Base Power, a distributed energy storage solutions provider, secured $200 million in a Series B funding round. Addition, a16z, Lightspeed, and Valor led the funding round, which was supported by existing investors Thrive, Altimeter, Trust Ventures, and Terrain. The company plans to use the funding in its R&D, scaling production with a Texas factory, forging utility partnerships for cost-efficient renewable integration, and expanding the team.