Heron Power

Heron Power

Develops solid-state transformers for grid modernization

Overview

Heron Power modernizes the electrical grid with solid-state transformer technology. Its flagship Heron Link is a modular, megawatt-scale power converter that connects directly to medium voltage, replacing traditional transformers and using wide-bandgap semiconductors for high density and fast voltage/frequency regulation. The system integrates software controls to manage power flows across renewables, storage, and data centers, improving grid stability and reducing equipment footprint. Its goal is to accelerate the all-electric future by delivering scalable, robust grid infrastructure with domestic US manufacturing and pilots starting in 2026.

Significant Headcount Growth

About Heron Power

Simplify's Rating
Why Heron Power is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Hardware

Industrial & Manufacturing

Energy

Enterprise Software

Company Size

51-200

Company Stage

Series B

Total Funding

$178M

Headquarters

Scotts Valley, California

Founded

2024

Get referred to Heron Power

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • August 2026 Morgan Hill site selection unlocked a $26.4 million California Competes award.
  • Heron and LG Energy Solution Vertech announced a June 2026 storage integration pilot.
  • Reuters reported transformer lead times up to four years, strengthening Heron's sales urgency.

What critics are saying

  • Mass production starts in late 2027, leaving Enphase, DG Matrix, and Amperesand room.
  • Heron depends on silicon-carbide supply, utility certifications, and first deployments before revenue arrives.
  • If Heron Link misses pilot performance, buyers will choose legacy transformer vendors and incumbents.

What makes Heron Power unique

  • Drew Baglino left Tesla in 2024, bringing rare grid-power electronics credibility and operator trust.
  • Heron Link combines medium-voltage conversion, voltage regulation, and software control in one module.
  • Morgan Hill factory targets 40 gigawatts annual output, signaling manufacturing scale uncommon among startups.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$178M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$100M
ClickUp
$140M
Heron Power

Benefits

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

-4%

1 year growth

3%

2 year growth

12%
PR Newswire
Aug 13th, 2026
Heron Power to invest $100M in California factory producing 40GW of power electronics annually

Heron Power will invest over $100 million to convert a 286,000-square-foot warehouse in Morgan Hill, California, into an advanced manufacturing facility. The factory will produce up to 10,000 Heron Links annually — 5-megawatt power conversion systems for large-scale energy and datacentre projects. The facility is expected to create over 600 jobs in manufacturing, engineering, and operations. Mass production is slated to begin in late 2027. California is supporting the project with a $26.4 million CalCompetes tax credit. Heron Link consolidates multiple pieces of grid equipment into a compact, software-controlled unit designed for higher efficiency and faster deployment. The company aims to address growing demand from AI datacentres and electric vehicles whilst reducing reliance on imported grid components.

New Equipment Digest
Jun 3rd, 2026
Heron Power, LG Energy team up on grid storage.

Heron Power, LG Energy team up on grid storage. Heron Power and LG Energy Solution Vertech integrate solid-state transformer tech with U.S.-made battery storage for utility-scale projects. June 3, 2026 Heron Power and LG Energy Solution Vertech have announced a design and engineering collaboration to integrate Heron's solid-state transformer-based Heron Link platform with LG Energy Solution Vertech's U.S.-manufactured battery energy storage systems into a validated DC-to-AC platform targeting utility-scale storage and high-load-growth applications including data centers and manufacturing facilities. Heron Link replaces conventional inverter-plus-transformer power conversion skids with a modular solid-state transformer architecture. The integrated system reduces DC block project footprint by 30%, improves energy density to 385 MWh per acre, and delivers 2.4% higher round-trip efficiency. Combined with lower EPC costs from streamlined deployment, project economics improve by up to 6% NPV. "By engineering a holistic solution together, we are unlocking higher power density, greater efficiency, and faster deployment for developers building the grid of the future," said Drew Baglino, CEO of Heron Power. "Our clients can choose to elevate the efficiency of their projects while leveraging advanced, American-made solutions," said Jaehong Park, CEO and president of LG Energy Solution Vertech. The companies are targeting a pilot deployment later this year, with broader commercial availability to follow. Contributors: This piece was created with the help of generative AI tools and edited by its content team for clarity and accuracy. Great question: A manufacturing podcast. Manufacturers from chemical producers to automakers to machine shops gain for critical insights into the technologies, economic conditions and best practices that can influence how to best run facilities to reach operational excellence. Tune in Now!

Transformer Magazine
Jun 3rd, 2026
Heron Power partners with LG.

Heron Power partners with LG. Companies combine US-made battery storage and solid-state transformer technology for utility-scale energy projects by Transformer Magazine June 3, 2026 USA, California, Scotts Valley: Heron Power and LG Energy Solution Vertech have entered a design and engineering collaboration to create an integrated energy storage solution for the growing US electricity market. The partnership brings together Heron Power's solid-state transformer-based Heron Link system and LG Energy Solution Vertech's US-manufactured battery energy storage technology. The combined platform is designed for utility-scale storage projects and energy-intensive sectors such as data centres and manufacturing. With electricity demand rising across the United States due to AI infrastructure, industrial expansion and increasing electrification, the companies aim to provide a domestically produced solution that can be deployed quickly and efficiently. Heron Link is designed as an alternative to conventional inverter-and-transformer systems. The modular solid-state transformer architecture offers higher power density, improved efficiency and greater project availability while reducing the space required for installation. According to the companies, the integrated system can reduce the footprint of DC block projects by 30 %, increasing energy density to 385 MWh per acre. The solution is also expected to lower EPC costs, improve availability and deliver 2.4 % higher round-trip efficiency. Together, these advantages could improve project economics by up to 6 % in net present value. The companies said the collaboration reflects a shared commitment to strengthening US energy manufacturing and supporting the next generation of grid infrastructure. A pilot project is planned for later this year to test the integrated system in real-world conditions, with broader commercial availability expected afterwards.

Associated Press
Jun 2nd, 2026
Heron Power and LG Energy Solution Vertech team up to build American-made battery storage systems with 30% smaller footprint

Heron Power has announced a collaboration with LG Energy Solution Vertech to integrate Heron's solid-state transformer technology with LG's US-manufactured battery energy storage systems. The partnership combines American-made lithium-ion batteries with medium-voltage power electronics for utility-scale storage and high-demand applications like data centres. The integrated system reduces project footprint by 30%, achieving 385 MWh per acre energy density. It delivers 2.4% higher round-trip efficiency and improved project economics of up to 6% net present value through streamlined deployment and lower engineering costs. The companies plan a pilot deployment later this year, with commercial availability to follow. The collaboration addresses growing US electricity demand driven by AI infrastructure, industrial expansion and electrification, whilst strengthening domestic energy storage supply chains.

TechCrunch
Feb 20th, 2026
Startups raise $280M to replace century-old transformers with smart grid tech

Three startups modernising electrical transformers have recently raised significant funding rounds. DG Matrix secured $60 million in Series A, Heron Power raised $140 million in Series B, and Amperesand obtained $80 million in November. These companies are developing solid-state transformers that replace traditional copper-and-iron devices with power electronics using silicon-based semiconductors. Unlike conventional transformers, the new technology offers real-time monitoring, bidirectional power flow, and software updates whilst handling multiple tasks in a single device. Data centres represent the initial target market, where solid-state transformers can replace several pieces of equipment whilst occupying 70% less space. The technology arrives as existing transformers age — over 50% of US distribution transformers exceed 35 years old — and demand surges from data centres and EV chargers.

Recently Posted Jobs

Sign up to get curated job recommendations

Heron Power is Hiring for 37 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →