Tech
Home batteries are suddenly cheap and everywhere. Here’s why.
Competition is heating up in the race to install home battery systems, with heavy hitters and nimble startups all vying for a piece of the market.
Tesla may have led the pack for years, but recently it has been feeling the heat from upstarts like Base Power, which has raised $2 billion in less than a year. The automaker-cum-energy company recently introduced a new Powerwall battery leasing plan that cuts the monthly price by more than two-thirds, an apparent response to all that competition.
Just how steep is that price cut? Home batteries typically cost more than $10,000 installed, making them attractive only to people with deep pockets who already have solar panels generating more power than they can use. But now, homeowners in Texas can lease either 27 kilowatt-hours of worth of Tesla Powerwalls for $35 per month or 39.2 kilowatt-hours of Base Power batteries for $19.
That kind of pricing is only possible because of two things: declining battery costs, and a technology known as the virtual power plant (VPP). A VPP aggregates and coordinates distributed energy resources like batteries and, in some cases, water heaters so that thousands of individual devices behave on the grid like a single large power plant, one that a utility can call on when it needs extra electricity. Companies like Tesla and Base Power, for example, can use their battery fleets as a VPP to help utilities and grid operators fill in gaps during periods of high demand.
The market for this technology is still small — $7.4 billion today — but it’s expected to top $30 billion by 2033, according to Grandview Research.
Traditionally, to handle spikes in demand, utilities have had two options: build expensive, specialized power plants known as “peaker plants,” which only run during periods of high demand, or pay large energy users, like factories, to disconnect for a few hours. Now, they can pay a VPP instead.
VPP operators charge the batteries when electricity rates are low, then sell that stored power back to the grid at a profit when demand sends prices soaring. The operator pockets a chunk of those profits, passing some on to consumers in the form of low electricity prices, cheap backup batteries, or both.
“There are resiliency needs everywhere,” Tim Pianta, head of utility partnerships at Base Power, told TechCrunch. “Our goal is to have it be a win-win, like it’s a no brainer.”
As electricity demand rises on the back of AI data centers and the electrification of the economy, utilities and grid operators are embracing VPPs with newfound fervor.
VPPs also have a speed advantage. Unlike building a peaker power plant, which can take years, VPPs can be built in months since installing batteries in people’s homes eliminates many land, permitting, and interconnection headaches. Base Power has a deal with CoServ, a North Texas electricity cooperative, to build a 100 megawatt VPP, for example. A traditional 100-megawatt power plant would take two to four years to come online, Pianta said. “We’re on pace to install that in under 12 months.”
Because VPPs rely on assets like batteries that are spread out across the grid, near where people actually use electricity, utilities don’t have to spend as much building new power lines and other infrastructure to support them, either.
It wasn’t always obvious that VPPs could play a key role in the grid. For years, Tesla operated a VPP using its Powerwall fleet, but it didn’t market it that way to consumers. Instead, Tesla encouraged homeowners to use their batteries for arbitrage with their electricity supply, charging their batteries with cheap, excess solar power during the day and drawing them down at night.
It worked well enough to get more than 6.7 gigawatts worth of Powerwalls installed, but newcomers like Base Power and its monthly battery plan are pushing Tesla to change tack. Base Power has been installing 8 megawatt-hours worth of batteries every day, a rate it hopes to double by the end of the year.
“We’ve always anticipated competition to come into the space,” Pianta said. “We wouldn’t have started a company if we didn’t think there was a really big opportunity here.”
Software gives VPPs another edge. Utility-scale batteries, which are VPPs’ closest competitor, are at a disadvantage because they have connect directly to the grid, which means dealing with congestion and long wait times to connect to it. “A distributed storage solution is able to clear both of those hurdles,” Pianta said.
While VPPs are gaining traction in a few markets like Texas and California, they’re likely to spread nationwide in the coming years as data centers look for ways to connect to the grid faster, said Nicole Tomasin, chief commercial officer at Energy Access Innovations.
“As we see more hyperscalers, more data centers coming online, I think more [VPP] programs are going to be accelerated because we’re accelerating demand,” she told TechCrunch. “They’re not buying kilowatt-hours, they’re buying interconnect speed at that point. A distributed fleet can be assembled in months against a queue that takes years.”
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Tech
CareCloud confirms 3.7M patients had their medical records stolen in data breach
Hackers have stolen the personal information and medical records of more than 3.75 million people in a data breach at health data giant CareCloud, the company has confirmed with federal regulators. The disclosure marks the first confirmation of the scale of the data breach, which is now confirmed to be the fifth-largest theft of health data in 2026 so far.
CareCloud detailed the March data breach in a filing with the Department of Health and Human Services (HHS) on Monday. The number of affected victims was reportedly revised up in an update on Tuesday, though it’s unclear if the figure is expected to rise further.
The New Jersey-based tech company provides electronic medical record storage to tens of thousands of healthcare providers around the United States, consequently serving millions of patients. CareCloud handles a large amount of patient data and billing information on behalf of hospitals, doctor’s offices, and other medical practices.
CareCloud has not publicly commented on the cyberattack since it disclosed the breach in March, when it said hackers had accessed patients’ medical data stored in one of its cloud storage environments over six days. The company later said in data breach notifications that the hackers exfiltrated data from the company’s Amazon Web Services account and stole reams of patient data.
The stolen data includes patients’ names, postal addresses, Social Security numbers, and their medical and health information. The hackers also took government-issued identification numbers, such as passports and driver’s licenses, as well as banking and financial information.
CareCloud chief executive Stephen Snyder has not responded to multiple emails to date requesting information about the incident, including whether the company has paid the hackers; who, if anyone, is responsible for cybersecurity at the company; or if Snyder plans to resign following the incident.
The breach at CareCloud follows several sizable healthcare breaches confirmed this year.
Tech giant TriZetto confirmed in March that a 2024 data breach affected 3.4 million people’s data, and an as-yet-unspecified number of people have had their data stolen during a July data breach at healthtech billing software maker Craneware.
According to HHS’ running tally of healthcare data breaches, dental insurance giant DentaQuest has had the largest data breach this year so far, with at least 15 million people’s personal and health information being affected.
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Tech
AI isn’t close to curing cancer. This startup says it knows what it will take.
A biotech startup called Vivodyne says the AI drug-discovery industry has a data problem, and that it has built a machine to fix it.
HIVE, modular robotic labs built by the company, can grow 20 kinds of human tissue, then autonomously dose and monitor them, generating the kind of causal biological data that today’s AI models are missing — data that today mostly comes from animal testing, or studies of single cells or proteins, not living tissue.
“Absent human testing, what are these [AI] models going to do?” asks Andrei Georgescu, Vivodyne’s CEO and co-founder. “They’re going to cure cancer in mice.”
Even Anthropic CEO Dario Amodei wrote over the weekend that claims that AI will cure cancer have become more cliche than credible — “the thing that will work is actually curing cancer,” as he put it.
To be fair, the idea that AI will cure cancer is something Amodei himself has tossed out in previous essays; Sam Altman has repeatedly cited curing cancer as a justification for OpenAI’s push toward AGI and ever-larger compute buildouts; and Google DeepMind’s Demis Hassabis said last year that AI could potentially cure all disease within a decade.
The actual results remain tepid. A handful of AI-designed drugs have proceeded into human trials — one as far as Phase III, widespread human testing — but the reality is that the roadblocks aren’t necessarily ones that AI can solve today.
Nobel-prize winning Alphafold was a big advance for understanding the building blocks of life, but it has yet to actually produce a new drug. Isomorphic Labs, founded to build on Alphafold, is expecting its first trials, originally planned for 2025, by the end of this year. In February, the company wrote that true drug discovery will require “highly accurate predictive models, across an expansive range of biochemical properties and interactions.”
Georgescu says the space needs “a sanity check”— that existing models don’t have the data to capture the complexity of human biology. It’s a challenge already facing the pharmaceutical industry, where 90% of drugs that are effective in animal testing to enter clinical trials don’t receive regulatory approval for humans.
Vivodyne’s plan is different. Vivodyne was spun out of the University of Pennsylvania in 2021, after Georgescu received a PhD in bioengineering there. The company says its tissues closely match the behavior of real human organs — that its liver cells have 94% predictive accuracy compared to human trials that test for toxicity, its airway tissue matches the behavior of real human tissue 96% of the time, and its bone marrow has achieved 100% concordance in tests of 20 different chemotherapy drugs.
Last week, the company, which has raised just under $80 million across two rounds led by Khosla Ventures, opened what it calls the world’s largest “human data center” just outside of San Francisco, and Georgescu says his team is already achieving twice the throughput of all the animal trials being held in the US.

The idea is to accelerate the path of drug candidates by having a better idea of what will work before going through the expense of a clinical trial, which typically costs tens of millions of dollars. Though it won’t name its partners publicly, Vivodyne says it is working with multiple major pharma companies to solve a problem that Georgescu compares to automotive crash tests: An automaker is typically confident its car will pass NHTSA requirements before testing it, but drugmakers rarely have that same confidence going into a clinical trial, where the vast majority of drugs fail to win FDA approval.
But there is a larger vision: Georgescu sees his autonomous biology labs as key to generating the kind of causal data that can be used to train new models on human biology. He points to studies like this one, published in Nature Methods last month, that find no clear data scaling laws when training generative AI models on existing cellular data.
“All the training is done on static snapshots of these cells, and the models are not conditioned at all by the how a cell got to that state,” Georgescu told TechCrunch. “In other words, the model learns ‘this is cell state A,’ ‘this is cell state B,’ but never ‘cell state B is the effect of inflaming cell state A.’”
Vivodyne’s HIVE machines, however, are tracking hundreds of thousands of ongoing experiments where diseased tissue is exposed to some stimulus, which Georgescu expects to provide the kind of reinforcement learning that will produce AI models that understand human biology enough to make more meaningful progress in healthcare.
Georgescu believes that will be key not just for today’s medicine challenges, but also for a future where complex diseases require drugs that, unlike the majority of those available today, target multiple pathways.
“If we want combination therapies, the space that has to be searched explodes—it can’t be an experimental approach,” he told TechCrunch. “You have to say, ‘I want this effect to happen, so what cause should I invoke?’ Establishing causality in human biology is the basis of all of this.”
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Tech
You can Venmo your college tuition, for some reason
College is a constellation of Venmo requests — your roommate’s cut of the utilities, your half of an Uber ride, the ticket to your friend’s a capella performance that you don’t actually want to go to. On Wednesday, Venmo’s parent company PayPal announced that you will now be able to use its services to pay your tuition.
Venmo and PayPal are partnering with the education payment platforms Illumia, Nelnet Campus Commerce, and TouchNet, which collectively serve thousands of colleges and universities, giving students and families another way to pay their tuition.
Yes, you can make one of the largest payments of your life on the same app where you can see that someone from high school is paying for “leaf emoji, fire emoji, smoke emoji,” whatever that could possibly mean. You might open the Venmo app when your friend gets you a latte, then think, “Oh, right, I haven’t paid my tuition yet! Let me do that real quick.”
“For students and families, tuition is the single biggest financial decision they’ll navigate for higher education,” said Nelnet Campus Commerce president Jackie Strohbehn in a statement. “Every payment option we add, including PayPal and Venmo, is about meeting them at that moment with more flexibility and less friction, so affordability isn’t a barrier to staying enrolled.”
Finally, someone said it! When eighteen-year-olds who make $10 per hour at the campus library confront their five-figure tuition bills, they’re really just wishing that someone would meet them at that moment with more flexibility and less friction.
Kids these days don’t know how good they have it. We used to go into debt via unfamiliar payment portals, but now, you can deplete your bank account within the comfort of the Venmo or PayPal app.
Back in my day, we didn’t have an “integration [that] enables institutions to broaden choice and create a more frictionless payment experience for students and families,” to borrow TouchNet president Jeremy Loch’s phrasing. Gone are the days when students will lack access to “a seamless experience that delivers value for both tuition payers and institutions.”
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