Torus Inc., a full-stack energy platform offering storage, management, security, and generation solutions, today announced a $200 million investment by Magnetar, a leading alternative asset manager. The investment will accelerate the deployment of Torus’ proprietary modular power plants for utilities, data centers, and commercial and industrial customers across the United States.
Torus builds small, inertia-based hybrid energy systems that combine the power of mechanical flywheels with the duration of batteries, equipped with enterprise-grade security and software management. Each unit can sit at the edge of the grid or on-site at a facility and respond to grid signals in milliseconds.
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Linked together, they form a distributed “grid operating system” that gives utilities and businesses a new way to keep power reliable, scalable, and secure. By pioneering the first distributed utility layer, Torus is establishing a critical foundation for a modern, decentralized grid — one that has the potential to reshape the energy economy for decades to come.
Utility Partnerships
Torus has received numerous regulatory and technical approvals that unlock its ability to partner with regulated utilities. The company is expanding its existing partnership with PacifiCorp through a memorandum of understanding covering up to 500 megawatts (MW) of demand response capacity, building on a 70 MW agreement signed earlier this year that was filled within six months. These commitments are among the largest of their kind for American-made, grid-responsive energy storage covering Utah, Oregon, Washington, Idaho, Wyoming, and Northern California.
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