April 2024, USA: Former Tesla executive Drew Baglino, who departed Tesla last year, has founded Heron Power, a startup focused on developing solid-state transformers for the electric grid. Heron Power seeks to raise $30-50 million in a Series A round led by Capricorn Investment Group. Solid-state transformers offer advantages over traditional models, including voltage regulation for renewable energy sources, rapid power source switching, compact size, and active grid stabilization. Baglino's background in power electronics at Tesla positions him well to lead this venture.
Ex-Tesla Executive Drew Baglino Launches Heron Power, Aiming to Revolutionize Electric Grid with Solid-State Transformers
Edited by: an_lymons vilart
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