Ex-Tesla leader Drew Baglino's energy startup Heron Power raised $140M in Series B funding. The investment will fund a 40-gigawatt US manufacturing facility for advanced electrical equipment. Demand stems from renewable energy and AI data center projects.
Key Points
- 1.Heron Power secures $140M Series B funding
- 2.Plans 40GW US facility for advanced grid equipment
- 3.Driven by renewables and AI data center demand
- 4.Led by ex-Tesla exec Drew Baglino
Impact Analysis
Boosts US grid capacity critical for AI data centers facing power shortages. Signals investor confidence in AI infra growth. May accelerate hyperscaler expansions amid energy constraints.
Technical Details
Facility targets advanced electrical equipment for next-gen grids supporting 40GW scale. Addresses high-demand from AI compute and renewables integration. Baglino discusses on Bloomberg Tech.
