Inside Base Power: Interview with COO & Co-Founder Justin Lopas

Base Power is a modern power company focused on providing a reliable and affordable home energy service by concentrating on the deployment and leasing of home battery storage systems. This strategic dispatch of stored energy during peak demand stabilizes the grid, lowers costs, and represents a crucial shift toward a more flexible and sustainable power infrastructure.

Base Power raised $1 billion in Series C funding, bringing the company's valuation to $4 billion. The round was led by Addition, with participation from Valor Equity Partners, Lightspeed, Andreessen Horowitz, Ribbit, and CapitalG.

Base Power, headquartered in Austin, Texas, United States, was founded in 2023 by Zachary Dell and Justin Lopas. Base Power's Co-founder and COO, Justin Lopas, highlights that the company's success is rooted in its mission-driven culture and model as a modern utility, describing the team culture as emphasizing high ownership and intense mission alignment—focused on "enabling energy abundance for all humans" by fixing the grid. Strategically, the business aims to leverage distributed resources like batteries to transform the grid into a two-way street, maximizing the utilization of existing infrastructure and offsetting peak loads.