

Base Power has raised a 1 billion dollar Series D at a 13 billion dollar valuation, led by Ribbit, Addition, Valor Equity Partners and JPMorganChase's strategic investment group. Alongside the round, the company launched Base Core, a 39.2 kilowatt-hour home battery, and it says it is now installing roughly 100 batteries a day across Texas and Illinois. The framing is explicitly about AI. As data centers pull ever more power from the grid, Base Power's argument is that distributed home batteries can absorb the strain, storing energy and easing the load at peak times rather than forcing utilities to build out expensive new capacity. The round brings the company's total raised to 2.5 billion dollars, a striking figure for what is essentially backyard hardware. It is another sign that the money chasing AI is spilling well beyond model labs and chipmakers, into the unglamorous but suddenly critical business of keeping the lights on while the grid absorbs a wave of new demand.

## Source

[Read the full story at TechCrunch](https://techcrunch.com/2026/08/03/base-power-raises-another-1b-to-save-the-grid-using-backyard-batteries/)

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