$1B round values Base Power at $13B: Michael Dell’s son disrupts energy storage
In one of the largest energy storage rounds of 2026, Base Power raised $1B at a $13B valuation, backed by Ribbit, Addition, Valor, and JPMorgan. Co-founded by Zach Dell, the startup has installed 23,000 batteries and plans rapid expansion, leveraging a retail power provider model that challenges incumbent utilities.