News Summary

• Zach Dell's Base Power has raised another $1 billion in a Series D funding round.
• Base's valuation has spiked to $13 billion from $4 billion in less than a year.
• Austin-based Base started out in its home state of Texas and recently expanded to Illinois.
• The company's business model is focused on offering a one-stop shop for the home: electricity and backup power courtesy of a battery storage system, not a standard gas generator."We want to bring Base to every neighborhood in America over time," Dell said.