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Develops grid-scale power electronics enabling integration of renewable energy and next-generation battery storage into electrical grids.
Heron Power develops industrial power electronics, its Heron Link solid-state transformers, for the modern electricity grid. These advanced power conversion systems provide scalable, reliable, and software-integrated infrastructure. It replaces traditional transformers for efficient, controllable power flow, supporting high-growth sectors and boosting grid resilience.
The company was founded in 2025 by Drew Baglino, a former Senior Vice President of Powertrain and Energy at Tesla with 18 years leadership. Baglino recognized that antiquated electrical infrastructure, particularly conventional transformers, failed to meet escalating energy demands; modern power electronics were crucial for growth.
Heron Power’s solutions primarily serve hyperscale data centers powering AI, and solar and energy storage operators for integrated power conversion. Its vision is to remove electrical infrastructure as an expansion barrier, fostering a faster-growing, resilient sector supporting advanced technological and renewable energy needs.
Heron Power has raised $178.0M across 2 funding rounds.
Heron Power has raised $178.0M in total across 2 funding rounds.
Heron Power has raised $178.0M in total across 2 funding rounds.
Heron Power's investors include Erin Price-Wright, David Danielson, Capricorn Investment Group, Energy Impact Partners, Gigascale Capital, Valor Atreides AI Fund, Dipender Saluja, JB Straubel, Zach Kirkhorn, Breakthrough Energy Ventures, Powerhouse Ventures, Valor Equity Partners.
Heron Power develops industrial power electronics, its Heron Link solid-state transformers, for the modern electricity grid. These advanced power conversion systems provide scalable, reliable, and software-integrated infrastructure. It replaces traditional transformers for efficient, controllable power flow, supporting high-growth sectors and boosting grid resilience.
The company was founded in 2025 by Drew Baglino, a former Senior Vice President of Powertrain and Energy at Tesla with 18 years leadership. Baglino recognized that antiquated electrical infrastructure, particularly conventional transformers, failed to meet escalating energy demands; modern power electronics were crucial for growth.
Heron Power’s solutions primarily serve hyperscale data centers powering AI, and solar and energy storage operators for integrated power conversion. Its vision is to remove electrical infrastructure as an expansion barrier, fostering a faster-growing, resilient sector supporting advanced technological and renewable energy needs.
Heron Power has raised $178.0M across 2 funding rounds. Most recently, it raised $140.0M Series B in February 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 18, 2026 | $140.0M Series B | Erin Price-Wright, David Danielson | Capricorn Investment Group, Energy Impact Partners, Gigascale Capital, Valor Atreides AI Fund |
| May 29, 2025 | $38.0M Series A | Dipender Saluja | JB Straubel, Zach Kirkhorn, Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity Partners |