Tesla alum’s Heron Energy closes $38M Sequence A to rework key grid know-how

Heron Energy, {the electrical} grid-focused startup based by former Tesla government Drew Baglino, introduced Thursday it has raised $38 million in a Sequence A funding spherical.

Heron Energy is growing solid-state transformers, which promise to be extra compact and responsive than the century-old analog fashions. Transformers are key components of {the electrical} grid, stepping voltage up and down because it strikes via the system.

Heron focuses on so-called medium-voltage transformers, which covers a variety of doable functions, from massive substations behind fences to the inexperienced metallic packing containers discovered all through residential neighborhoods.

Heron Energy mentioned it’s concentrating 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 Affect Companions, Gigascale Capital, Powerhouse Ventures, Valor Fairness Companions, Tesla co-founder JB Straubel, and former Tesla CFO Zach Kirkhorn.