Letter from Nate: 2025 Wrap-Up and Looking Ahead to 2026

Torus is the world’s first mesh energy infrastructure — built to unite people and communities through resilient, secure, and intelligent power." — Nate Walkingshaw, Torus CEO and Co-founder

That mission guided our work throughout 2025 and will be the backbone of what we aspire to do for the next decade.

This year was all about execution and scale. Torus continued installing modular power plants across utility, data center, and commercial and industrial sites, with a focus on reliability, scalability and secure deployments. The team would tell you it didn’t come easy, but we did it!

Torus Pulse battery and Torus Spin flywheel installation at Schaeffer Steel Manufacturing in Lindon, Utah.

By the end of 2025, Torus crossed 2 gigawatt-hours of facility-managed power in operation. Across customer sites, these systems delivered 99.99% uptime and responded to more than 360 unplanned demand response events, supporting grid resilience when it mattered most.

None of this happens without our people and key partners. In 2025, our Made in America footprint expanded, supporting more than 4,000 U.S. families across small businesses and Tier One suppliers. I’m grateful to our production teams, Torus installers, field partners, utility partners, data center partners, and Torus engineering teams who made this scale possible.

On the manufacturing side, we began operating from our 540,000-square-foot GigaOne manufacturing and assembly facility near the Salt Lake City airport. With 60% of our new production equipment installed and already turning test parts, GigaOne is on track for ramped production beginning in February, supporting faster delivery and predictable service for customers.

Torus CEO and Co-founder, Nate Walkingshaw and Rocky Mountain Power President, Dick Garlish sign an MOU for 70 MW of demand response capacity in January 2025. This agreement has expanded to 500 MW.

We also continued expanding our utility partnerships in 2025, including new work with Portland General Electric (PGE), alongside the growth of existing relationships with PacifiCorp and Rocky Mountain Power. These efforts are focused on deploying facility-level infrastructure that supports grid reliability while meeting the operational needs of customers.

In parallel, we executed several large contracts with real estate owners and operators, deploying systems designed to improve reliability, manage demand, and support long-term asset performance across diverse portfolios.

To support this growth, we were fortunate to bring on Bill Comeau as Chief Utility Officer. Bill brings decades of experience working at the intersection of utilities, infrastructure, and regulation, and his leadership is strengthening how we partner, deploy, and operate at scale.

I also want to thank our partners at PacifiCorp, including Dick Garlish, James Owen, Shawn Grant, Nelda Martinez, and many others, for their willingness to grow and double down with us throughout 2025. Long-term partnerships like these are essential to building resilient infrastructure.

Torus Spin flywheel wins prestigious R&D 100 Award.

To support continued deployment, we secured a $200 million investment from Magnetar and made a strategic investment in Ultion to further strengthen our domestic supply chain. Long-term infrastructure requires long-term stability, and we are building for decades.

Our work was recognized with a 2025 R&D 100 Award and finalist recognition at the Platts Global Energy Awards, building on TIME’s Best Inventions recognition for the Torus Spin flywheel in 2024. More importantly, our team grew to more than 160 people, focused on delivering systems that perform in the field.

Our CEO and Co-founder, Nate Walkingshaw, overseeing the installation at Waterford School.

Looking ahead to 2026, our priorities remain clear: serve our customers, continue scaling GigaOne, expand deployments across utilities, data centers, and commercial and industrial sites, and advance new products. We will also continue expanding across Utah and Oregon, with a focus on the Rocky Mountain Power, Pacific Power, and Portland General Electric service territories.

At the core of this work is a complete, integrated system — from the Torus Spin flywheel and Torus Pulse battery to protection, controls, and orchestration — designed to operate together under real-world conditions.

Thank you to the customers, partners, investors, and team members who trusted us in 2025. I’m proud of what we built together and focused on what comes next.

— Nate