Sourcery Base Power's $200M Series B Co-Led by Lee Fixel of Addition, A16Z, Lightspeed, & Valor Equity Partners
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Apr 9, 2025 
Zach Dell and Justin Lopas, co-founders of Base, delve into their recent $200 million Series B funding, aimed at transforming the energy landscape. They share their vision for revolutionizing the power grid with vertically integrated battery technology. The duo recounts their experiences at SpaceX and Anduril, highlighting how these shaped their approach to innovation in energy. They discuss challenges within Texas's electricity market, their ambitious growth plans, and strategies for becoming a household name in clean energy.
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Distributed Storage Insight
- Zach Dell's interest in distributed energy storage stemmed from his time at Blackstone, where he analyzed lithium prices and battery storage demand.
- He realized that utility-scale battery storage faced constraints like interconnection capacity and transmission congestion.
Early Entrepreneurial Journey
- Zach Dell's entrepreneurial journey started in high school and continued through college with a focus on energy.
- His early venture involved developing anaerobic digestion systems, which, while unsuccessful as a business, provided valuable learning experience.
Founding Partnership
- Zach Dell and Justin Lopas's partnership began after a factory tour at Anduril, where they discovered a shared interest in starting a company.
- Their initial discussions focused on high-precision pack assembly in the US, evolving into the distributed energy storage concept behind Base Power.
