Drew Baglino, a former Tesla executive, has founded a new startup called Heron Power, which is focused on developing solid-state transformers for the electric grid. The company aims to raise between $30 million and $50 million in a Series A funding round, led by Capricorn Investment Group. Solid-state transformers promise significant advancements over traditional transformers, which have not seen major changes for over a century. By improving voltage regulation from renewable energy sources and ensuring more efficient energy transition, Heron Power aims to enhance grid stability and reliability in a rapidly evolving energy landscape.
Drew Baglino's startup, Heron Power, is developing innovative solid-state transformers for the electric grid, seeking to raise $30-$50 million for advancements in grid technology.
Solid-state transformers offer enhanced capabilities, like better voltage regulation from renewable energy sources and increased compactness, addressing a century of stagnation in transformer technology.
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