Base Power raises $200 million for home batteries

• This is despite a record number of residential battery installations last year, driven by falling prices, government incentives and blackout fears.

Zoom in: Investors in the Series B round include a16z, Addition, Lightspeed, and Valor Equity Partners.

• Plus insiders Thrive Capital, Altimeter, Terraine, and Trust Ventures.

The bottom line: Most home battery systems are installed by mom-and-pop businesses that can get rocked by market swings. A well-funded player could be better insulated, and maybe provide a rare win for VCs in the space.