Company announcements and energy sector investment news

Base Power, Founded by Dell and JLopas, Launches in Texas to Stabilize Grid

May 7, 2024, 01:56 PM

Base Power, co-founded by Zach Dell and JLopas, officially launched today, aiming to transform the energy sector in Texas by making power more affordable and reliable. The company plans to deploy distributed battery storage systems across Texas homes, capitalizing on the state's volatile power market to support and stabilize the U.S. electric grid. This initiative, described as challenging but necessary, aligns with the increasing demands for power, particularly due to the rise in AI technology, and is part of a broader effort to transition towards cleaner energy solutions. The launch was exclusively reported today, highlighting the efforts of their 'killer team'.