Magnetar Investment Supports Torus' Deployment of Modular Power Plants

Company Overview - Torus is a full-stack energy platform that provides storage, management, security, and generation solutions, recently announcing a $200-million investment from Magnetar to accelerate the deployment of its modular power plants across the U.S. [1] - The company specializes in small, inertia-based hybrid energy systems that combine mechanical flywheels with battery duration, designed to respond to grid signals in milliseconds [1][2] - Torus has received regulatory and technical approvals to partner with regulated utilities and is expanding its partnership with PacifiCorp, covering up to 500 MW of demand response capacity [1] Industry Context - Data centers are rapidly increasing electricity demand due to AI and cloud computing, requiring speed and reliability, which Torus technology aims to provide [2] - The investment is aimed at building the world's first distributed utility, connecting small inertial power plants for grid-scale performance [2] - Torus has already deployed its technology over 230 times this year, managing over 1 GW of facility power, indicating its essential role in the energy sector [2] Future Developments - Torus is preparing to open GigaOne, a 540,000-square-foot manufacturing campus in Salt Lake City, with production expected to scale to over 1 GW per quarter within three years [2] - A portion of the recent investment will support the build-out of GigaOne to meet increasing customer demand [2]