Grid technology company developing solid-state transformers for power conversion raised $140M to ramp production.
Heron Power, developing solid-state transformers for grid management and data centers, raised $140 million to build a manufacturing facility.
Investors: Andreessen Horowitz, Breakthrough Energy Ventures
Scotts Valley, California-based power conversion technology company founded by former Tesla SVP Drew Baglino raised $140 million for hardware that moves electricity from renewable sources to the grid and data centers.