Heron Power, a hardware focused on reshaping how energy projects and data centers connect to the grid, has raised $38 million in a Series A funding round led by Capricorn. Additional investors include Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity, JB Straubel, and former Tesla CFO Zach Kirkhorn.
Founded by Drew Baglino, a longtime Tesla executive who spent 18 years helping scale the EV and battery giant’s technology, Heron Power aims to eliminate traditional power transformers and converters. The company’s flagship product, the Heron Link, aims to directl connect megawatt-scale solar systems, battery storage, and AI data centers to medium-voltage transmission infrastructure.
- $38 million Series A round led by Capricorn; participation from Breakthrough Energy, Gigascale, and others
- Heron Link replaces legacy transformers and converters with direct medium-voltage connections
- Applications include large-scale solar, battery, and AI data center integration
- First field demos targeted for mid-2026
- Founded by Drew Baglino, former SVP of Powertrain and Energy at Tesla
- The company is based in Scotts Valley, California.