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DEVELOPING: Heron Power Secures $140M, Revolutionizing Grid Tech!

Heron Power Secures $140M, Revolutionizing Grid Tech!

Heron Power has secured $140 million in a new funding round. The company, founded by former Tesla executive Drew Baglino, announced the news Wednesday. The funding will fuel the buildout of solid-state transformers.

The transformers are designed for data centers and the power grid. Demand is surging, driven by the rapid growth of data centers. Customers have expressed interest in over 40 gigawatts of the technology.

Baglino, CEO of Heron Power, previously led powertrain and energy groups at Tesla. The Series B round was led by Andreessen Horowitz's American Dynamism Fund and Breakthrough Energy Ventures.

Heron Power raised a $38 million Series A round in May. The company aims to accelerate production to meet demand.

This is a developing story. Updates will be provided as they become available.

AI-Assisted Journalism

Synthesized from multiple sources. Reviewed for accuracy.

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DEVELOPING: Brightline Dodges Bond Payment Deadline - For Now!
Business16m ago

DEVELOPING: Brightline Dodges Bond Payment Deadline - For Now!

Brightline, the Florida-based passenger rail service, secured a two-month grace period on its bond interest payment due February 17th, avoiding immediate default. The extension, granted by bondholders, comes with a 2% interest rate increase during the grace period, impacting the company's financial obligations. This move gives Brightline until April 15th to address the payment on its 235-mile rail line.

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DEVELOPING: Champagne Tycoon Unleashes Wall Street Tactics!
Business16m ago

DEVELOPING: Champagne Tycoon Unleashes Wall Street Tactics!

B. Stuyvesant Champagne, a luxury brand founded in 2020 by a former Wall Street executive, is aiming to expand champagne's market appeal. The company, led by CEO Marvina S. Robinson, faces challenges as a small business while leveraging financial strategies learned from her two-decade career. The brand's progress and market strategies are discussed on Bloomberg Businessweek Daily.

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DEVELOPING: Nevada Sues to Halt Kalshi's Prediction Market!
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DEVELOPING: Nevada Sues to Halt Kalshi's Prediction Market!

Nevada has filed a lawsuit against prediction market platform Kalshi, alleging unlicensed operation and underage user access, following a federal court denial of Kalshi's request to block state action. The suit reflects growing regulatory scrutiny of prediction markets, which have seen increased popularity, potentially impacting the state's established gambling market. This legal challenge adds to the evolving landscape of digital betting platforms.

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DEVELOPING: Kana Launches with $15M to Revolutionize Marketing AI!
Tech17m ago

DEVELOPING: Kana Launches with $15M to Revolutionize Marketing AI!

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Psychedelics Uncover New Cancer-Fighting Mechanism
AI Insights1h ago

Psychedelics Uncover New Cancer-Fighting Mechanism

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Colbert Censored: CBS Blocks Interview, VMware Users Cut Back
World1h ago

Colbert Censored: CBS Blocks Interview, VMware Users Cut Back

Drawing from multiple news sources, Tesla has stopped using the term "Autopilot" in California to describe its self-driving features, avoiding a potential 30-day sales suspension. This action follows a warning from the California DMV, which found Tesla's marketing practices misleading and in violation of state law regarding Advanced Driver Assistance Systems.

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China Fireworks Blast Kills a Dozen; Storms, Lent Mark Week
Entertainment1h ago

China Fireworks Blast Kills a Dozen; Storms, Lent Mark Week

Drawing from multiple news sources, a fireworks shop explosion in eastern China during Lunar New Year celebrations resulted in at least 12 fatalities, with emergency services responding to the blaze in Hubei province. This incident follows a pattern of firework-related accidents in China, where such events are not uncommon, as evidenced by a recent similar incident in Jiangsu province and a factory explosion in Hunan.

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World in Turmoil: Democracy Fights Back
AI Insights3h ago

World in Turmoil: Democracy Fights Back

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Robots Predict Future; Athletes Compete; Activist Arrested
Sports3h ago

Robots Predict Future; Athletes Compete; Activist Arrested

Drawing from multiple news sources, the upcoming 2026 Winter Paralympics will allow Russian and Belarusian athletes to compete under their national flags, a decision that has been strongly condemned by Ukraine. Ukraine's Sports Minister criticized the move, citing the flags' association with regimes that have weaponized sport and the participation of athletes linked to the war. This decision reverses the ban imposed after the 2022 invasion.

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Password Managers Vulnerable; Crypto's Dark Side Emerges
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Password Managers Vulnerable; Crypto's Dark Side Emerges

Password managers, once a niche tool, are now widely used, with an estimated 36% of US adults utilizing them to store sensitive data. However, new research, drawing from multiple sources, reveals that claims of "zero-knowledge" security by major password managers like Bitwarden, Dashlane, and LastPass may be overstated, especially when account recovery or sharing features are enabled.

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Benchmark Welcomes Altman; Meta Buys Millions of AI Chips
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Benchmark Welcomes Altman; Meta Buys Millions of AI Chips

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