Base Power Secures $1 Billion in Series C to Transform Home Energy Storage

by THEFUTURE.TEAM

October 9, 2025

In a bold step toward redefining the home energy storage market, Base Power has rapidly built one of the largest battery storage systems in Texas, and now it is poised for even greater expansion. The Austin-based startup, which secured $200 million just earlier this year, has recently closed a $1 billion Series C funding round. Led by Addition and supported by CapitalG, Elad Gil, Lightspeed, Ribbit, Thrive Capital, and Valor Equity Partners, this infusion of capital values the company at $3 billion pre-money, according to the New York Times.

Rapid Growth in a Competitive Market

Founded only in 2023, Base Power has already deployed over 100 megawatt-hours of home storage capacity in Texas. The company’s leasing model dramatically lowers the high upfront costs typically associated with battery installations. Homeowners can now access either a 25 kilowatt-hour or a 50 kilowatt-hour battery—both options providing significantly more capacity than offerings such as a single Tesla Powerwall. These robust systems are capable of powering a home for up to 48 hours, ensuring both reliability and energy independence.

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Innovative Business Model and Market Strategy

Base Power’s strategy capitalizes on Texas’s deregulated utility market, which affords households the flexibility to switch energy providers with ease. By agreeing to a modest upfront installation fee—ranging from $695 to $995—and a monthly charge of $19 to $29, customers enter a three-year contract where they purchase electricity directly from Base Power at competitive rates. This arrangement not only makes advanced home energy storage accessible but also leverages grid services to earn additional revenue. When the batteries are not used for backup, Base Power sells the stored energy back to the grid, thereby maximizing returns in a market that rewards quick, large-scale responses during peak demand periods.

Scaling Up and Future Prospects

Looking ahead, Base Power is set to expand beyond Texas and further bolster its manufacturing capabilities with plans to construct a second battery factory in the United States. The initial plant near Austin is already setting benchmarks in quality and capacity, underpinning a scalable approach that could redefine energy storage markets nationwide.

With its innovative leasing model, strategic engagement in deregulated markets, and strong investor backing, Base Power is well-positioned to lead the evolution of sustainable home energy systems. As the demand for resilient, independent power solutions grows, Base Power’s trajectory offers a compelling case study in combining environmental stewardship with robust business growth.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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