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Why investors are going gaga over solid-state transformers
February 21, 2026 2026-02-21 11:21Why investors are going gaga over solid-state transformers
Why investors are going gaga over solid-state transformers
It’s no secret that the electrical grid is aging, but one part stands out from the rest. Transformers haven’t changed much since Thomas Edison made his first light bulb.
Now, a string of startups are working to modernize the transformer, replacing it with modern power electronics that promise to give grid operators more control over how and where electricity flows. Three startups recently raised sizable rounds to scale up production of their solid-state transformer technologies. This week, DG Matrix raised a $60 million Series A and Heron Power raised
