03-06-2025
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 one of the artificial intelligence 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 Crusoe Energy Systems, a developer behind OpenAI 's Stargate site, and Intersect Power LLC, which is developing energy plants for Alphabet Inc. 's Google.
