Latest news with #DrewBaglino
CTV News
26-06-2025
- Automotive
- CTV News
Tesla executive, Elon Musk confidant leaves EV maker, source tells Reuters
Tesla executive and a confidant of CEO Elon Musk, Omead Afshar, has left the company, according to a person familiar with the matter. Afshar, who was part of the CEO's office at Tesla, had started overseeing sales and manufacturing operations in Europe and North America last year. Demand has tumbled, especially in Europe and North America, for the company's aging line-up of vehicles as Musk embraced right-wing politics and amid heightened competition from Chinese rivals. Last year, Tesla underwent a sweeping leadership shakeup as Musk's efforts to trim costs and pivot strategy to focus on self-driving technology and robotics led a wave of executive departures. Several top executives left Tesla amid restructuring and layoffs, including CFO Zach Kirkhorn, chief battery engineer Drew Baglino, and Rebecca Tinucci, who led the Supercharging division. Separately, Jenna Ferrua, who headed human resources operations in Austin, has also quit, according to media reports. Tesla and Musk did not immediately respond to Reuters requests for comment, while emails to Afshar were not delivered. Reporting by Akash Sriram in Bengaluru and Alexandra Ulmer in Washington; Editing by Shinjini Ganguli, Reuters
Time of India
04-06-2025
- Business
- Time of India
Ex-Tesla executive signs letter of intent with Stargate's Crusoe
A startup founded by former Tesla Inc. executive Drew Baglino has signed letters of intent to sell technology designed to address the AI boom's biggest bottlenecks: aging infrastructure and a transformer shortage . Baglino, chief executive officer and founder of Heron Power Electronics Co., said his company has inked preliminary deals with firms including Crusoe , which is developing OpenAI's Stargate site. Traditional transformers, which adjust voltage levels, are essential for transmitting and distributing electricity to anything that requires power. A shortage of transformers globally has caused long project delays and stymied the buildout of cheap renewables, just as power demand has skyrocketed. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Marataízes: Quanto vale a sua casa? Descubra agora! Valor da casa | Anúncios de pesquisa Saiba Mais Undo Heron Power's device eliminates the need of traditional transformers. The company's devices will be able to connect renewables, batteries and even data centers to the grid while also help stabilize energy flow. 'Using power electronics to modernize the medium voltage electrical stack is a critical solution to help Crusoe drive down costs and increase power efficiency in our AI factories,' Chase Lochmiller, Crusoe's cofounder and CEO, said in a statement late Tuesday. Live Events Baglino helped shape Tesla's powertrain, battery and energy product strategy. It's 'certainly possible' Heron will work with Tesla's own energy business in the future, he said in an interview on Bloomberg Television. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Last year was 'the beginning of the energy storage wave, and I expect Tesla Energy to continue to grow quickly,' he said.
Bloomberg
03-06-2025
- Business
- Bloomberg
Tesla Alum Targets Grid Transformation with Heron
Long-serving Tesla executive Drew Baglino has launched a new startup to address a major bottleneck in the energy sector transformers. Baglino discusses his company's technology and his experience at Tesla with Caroline Hyde and Ed Ludlow on 'Bloomberg Technology.' (Source: Bloomberg)
Bloomberg
03-06-2025
- Business
- Bloomberg
Ex-Tesla Executive Signs Letter of Intent with Stargate's Crusoe
A startup founded by former Tesla Inc. executive Drew Baglino has signed letters of intent to sell technology designed to address one of the artificial intelligence boom's biggest bottlenecks: aging infrastructure and a transformer shortage. Baglino, chief executive officer and founder of Heron Power Electronics Co., said his company has inked preliminary deals with Crusoe Energy Systems, a developer behind OpenAI 's Stargate site, and Intersect Power LLC, which is developing energy plants for Alphabet Inc. 's Google.
TechCrunch
29-05-2025
- Business
- TechCrunch
Tesla alum's Heron Power closes $38M Series A to transform key grid technology
In Brief Heron Power, the electrical grid-focused startup founded by former Tesla executive Drew Baglino, announced Thursday it has raised $38 million in a Series A funding round. Heron Power is developing solid-state transformers, which promise to be more compact and responsive than the century-old analog models. Transformers are key parts of the electrical grid, stepping voltage up and down as it moves through the system. Heron focuses on so-called medium-voltage transformers, which covers a range of possible applications, from large substations behind fences to the green metal boxes found throughout residential neighborhoods. Heron Power said it's targeting initial installations in early 2027, and it's partnering with 'major energy and data center developers.' Capricorn Investment Group led the round, with participation from Breakthrough Energy Ventures, Energy Impact Partners, Gigascale Capital, Powerhouse Ventures, Valor Equity Partners, Tesla co-founder JB Straubel, and former Tesla CFO Zach Kirkhorn.
