I received the error message "ERROR 010029" when trying to do kriging in ArcGIS Pro. It turns out the cause was that the output raster contained invalid characters. The error mesage description was completly useless in finding the problem. Output name validation should occur at the moment we enter the raster name in the geoprocessing tool.
I got "ERROR 010029" when trying to do calculate different raster's Kernel Densities with modelbuilder.
However, for me it is not an output raster containing invalid characters issue, since I can run it fine without modelbuilder.
I am still working on resolving this issue.