COMPANY PROFILE

Heron Power

Develops advanced industrial power electronics, including modular solid-state transformers, to modernize and scale the electric grid

Scotts Valley, United StatesFounded 2024Energy

Valuation $500M–1B Last recorded · 2026

Headcount 100–500 Current team size

Total funding $100–500M Disclosed equity funding

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About Heron Power

Heron Power is a California-based startup focused on modernizing the electrical grid through advanced power electronics, with a particular emphasis on solid-state transformer technology. Founded and led by Drew Baglino, former Senior Vice President of Powertrain and Energy at Tesla, the company targets the critical bottlenecks in electricity generation and consumption that have emerged as renewable energy, battery storage, and data center loads accelerate grid demand.

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Heron Power’s flagship product, the Heron Link, is a modular, megawatt-scale power converter that eliminates the need for traditional transformers by connecting directly to medium voltage. Built on cutting-edge wide-bandgap semiconductors, the Heron Link offers high power density, ease of maintenance, and integrated voltage and frequency regulation. This enables greater reliability, lower costs, and improved grid stability—key factors for renewable energy, storage, and data center developers. The technology is designed to actively manage power flows, rapidly transition between sources, and help prevent cascading outages, addressing issues that legacy transformers cannot solve.

Heron Power plans to complete internal pilots in 2026, followed by partner installations in 2027, with manufacturing based in the United States. The team brings extensive expertise, having collectively deployed over 80 gigawatts of grid-connected power electronics in the past decade.

Heron Power’s innovation aims to accelerate the all-electric future by providing scalable, robust, and software-integrated infrastructure for the rapidly evolving energy landscape.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2024
Headquarters: Scotts Valley, United States
Employees: 89
Open positions: 19
Dealroom signal: 95.2/100
Sub-industry: Energy Efficiency
Sector: Energy, Smart Grid, Sustainable Development Goals, Industrial Technology, Energy Tech, Solid-State Battery, Climate Tech, Semiconductor Designers and Manufacturers, Energy Management System, Grid Technology
Technology: Hardware, Deep Tech
Business model: Manufacturing
Client focus: b2b
Links: Website LinkedIn

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Funding history

2 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
SERIES BOther financing	Feb 2026	$140M	$560M	Atreides · Breakthrough Energy Ventures · Capricorn Investment Group · Energy Impact Partners	↗
SERIES AOther financing	May 2025	$38M	$152M	Valor Equity Partners · Breakthrough Energy Ventures · Energy Impact Partners · Powerhouse Ventures	↗

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Growth signals

Heron Power website traffic

Latest recorded traffic for Heron Power is 16K monthly website visits, up 0% over the last three months. Heron Power's team grew 43.5% over the past year.

Latest monthly visits16K 3-month web change0% 1-year team growth+43.5%

Monthly website visitsApr 2025–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Test Engineer – Power ElectronicsScotts Valley, California, United States, Northern America, Americas · Other · Sep 4, 2026 Mechanical System Integration and Test EngineerScotts Valley, California, United States, Northern America, Americas · Other · Sep 4, 2026 Senior Product Test Engineer, Energy Storage ApplicationsScotts Valley, California, United States, Northern America, Americas · Other · Sep 4, 2026 Systems Integration Engineer, SST & BESS ApplicationsScotts Valley, California, United States, Northern America, Americas · Other · Sep 4, 2026 Senior Power Electronics Test & Validation EngineerScotts Valley, California, United States, Northern America, Americas · Other · Sep 4, 2026 Staff Multidisciplinary DesignerScotts Valley, California, United States, Northern America, Americas · Design · Sep 4, 2026 Compliance EngineerSan Francisco Bay Area · Other · Sep 3, 2026 Intern, IT Helpdesk TechnicianScotts Valley, CA · Other · Aug 28, 2026

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