Drew Baglino, the former Senior Vice President of Powertrain and Energy at Tesla, has launched a new startup named Heron Power. The company aims to develop next-generation transformers for electric grids and is currently seeking to raise $50 million in a Series A funding round. Baglino's venture is part of a broader trend in the energy sector, focusing on innovative solutions for electrical infrastructure. Heron Power's development comes as the demand for advanced energy technologies continues to grow.