Base Power raises another $1B to save the grid using backyard batteries

Where most energy storage companies look for big tracts of land near large connections to the grid, Base Power is betting that it can beat them all by putting batteries in people’s backyards instead.

It appears to be paying off, with Base Power installing more than 500 megawatt-hours of storage over the past few years. The startup announced today that it has raised another $1 billion less than a year after its last billion-dollar round.