Torus, a full-stack energy platform offering storage, management, security and generation solutions, has received a $200 million investment from Magnetar, an alternative asset manager. The investment will accelerate the deployment of Torus’s proprietary modular power plants for utilities, data centers, and commercial and industrial customers across the United States.
Founded in 2021, Torus grew from an initial prototype in Springville, Utah, into a 40,000-square-foot facility producing more than 400 megawatts annually. The company is now preparing to open GigaOne, a 540,000-square-foot manufacturing campus in Salt Lake City, where production is expected to scale to more than 1 gigawatt per quarter within three years. A small portion of the investment will be used to support the buildout of GigaOne as Torus ramps up production to meet customer demand.
“With this investment, we’re building the world’s first distributed utility, connecting small inertial power pla
