Exclusive: Why investors are going gaga over solid-state transformers | TechCrunch
TechCrunch
by Tim De ChantFebruary 20, 2026
AI-Generated Deep Dive Summary
Investors are showing significant interest in solid-state transformers, a cutting-edge technology aiming to modernize the electrical grid. Unlike traditional transformers, which have remained largely unchanged since Thomas Edison’s time, these innovative devices use advanced power electronics to provide more control and flexibility over electricity distribution. Startups like DG Matrix and Heron Power are leading the charge, raising substantial funding to scale production—DG Matrix secured $60 million in Series A, while Heron Power brought in $140 million in Series B. These solid-state transformers replace outdated, passive systems with controllable and updatable devices that can handle
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Originally published on TechCrunch on 2/20/2026