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Hyperscalers and data center developers are in a pickle: They all want to add computing power tomorrow, but utilities frequently play hard to get, citing years-long waits for grid connections. “All the AI data centers are struggling to get connected,” Amit Narayan, founder and CEO of Gridcare, told TechCrunch. “They’re so desperate. They are looking…
Former Tesla executive Drew Baglino has a new startup developing solid-state transformers for the electric grid, Axios reported. The new company, Heron Power, is raising between $30 million to $50 million for a Series A, according to the report, with Capricorn Investment Group pegged to lead the round. Baglino was a longtime employee at Tesla,…
This month, the Trump administration instituted sweeping cuts within the federal agencies in charge of power from hydroelectric dams, raising fears of grid instabilities in key data center markets. The recent layoffs slashed between 13% and 20% of the four Power Marketing Administrations’ workforces, affecting everyone from linemen to the teams that direct power on…