Funding

Drew Baglino Co-Founded Heron Power Raises $60M in Credit Facility

Sep 11, 2026 | By Devin Jacobs

SUMMARY

Heron Power secured a $60M credit facility.
Funds will support its new mass production factory.
Heron Power builds power electronics solutions.

Heron Power, a Scotts Valley, CA-based provider of power electronics solutions, has raised $60 million in credit facility.

The round saw backers J.P. Morgan and TriplePoint Capital.

The company plans to use the facility to convert an existing facility into a mass production factory and scale its operations.

Funding Snapshot

Metric	Details
Fundraise Amount	$60 million credit facility
Valuation	Not disclosed
Company	Heron Power
Sector	Power Electronics / Energy Infrastructure
Headquarters	Scotts Valley, California, USA

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About Heron Power

Founded by Drew Baglino, Heron Power Electronics Company builds hardware and software-controlled infrastructure for the electricity sector. Its technology is designed to help the grid scale with reliable and scalable power electronics solutions.

The company's first product, Heron Link, is a 5-megawatt medium-voltage power conversion system that enables renewable energy, battery storage and data center developers to connect directly to medium-voltage transmission without a transformer.

Core offerings include:

Medium voltage power conversion
Grid infrastructure hardware
Renewable energy connection solutions
Battery storage connection solutions

Core Technologies / Products / Services

Capability/Product	Application/Use Case
Heron Link	5MW medium-voltage power conversion system
Power Electronics	Supports scalable electricity infrastructure
Direct Grid Connection	Enables developers to connect to medium-voltage transmission without a transformer
Software-Controlled Infrastructure	Supports reliable and scalable grid operations

Leadership Comments

"A strong balance sheet and bench of advisors is key as we move from engineering to scale" said Drew Baglino, CEO and Founder of Heron Power. Our customers plan projects years and need a dependable power conversion partner. By adding Zach to the board, we benefit from his hard won wisdom navigating the challenging path from 1st delivered unit to profitability."

"Having been with Heron since nearly the beginning, as an investor and advisor, I've seen firsthand the exceptional capability, experience, and pace of execution of this team," said Zach Kirkhorn. "Modernizing the grid and reducing the cost of delivering power is one of our most important industrial challenges.