Heron Power, {the electrical} grid-focused startup based by former Tesla government Drew Baglino, introduced Thursday it has raised $38 million in a Series A funding spherical.
Heron Power is growing solid-state transformers, which promise to be extra compact and responsive than the century-old analog fashions. Transformers are key elements of {the electrical} grid, stepping voltage up and down because it strikes by means of the system.
Heron focuses on so-called medium-voltage transformers, which covers a spread of attainable purposes, from giant substations behind fences to the inexperienced steel packing containers discovered all through residential neighborhoods.
Heron Power mentioned it’s focusing on preliminary installations in early 2027, and it’s partnering with “main vitality and information heart builders.”
Capricorn Investment Group led the spherical, with participation from Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity Partners, Tesla co-founder JB Straubel, and former Tesla CFO Zach Kirkhorn.
