Torus Raises $200M to Scale Modular Power Plants

Torus Inc. has secured $200 million in funding led by alternative asset manager Magnetar to accelerate deployment of its innovative modular power plants across the United States. The funding comes as artificial intelligence, cloud computing, and industrial electrification create unprecedented demand for reliable, scalable energy infrastructure.

The company’s hybrid energy systems combine inertia-based flywheels with long-duration batteries, moving beyond traditional chemical battery-only solutions. This approach enables millisecond response times to grid signals, ensuring stability and uptime for critical applications. By connecting multiple units, Torus creates a distributed “grid operating system” that reimagines energy management for utilities, data centers, and industrial users.

Proven Market Traction Drives Investment

With over 230 deployments in 2025 and more than 1 gigawatt of managed power, Torus has demonstrated both scalability and market demand. CEO Nate Walkingshaw describes the vision as creating “the world’s first distributed utility,” connecting small inertial power plants that deliver grid-scale performance at the network edge.

The funding will support expansion of manufacturing capacity, including the launch of GigaOne, a 540,000-square-foot facility in Salt Lake City expected to produce over one gigawatt quarterly within three years.

Strategic Utility Partnerships Expand

Torus has strengthened partnerships with regulated utilities, including a memorandum of understanding with PacifiCorp for up to 500 megawatts of demand response capacity. These commitments represent some of America’s largest grid-responsive energy storage projects, spanning Utah, Oregon, Washington, Idaho, Wyoming, and Northern California.

The company serves diverse customers including Varex, PWDR Resorts, and Salt Lake City International Airport, achieving 99.9% uptime reliability that chemical batteries alone often cannot match.