Torus Secures $200M for Modular Power Plant Deployment

Torus secured a $200 million investment from Magnetar, a leading alternative asset manager. This funding will accelerate the deployment of Torus modular power plants for utilities, data centers, and industrial customers across the United States.

Torus builds inertia-based hybrid energy systems. These systems combine mechanical flywheels with batteries, offering enterprise-grade security and software management. Each unit responds to grid signals in milliseconds, forming a distributed "grid operating system." This technology addresses rising energy demand, especially from artificial intelligence and cloud computing.

Scaling Distributed Energy Solutions

The company expands its partnership with PacifiCorp, targeting up to 500 megawatts (MW) of demand response capacity. This builds on a previous 70 MW agreement. Torus modular power plants also serve customers like Varex, PWDR Resorts, and Salt Lake City International Airport.

Data centers demand rapidly growing electricity. Torus technology provides speed and reliability for hyperscale operators, ensuring 99.9% uptime. Competitors like Fluence Energy and Tesla Energy also operate in the broader energy storage market.

Torus, founded in 2021, is opening GigaOne, a 540,000-square-foot manufacturing campus in Salt Lake City. Production will scale to over one gigawatt per quarter within three years. This investment supports the GigaOne build-out, meeting increasing demand for Torus modular power plants.