Base Power Company: Chapter 3
Not Boring by Packy McCormick
Not Boring by Packy McCormick · Aug 12, 2026
Base Power Company just closed a $1 billion Series D at a $13 billion post-money valuation, fueling its ambition to become a top global energy player by solving the grid bottleneck with near-home batteries (Base Core) and a Gen 3, vertically integrated battery program. The piece outlines its 'Capability Cannon'—a growing mix of deployments, manufacturing, software, and policy know-how—and a 'Make, Move, Store, Sell' framework to scale from Texas to Illinois and beyond, with potential to extend into AI infrastructure. It argues that owning the grid’s high-ground will create a defensible position against entrants and incumbents and could enable Base to capture the largest share of the energy ecosystem over time.