How Base Power is Solving the Energy Crisis

Key Takeaways

is that we have not built and rebuilt the distribution and transmission infrastructure for where the current demand is and certainly where demand is going. >> Okay. So now this is an this is the key issue that base power is trying to solve. Tell us about how you're doing that. >> Yeah, so base power we're a modern energy company. We're based here in Austin, Texas. Uh and we have operations throughout the state today and soon to be outside of the state. Our model is is quite simple to homeowners across the state of Texas. We offer affordable, reliable power. What that means is that we design, we manufacture, we install, own and operate batteries, uh, energy storage devices that go on single family homes. And because we own them, the customer doesn't necessarily need to front the capital expense to go buy a battery as they typically would. And again, because we own them, we're able to support the Texas power grid. So, in times of need, uh, when the grid is tight or there's congestion in certain areas of the grid, causing prices to rise, we're discharging the battery and offsetting the load of the home and providing power back to the grid. And then when there's no cars on the road, to use the analogy again, uh, we are very few cars on the road, we are charging those batteries um, and and interfacing with the wholesale markets here in Texas directly. >> From the homeowner's perspective, they get that battery uh, when when the grid goes off, as it unfortunately does here in Texas relatively often. Uh and it provides backup uh similar to how a generator would except you don't have to maintenance it. You don't have to put you know gas or oil in it.