Ex-Tesla executive signs letter of intent with Stargate’s Crusoe

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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…



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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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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