Modular Power Plants
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Magnetar Investment Supports Torus' Deployment of Modular Power Plants
Yahoo Finance· 2025-09-10 20:10
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]
Torus secures $200m from Magnetar to boost modular power plant deployments
Yahoo Finance· 2025-09-10 15:35
Core Insights - Torus has secured a $200 million investment from Magnetar to accelerate the deployment of its modular power plants designed for utilities, data centers, and commercial clients across the US [1] - The modular power plants are small, inertia-based hybrid energy systems that combine mechanical flywheels with battery storage, offering enterprise-grade security and advanced software management [2] - The technology has been deployed over 230 times this year, managing over 1GW of facility power, indicating its essential role in the energy landscape [4] Company Overview - Torus aims to create a distributed grid operating system that enhances power reliability, scalability, and security for utilities and businesses [3] - The company’s technology is particularly suited for the growing electricity demands of data centers driven by AI and cloud computing [4] - Torus boasts a 99.9% uptime and millisecond response times, positioning itself as a critical player in maintaining essential online facilities [5] Market Context - The demand for Torus' technology is surging due to the electrification trends and the increasing energy needs from AI applications [6] - The collaboration with PacifiCorp aims to provide up to 500MW of demand response capacity, further expanding Torus' market reach [6] - Magnetar's investment reflects confidence in Torus' distributed utility platform, which is seen as a compelling solution in the current energy market [5]