Heron Energy, {the electrical} grid-focused startup based by former Tesla govt Drew Baglino, introduced Thursday it has raised $38 million in a Sequence A funding spherical.
Heron Power is creating 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 the system.
Heron focuses on so-called medium-voltage transformers, which covers a variety of potential purposes, from giant substations behind fences to the inexperienced metallic bins 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 Funding Group led the spherical, with participation from Breakthrough Power Ventures, Power Influence Companions, Gigascale Capital, Powerhouse Ventures, Valor Fairness Companions, Tesla co-founder JB Straubel, and former Tesla CFO Zach Kirkhorn.