Heron Power Raises $38M Series A for Next-Gen Grid Transformers
Heron Power, a startup focused on revolutionizing electrical grid technology, has secured $38 million in Series A funding. Founded by former Tesla executive Drew Baglino, the company is developing solid-state transformers designed to be more efficient and compact than traditional models.
Transformers play a vital role in the electrical grid, managing voltage as electricity flows through the system. Heron Power is concentrating on medium-voltage transformers, which have broad applications ranging from large substations to residential power distribution.
These solid-state transformers promise to improve grid responsiveness and reliability. The company plans to begin initial installations in early 2027 and is collaborating with major energy and data center developers.
Funding Details and Investors
The Series A round was led by Capricorn Investment Group, with participation from prominent investors including Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity Partners, Tesla co-founder JB Straubel, and former Tesla CFO Zach Kirkhorn.
This significant investment will enable Heron Power to accelerate the development and deployment of its innovative transformer technology. The company aims to modernize the aging electrical grid and contribute to a more sustainable energy future.
For more information, visit the Heron Power website: Heron Power.
