Walmart invests in Base Power, offers battery discounts

BENTONVILLE, Arkansas - Walmart, the retail giant, has announced a strategic partnership with Base Power, a Texas-based energy company, and plans to offer the company's home battery systems to its customers. The investment and agreement were announced in a press release.

Starting from November, Walmart and Sam's Club customers enrolled in eligible Base home battery offerings will receive a 20% discount on Base Power's standard upfront battery installation fee. These systems are designed to provide backup power during outages and assist in reducing energy costs. Customers are required to pay an upfront installation fee for the battery systems.

In certain areas of Texas, Base Power also offers electricity plans. Shayne Wahlmeier, Walmart's Senior Vice President of Energy, stated that Walmart and Sam's Club customers rely on the stores to help them optimize their budgets. Base Power enables them to lower energy costs, maintain backup power during outages, and contribute to a more reliable grid.

Base Power currently serves over 35,000 members in Texas, with more than 20,000 households having a Base battery installed. The remaining members receive electricity service from Base. Initially, Walmart will launch the offerings in Texas, with plans to expand to other locations and markets in the future.

Product availability, potential savings, installation requirements, and pricing may vary depending on the customer's location, utility service area, and individual circumstances. Customers can meet with Base representatives at participating Walmart and Sam's Club locations to learn about available services and enroll. Base Power was founded in 2023 and is headquartered in Austin, Texas.