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Heron Power raises $140M to ramp production of grid-altering tech
Heron Power, founded by former Tesla executive Drew Baglino, announced on Wednesday that it has raised $140 million to build gigawatts worth of solid-state transformers for data centers and the grid. It’s a fast turnaround for the startup, which raised a $38 million Series A in May. Baglino said Heron Power didn’t need the money, but after customers expressed interest in buying more than 40…
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Heron Power Lands $140M to Scale a Grid Revolution
Heron Power, established by ex-Tesla executive Drew Baglino, revealed on Wednesday its success in securing $140 million. This capital infusion is earmarked for the construction of gigawatts of cutting-edge solid-state transformers, intended for use in data centers and power grids. Such rapid progress is noteworthy for the fledgling company, having just completed a $38 million Series A funding…
