Heron Power, founded by Drew Baglino, has successfully raised $38 million in a Series A funding round to innovate medium-voltage transformers. These solid-state transformers are aimed at replacing outdated analog designs, promising enhanced compactness and responsiveness. The technology is crucial for modernizing the electrical grid, with applications ranging from major substations to residential neighborhoods. Initial installations are planned for 2027, with significant backing from prominent investors including Capricorn Investment Group and figures from Tesla, indicating strong industry interest in Heron’s advancements.
Heron Power’s innovative solid-state transformers aim to transform the electrical grid by offering more compact and efficient solutions compared to traditional models.
With a successful Series A funding of $38 million, Heron Power is set to pave the way for new transformer technology, targeting installations by 2027.
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