Trinity Capital has committed up to $35 million in equipment financing to Torus, a Salt Lake City-based energy technology company building what it describes as the next generation of energy infrastructure. Torus designs, engineers, and manufactures distributed mesh energy infrastructure that delivers scalable, secure, and reliable power, integrating battery and inertial-based storage, AI-powered management, cybersecurity, and long-term operations and maintenance across utilities, data centers, manufacturers, and commercial and industrial facilities.
The equipment financing will support Torus in expanding its manufacturing capacity and scaling production operations at its new GigaOne manufacturing and assembly facility. Torus has been recognized with a TIME Best Invention of 2024 award and a 2025 R&D 100 Award for innovation.
Trinity Capital focuses on providing tailored debt solutions to well-capitalized, growth-oriented companies through five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset Based Lending, and Life Sciences. The firm has deployed more than $5.5 billion across more than 463 investments since its founding in 2008 and is headquartered in Phoenix, Arizona, with operations across the United States and Europe. Senior Managing Director Ryan Little described Torus as addressing some of the most pressing challenges in U.S. energy infrastructure by bringing grid-scale performance closer to where power is needed, and expressed pride in supporting the GigaOne facility build-out as Torus scales production to meet growing demand.
Torus CEO Dillon Pierson noted that the company’s customers are scaling rapidly and require an energy infrastructure partner capable of matching that pace, describing Trinity Capital’s support as enabling Torus to expand GigaOne and meet the demand from utilities, data centers, and commercial and industrial operators. The GigaOne facility represents Torus’s primary vehicle for scaling production of its full-stack energy infrastructure platform, which includes both the hardware — battery storage and inertial energy components — and the software and services layer needed to manage and maintain distributed energy systems in complex operating environments.
The financing reflects growing institutional interest in companies building the physical infrastructure layer for the energy transition, particularly those with full-stack platforms capable of serving the data center and industrial markets that are driving a significant share of new electricity demand in the United States.
KEY QUOTES:
“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. We’re proud to help support their GigaOne build out as they look to scale production to meet growing demand.”
Ryan Little, Senior Managing Director Equipment Finance, Trinity Capital
“Our customers are scaling fast and they need an energy infrastructure partner who can scale with them. Trinity Capital’s support allows us to continue to expand GigaOne and meet the demand to deliver American-made energy systems to the utilities, data centers, and commercial and industrial operators counting on us.”
Dillon Pierson, Chief Financial Officer, Torus
