Summary:
1. Heron Power, an energy infrastructure company based in Scotts Valley, CA, secured $38M in Series A funding.
2. The funding round was led by Capricorn Investment Group’s Technology Impact Fund and included participation from various investors in the energy sector.
3. Heron Power is focused on developing industrial power electronics solutions to enhance the electricity sector’s infrastructure with scalable and reliable technology.
Article:
Heron Power Raises $38M in Series A Funding
Heron Power, a leading energy infrastructure company headquartered in Scotts Valley, CA, recently announced that it has successfully secured $38 million in Series A funding. This significant investment will enable the company to further expand its operations and complete the engineering of its innovative solution, the Heron Link.
The funding round was led by Capricorn Investment Group’s Technology Impact Fund, a prominent investor in the technology and energy sectors. Additionally, the round saw participation from Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity Partners, Tesla co-founder JB Straubel, and former Tesla CFO Zach Kirkhorn, showcasing strong support from key players in the industry.
Revolutionizing the Energy Sector
Heron Power is at the forefront of developing industrial power electronics solutions that aim to revolutionize the electricity sector. Led by CEO and Founder Drew Baglino, the company’s focus is on providing scalable, reliable, and software-integrated infrastructure to support the growth of renewable energy, storage, and data centers.
One of Heron Power’s key innovations is its modular solid-state transformer technology, which allows renewable energy, storage, and data center developers to connect directly to medium voltage transmission without the need for traditional transformers. This cutting-edge technology not only enhances efficiency but also paves the way for a more sustainable and interconnected energy ecosystem.
Future Plans and Expansion
With the recent funding injection, Heron Power is poised for significant growth and expansion. The company has outlined ambitious plans, including an internal pilot in 2026, partner installations in early 2027, and the manufacturing of Heron Link in the United States. This strategic roadmap underscores Heron Power’s commitment to driving innovation and sustainability in the energy sector.
Overall, the successful Series A funding round, which brings Heron Power’s total funding to $43 million, serves as a testament to the company’s potential and the confidence that investors have in its vision for a more efficient and interconnected energy infrastructure.
