Drew Baglino, a former senior vice president at Tesla, has founded Heron Power, a startup focused on developing advanced solid-state transformers for the electrical grid. The company aims to raise between $30 million and $50 million in a Series A funding round, with Capricorn Investment Group expected to lead the effort. Baglino's initiative addresses the aging transformer technology that has remained largely unchanged for over a century, promising enhanced grid stability and efficiency. Heron Power joins other startups like Singapore’s Amperesand in seeking to modernize this critical infrastructure.