Former Tesla exec Drew Baglino's new startup is rethinking the transformer
a year ago
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- #energy
- #startups
- Former Tesla executive Drew Baglino starts Heron Power, developing solid-state transformers for the electric grid.
- Heron Power is raising $30M-$50M in Series A funding, led by Capricorn Investment Group.
- Baglino was a key Tesla employee, designing the Model S powertrain and leading battery storage engineering.
- Solid-state transformers improve grid stability, handle renewable energy fluctuations, and are more compact.
- Competitor Amperesand, also founded by Tesla alumni, is raising Series A after a $12.5M seed round.