Expects to deploy Heron Link solution by mid 2026
US power electronics developer Heron Power has closed a Series A funding round, successfully raising $38 million. Following the Series A round, Heron has now raised a total of $43 million.
The funding will support the commercialization of its Heron Link product, which aims to replace legacy transformers and power converters by directly connecting rapidly growing energy technologies to medium voltage transmission. The company said that the product will play a crucial role in helping grid infrastructure meet the skyrocketing demand from AI data centers.
According to the company, Heron Link is a modular megawatt power converter built on the latest advances in wide-bandgap semiconductors. In addition, the company claims that the product is designed for high power density and ease of maintenance, offering greater reliability and lower costs for renewable energy storage and data center developers.
Drew Baglino, Heron's CEO and founder, said that over the next 12 months, the company will focus on engineering the product, with first field demonstrations expected in mid-2026. It has already secured partnerships with several major energy and data center developers, with partner installations slated for early 2027.
Baglino claimed that the product will provide its customers with higher power density and efficiency, greater reliability, lower costs, domestic manufacturing, and reduced project timelines.
"We’re at an inflection point where clean, abundant energy is ready to come online—but grid interconnection challenges hold us back," said Baglino. "Heron Power aims to bridge that gap. With electrification on a path to triple electricity demand and AI’s exponential need for power, we're moving fast on the opportunity to modernize the grid with more capable hardware.”
The funding round was led by Capricorn Investment Group, with participation from Breakthrough Energy, Energy Impact Partners, Gigascale Capital, Powerhouse, Valor Equity Partners, JB Straubel, and Zach Kirkhorn.
Bagolino is a veteran of Tesla, where he spent 18 years across a range of roles. Most recently, he was Tesla's SVP of Powertrain and Energy. He founded Heron in 2024, with the company headquartered in Scotts Valley, California.
