Particle.news

Download on the App Store

Torus Lands $200 Million From Magnetar, Expands PacifiCorp Deal to 500 MW Target

The flywheel–battery company plans a GigaOne build-out in Salt Lake City to scale output.

Overview

  • The investment is intended to speed deployment of Torus’s modular power plants for utilities, data centers, and industrial customers across the United States.
  • Torus’s systems pair mechanical flywheels with batteries and control software, responding to grid signals within milliseconds with enterprise-grade security.
  • Torus signed a memorandum of understanding with PacifiCorp targeting up to 500 megawatts of demand response capacity, building on a prior 70 MW agreement.
  • The company says it has completed more than 230 deployments this year with over 1 gigawatt of facility managed power.
  • Funding supports the GigaOne manufacturing campus in Salt Lake City, a 540,000‑square‑foot facility the company projects will exceed one gigawatt of quarterly output within three years.