The global energy sector is at a pivotal moment, as artificial intelligence, cloud computing, and industrial electrification drive unprecedented demand for reliable and sustainable power.
In response, Torus Inc. has raised $200 million in funding led by Magnetar, a leading alternative asset manager, to accelerate the deployment of its modular, hybrid energy systems across the United States.
Torus’ modular power plants combine inertia-based flywheels with long-duration batteries, supported by enterprise-grade software and cybersecurity. This is a major step away from traditional chemical battery-only systems.
The hybrid approach allows facilities to respond to grid signals within milliseconds, ensuring stability, uptime, and scalability. By linking units together, Torus creates a distributed “grid operating system” that reimagines how utilities, data centers, and industrial users manage energy demand.
CEO and co-founder Nate Walkingshaw described the vision as “the world’s first distributed utility,” connecting small inertial power plants that deliver grid-scale performance at the edge.
With more than 230 deployments in 2025 alone and over 1 gigawatt of managed power, Torus has demonstrated that its technology is both scalable and essential for modern grid resilience.
Funding Supports Growth at a Critical Moment
Hyperscale cloud operators are responding to rising energy consumption from higher AI workloads. This is necessitating faster response times and higher reliability than legacy infrastructure can deliver.
Accordingly, Magnetar executives emphasize that scaling capital-intensive energy infrastructure requires not only breakthrough technology but also long-term, flexible investment.
Dave Snyderman, Magnetar’s Global Head of Alternative Credit & Fixed Income, emphasizes the dual critical need of breakthrough technology combined with adaptable long-term investment in scaling capital-intensive energy infrastructure.
“Torus is at the forefront of redefining energy infrastructure,” said Snyderman. “The new funding will provide the resources necessary to commercialize at scale while addressing the rising power requirements of AI, industry, and utilities nationwide.”
Expanding Utility Partnerships
The infusion of growth capital also strengthens Torus’ partnerships with regulated utilities. Through a memorandum of understanding with PacifiCorp, Torus is enabling up to 500 megawatts of demand response capacity, building on a previously signed 70 MW agreement that was filled within six months.
These commitments represent some of the largest American-made, grid-responsive energy storage projects in the country, covering states including Utah, Oregon, Washington, Idaho, Wyoming, and Northern California.
Utility funding initiatives like this showcase Torus’ role in accelerating the clean energy transition while ensuring grid reliability via its distributed model.
Adoption Across Industries
Torus also serves major industrial and commercial customers. Enterprises such as Varex, PWDR Resorts, Ash Grove Cement, and Salt Lake City International Airport use Torus systems to maintain critical uptime.
For facilities where uninterrupted power is essential, Torus’ inertia-based design ensures 99.9% uptime — a reliability metric that chemical batteries alone often cannot achieve.
This broad adoption highlights how funding rounds in energy storage are increasingly linked to diverse industry applications from manufacturing to aviation.
Scaling Manufacturing Capacity
Founded in 2021, Torus has already impressively scaled from a prototype to a 40,000-square-foot facility producing over 400 MW annually. With the new funding, the company will expand further with the launch of GigaOne, a 540,000-square-foot manufacturing campus in Salt Lake City.
Production at GigaOne is expected to exceed one gigawatt per quarter within three years, giving Torus the scale required to meet growing customer demand across sectors.
Meeting the Challenge of the Ongoing Growth of Data Center Demand
The most pressing challenge for global energy infrastructure is the growth of data centers, particularly as artificial intelligence models require massive computational power.
Torus technology provides the speed and inertia hyperscale operators need to smooth out AI-driven dynamic loads. By leveraging hybrid storage rather than battery-only systems, Torus offers millisecond responsiveness, scalable design, and high reliability — all of which are crucial to meeting the exploding power needs.
The convergence of AI, electrification, and renewable integration has created a once-in-a-generation opportunity, driving a change in thinking about how energy systems are built and operated. Torus has the backing of top investors to pursue that opportunity already seen in its growing portfolio of industrial, commercial, and utility customers.
Torus is uniquely positioned to lead this transformation. Its modular, distributed approach creates resilience for both individual customers and for the grid as a whole.
