DALLAS, Dec. 5, 2024
/PRNewswire/ -- Lennar, one of the nation's leading homebuilders,
today announced plans to equip select Lennar communities in the
Austin and Dallas-Fort Worth area with home backup
battery systems by Base Power. Through this collaboration, Lennar
homeowners will have the opportunity to register for Base's monthly
electricity service and receive a complimentary Base backup
battery. This will provide outage protection and energy bill
savings for the homeowners.
Base, a licensed electricity provider in Texas, operates as a Virtual Power Plant: when
the grid is up and running, the Base battery improves grid
stability, and, when the grid goes down, Base protects customers'
homes from power outages. Base customers gain access to reliable
backup and competitive energy rates, without the high upfront costs
of traditional home batteries or generators.
"Over the past summer, more than 3.5 million Texans lost power
due to extreme weather and other factors," said Eric Feder, president of LENx, which
manages Lennar's innovation and venture capital investing.
"Our investment in Base helps Lennar homeowners avoid this
increasingly common occurrence with a worry-free solution. Lennar
is always innovating and the inclusion of Base in select markets
gives buyers peace of mind that their new home can weather almost
any storm – literally and figuratively."
Lennar's collaboration with Base will pilot in multiple
communities across North Austin
and DFW, beginning with Firefly Pointe (Hutto), Rancho del Cielo (Jarrell), and Rancho Canyon (Haslet). When homeowners enroll with Base,
their Lennar home will come outfitted with a Base battery. The
program is expected to expand across Lennar communities in
Texas.
"Lennar is a leader and innovator in homebuilding, always on the
forefront of the details homebuyers want. In Texas, homeowners want an amazing home - and
they want reliable and affordable power each and every day. We're
thrilled to be working with Lennar to make good on both of those
needs for more Texans," said Zach
Dell, CEO and Co-Founder of Base. "Together, our efforts
will uplevel the experience today's homebuyers want, providing
reliable and affordable power to more Texas homeowners while also bringing
additional capacity to Texas's
power grid, supporting growth in the state."
Base is available today in select regions of Texas with energy choice. Sign up to be
notified when Base is available in your area here.
Base customers save on their monthly electric bills and enjoy
power without interruption. Lennar customers can benefit from
Base's energy and battery service and consistently low energy
bills. Base also integrates with existing solar panels to add
backup power and offer the best solar buyback rates across
Texas.
Base offers transparent monthly billing with no hidden fees and
no misleading rebate programs. Base batteries are designed to last
15 years and withstand extreme temperatures and weather, and Base
owns the battery and handles any maintenance on the system.
About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation's leading
builders of quality homes for all generations. Lennar builds
affordable, move-up and active adult homes primarily under the
Lennar brand name. Lennar's Financial Services segment provides
mortgage financing, title and closing services primarily for buyers
of Lennar's homes and, through LMF Commercial, originates mortgage
loans secured primarily by commercial real estate properties
throughout the United States. Lennar's Multifamily
segment is a nationwide developer of high-quality multifamily
rental properties. LENX drives Lennar's technology,
innovation and strategic investments. For more information about
Lennar, please visit www.lennar.com.
About Base Power
Founded in 2023 and headquartered in
Austin, Texas, Base is the modern
power company for the electric era. Base is led by a team of
engineers and operators from companies including SpaceX, Tesla,
Anduril, Blackstone, and Apple. The company has raised capital from
Thrive Capital, Valor Equity Partners, Altimeter Capital, Trust
Ventures, Terrain, and others. Base is building distributed battery
storage for customers and the grid — unlocking reliable and
affordable energy for Texans. Their service supports the grid
during times of peak need and protects customers during outages —
for a fraction of the cost of other solutions. With Base, customers
don't have to worry about their power going out or their bill going
up. Learn more about Base here.
Contact: Danielle
Tocco
Vice President
Communications
Lennar
Corporation
Danielle.Tocco@Lennar.com
Direct
Line: 949.789.1633
Base Power Contact: press@basepowercompany.com
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SOURCE Lennar Corporation
