Trinity Capital provides up to $35M to Torus
Torus to use equipment financing to scale production of energy systems
Trinity Capital has committed up to $35 million in equipment financing to Torus, an energy technology company focused on energy infrastructure.
The financing will support expansion of Torus’ manufacturing capacity, including scaling production at its GigaOne facility in Utah, a manufacturing and assembly facility, according to an April 29 Trinity Capital release.
Torus designs and manufactures distributed energy systems that combine battery and inertial storage, AI-powered management and cybersecurity capabilities. The company’s platform aims to deliver scalable and resilient power solutions for utilities, data centers and commercial and industrial customers.
“Torus is looking to tackle some of the most pressing challenges in our energy infrastructure, bringing grid-scale performance closer to where it’s needed most,” Ryan Little, senior managing director of equipment finance at Trinity Capital, stated in the release.
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