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.