Heron Power Raises $38M to Modernize Grid Hardware
Slice of Energy Team
Jun 03, 2025
Key highlights
- $38M Series A funding led by Capricorn Investment Group
- Heron Link eliminates legacy transformers with modular, solid-state design
- Supports AI, renewables, and storage with grid-stabilizing tech
- Backed by Tesla co-founders and top VCs
- Manufacturing and pilot launches targeted for 2026–2027
Notable Quotes
“ We’re at an inflection point where clean, abundant energy is ready to come online—but grid interconnection challenges hold us back. ”
Drew Baglino, Founder and CEO at Heron Power
“ Power electronics innovation brings the power of ‘Moore’s law’ to energy. ”
Dipender Saluja, Co-managing Partner at Capricorn’s Technology Impact Fund
Why This Matters
Heron Power’s funding signals a critical step in updating outdated grid infrastructure—a major bottleneck to clean energy expansion. As renewable installations and AI-driven data centers surge, grid components like transformers must evolve. The Heron Link’s modular, software-integrated design addresses urgent grid challenges by improving stability, reducing costs, and accelerating deployment. This positions Heron Power as a key player in modernizing the power backbone for a more resilient, high-demand energy future.
