Source: Torus $200M Magnetar Investment
source confidence: Medium status: Useful updated 2026-06-18
Summary
Torus's September 9, 2025 announcement that it raised $200 million from Magnetar to accelerate deployment of its modular hybrid flywheel-plus-battery power plants and to scale its GigaOne manufacturing campus in Salt Lake City.
Useful Claims
- Torus was founded in 2021 and grew from an initial prototype in Springville, Utah into a 40,000-square-foot facility producing more than 400 MW annually.
- The company is building GigaOne, a 540,000-square-foot manufacturing campus in Salt Lake City, with stated intent to scale to more than one gigawatt per quarter within three years.
- Torus describes its product as small, inertia-based hybrid systems combining mechanical flywheels with batteries, responding to grid signals in milliseconds and linkable into a distributed "grid operating system."
- Company materials cite a TIME Best Invention of 2024 award (Torus Spin) and a 2025 R&D 100 Award.
Verbatim
"Torus Inc., a full-stack energy platform offering storage, management, security, and generation solutions, today announced a $200 million investment by Magnetar, a leading alternative asset manager." — Announcement opening
"Torus builds small, inertia-based hybrid energy systems that combine the power of mechanical flywheels with the duration of batteries, equipped with enterprise-grade security and software management." — “A New Kind of Power Plant”
"Founded in 2021, Torus quickly grew from an initial prototype in Springville, Utah, into a 40,000-square-foot facility producing more than 400 MW annually." — Company growth
"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 one gigawatt per quarter within three years." — Company growth
"TIME magazine named the Torus Spin one of the Best Inventions of 2024, and the company won a 2025 R&D 100 Award for innovation." — Announcement closing
Reliability Notes
This is a company press release plus trade aggregation. Treat funding amount, investor identity, facility square footage, and stated production targets as company claims, not independently audited figures. Production-scale targets ("1 GW per quarter") are forward-looking aspirations, not delivered capacity. The company's 2021 founding date is self-reported and has not been independently corroborated.