Latest Heron Power News & Updates

See the latest news and media coverage for Heron. We track all announcements, press releases, and industry mentions in real time, all in one place.

Heron Power (Heron)

Industrial power electronics developer

heronpower.com

Headquarters: Scotts Valley, United States
Founded year: 2024
Company type: Private company
Number of employees: 90–200

Last updated Today

Latest news about Heron Power (Heron)

In short: Heron raised $140M in Series B funding and secured $26M in California state incentives to scale its solid-state transformer manufacturing.

Company announcements

June 15 Heron

Heron awarded $26M in incentives for California manufacturing

The incentives from the California Governor's Office aim to expand manufacturing operations in the state.

May 7 Heron

Heron Power receives $26.4M CalCOMPETES award

The award from California's GO-Biz supports Heron Factory One, a U.S. facility manufacturing next-generation power electronics. More location details soon.

April 10 Heron

Heatmap News covers transformer crisis boosting startups like Heron Power

Heron Power raised $60M Series A for solid-state transformers targeting data centers, solar, and batteries. It secured 50GW orders and plans U.S. factory.

April 1 Heron

Heron Power addresses US grid delivery challenges

Drew Baglino argues aging grid infrastructure limits electricity delivery amid rising demand from AI and EVs. Advocates solid-state transformers using power electronics to unlock capacity, improve reliability, and stabilize costs.

Media coverage

March 24 CoStar

News | Heron’s expansion powers up Scotts Valley’s innovation economy

Heron initially leased approximately 18,000 square feet in December before expanding by an additional 13,000 square feet in March at 4742 Scotts Valley Dr. (CoStar...

March 5 intelligence360

Heron Power Electronics has filed a notice of an exempt offering of securities to raise $139,999,853.00 in New Funding. - intelligence360

According to filings with the U.S. ... Heron Power Electronics is raising up to $139,999,853.00 in new funding. The federal securities law requires the notice...

February 18 Forbes

Ex-Top Tesla Engineer Raises $140 Million To Rewire The Electric Grid

Heron Power, backed by Andreessen Horowitz and Breakthrough Energy, is scaling up production of solid-state transformers that more efficiently move power to the grid.

February 3 Axios

Heron Power raising $100M+ from a16z for advanced transformers

Heron Power, the advanced transformer startup founded by former Tesla executive Drew Baglino, is raising between $100 million and $200 million at up to a...

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