Torus Secures $200 Million from Magnetar to Accelerate Modular Energy Platform Rollout

Utah-based Torus Inc., a leader in integrated energy platform solutions, has successfully closed a significant investment round, receiving a $200 million capital injection from Magnetar Capital. This substantial financial backing, finalized on September 9, 2025, is earmarked for the rapid deployment of Torus’s proprietary modular power systems across the United States. The infusion of capital underscores the growing confidence in Torus's innovative approach, particularly as the demand for electrical power surges critically, fueled by the explosive growth of artificial intelligence infrastructure and massive data centers.

Since its establishment in 2021, Torus has pioneered a distributed "grid operating system" that functions entirely without the need for fuel combustion or chemical processes. The cornerstone of this technology is an inertial-storage hybrid system. This unique configuration seamlessly integrates mechanical flywheels, branded Nova Spin, with advanced battery storage units, known as Nova Pulse. The Nova Spin flywheel stores energy as rotational kinetic energy, enabling millisecond-level responsiveness crucial for handling sudden load spikes. Conversely, the Nova Pulse battery component manages longer-duration storage requirements. This functional separation is key to mitigating stress on the chemical batteries, thereby significantly extending their operational lifespan.

According to Nate Walkingshaw, co-founder and CEO, the effectiveness of Torus's technology is already well-established, having been deployed more than 230 times throughout 2025 and currently managing over 1 GW of electrical capacity. The funds provided by Magnetar Capital—which managed assets exceeding $22 billion as of June 30, 2025—will be strategically utilized to dramatically scale up manufacturing capabilities. A major portion of the investment is dedicated to expanding the company’s 540,000 square foot GigaOne campus situated in Salt Lake City, Utah.

Torus has set an ambitious manufacturing objective: to achieve a production capacity surpassing 1 gigawatt per quarter within the next three years. This represents a massive leap forward from the current annual capacity of 400 MW. This scaling effort is supported by crucial strategic partnerships with major utility providers. Torus is deepening its collaboration with PacifiCorp, having recently signed a memorandum of understanding (MOU) to deliver up to 500 MW of demand reduction capability. This new commitment significantly builds upon an existing 70 MW agreement that was successfully executed in just six months.

The company’s rapid trajectory is further validated by industry recognition, including the prestigious R&D 100 Award received in 2025, and the inclusion of the Torus Spin technology on TIME’s list of best inventions in 2024. By successfully fulfilling these large-scale utility obligations and earning high-profile accolades, Torus is firmly establishing itself as an essential contributor to building a more resilient, flexible, and sustainable energy architecture for the future.