Brings Schelling's ontology into conversation with contemporary analytic metaphysics of powers Contributes to the recent revival of interest in Schelling as a historical figures as well as relevant to contemporary concerns Offers a unique account of Schelling's philosophy and conception of freedom Links Schelling's work to current debates in the analytic tradition Sheds new light on Schelling's relationship to Nietzsche and Deleuze Charlotte Alderwick presents Schelling's ontology as fundamentally power-based. She demonstrates that this ontology enables his unique conception of human freedom outlined in the 'Freedom' essay. This distinctive reading demonstrates that Schelling's power-based ontology can usefully problematise and supplement contemporary work on power-based ontologies. First, where current work focuses on powers in relation to specific areas of metaphysics, Schelling provides a holistic picture, encompassing these areas into a single ontological story. Secondly, engagement with Schelling's work points to problems (and to possible solutions) that will arise for any power-based metaphysics, but have not been examined in the literature.