October 12, 2025

Base Power Raises $1 Billion for Texas Grid Renovation

News Summary

Base Power has successfully raised $1 billion in Series C funding aimed at modernizing the Texas power grid. With plans to expand into the Dallas-Fort Worth area and establish a hardware factory in Austin, the company seeks to enhance domestic manufacturing and provide stable energy solutions. Their efforts include deploying residential battery capacity and forming partnerships with local builders, solidifying their position as a key player in the state’s energy landscape. Additionally, other Texas ventures are making strides, contributing to the region’s economic growth.

Texas – Base Power has successfully raised $1 billion in Series C funding to modernize and enhance the state’s power grid. This major investment will support the company’s plans for expanding its services throughout the Dallas-Fort Worth (DFW) area, with a particular focus on constructing a new hardware factory in close proximity to its headquarters in Austin.

The new factory will occupy a rented space within the printing plant of the Austin American-Statesman. This facility is expected to bolster domestic manufacturing capacity aimed at improving the stability and efficiency of the power grid. Base Power currently provides services in Fort Worth, Arlington, and Plano, and plans to further extend its reach into Dallas, Irving, Coppell, and North Richland Hills in the near future.

CEO and co-founder Zach Dell has highlighted the opportunity this funding represents to reinvent the power system in Texas. The launch of a factory is part of Base Power’s strategy to ensure the physical deployment of hardware that will add capacity to the grid domestically. COO Justin Lopas provided insight into the company’s objectives, stating that the factory will enable the company to enhance its manufacturing capabilities for critical power grid improvements.

Since its establishment in 2023 by COO Justin Lopas and Zach Dell, son of Dell Technologies founder Michael Dell, Base Power has quickly positioned itself as a leader in the distributed energy sector. The company has already deployed over 100 MWh of residential battery capacity within its first year of operation and is on track to become one of the fastest-scaling distributed energy platforms in the United States. Partnerships with homebuilders, including notable collaborations with Lennar, have facilitated this rapid growth.

Beyond Base Power, the DFW business landscape is bustling with various ventures. Applied Digital, a Dallas-based data center company, announced it secured $112.5 million in funding from a $5 billion equity facility with Macquarie Asset Management. This funding will be utilized for constructing a data center named Polaris Forge 1 in Ellendale, North Dakota.

Additionally, Yendo, a Dallas credit card company, unveiled a $50 million Series B funding round, attracting investments from notable figures such as Mark Cuban. Meanwhile, Jet OUT, a Milwaukee-based aviation service provider, is planning to establish a regional base in DFW by the end of the year to enhance services for private flyers.

In the hospitality sector, Mews is setting up a new sales hub in Dallas to support its expansion efforts across the U.S. Similarly, the Universal Technical Institute (UTI) is expanding its Dallas campus to accommodate an additional 1,000 students, focusing on programs in automation and wind turbine technology to better meet workforce demands in these emerging industries.

In a bid to promote small business growth, the Economic Growth Business Incubator (EGBI) in Austin has been awarded a $42,000 grant from the Federal Home Loan Bank of Dallas and Texas Capital. This grant will support business coaching and educational initiatives through the “Accelerate Your Venture” program, helping aspiring entrepreneurs navigate the challenges of starting and sustaining businesses.

Lastly, the Thriving Cities Fund was launched in DFW by Flock Safety and Homegrown, backed by an impressive $10 million investment aimed at providing resources to local brick-and-mortar businesses. This initiative aligns with the growing trend of supporting local economic development in the region.

These developments underscore a significant moment in Texas as innovations in power and technology sectors continue to develop, supporting the state’s economic growth and positioning it as a hub for new business initiatives.

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Author: STAFF HERE GEORGETOWN

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