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Torus Inc. Partners with Utah for Job Creation and Economic Boost

Sep 12, 2024•almost 2 years ago

Contract Type

partnership

Salt LakeEnergyRenewable Energyoil & energy

Description

Torus Inc., a leader in energy storage and energy management, has been approved for a $1.94 million post-performance tax credit from the Utah Governor's Office of Economic Opportunity. The company plans to add 172 new, high-paying jobs and invest $10 million in Utah over the next 10 years, contributing to industrial innovation and economic development.

Company Information

Company

Torus

Location

Salt Lake, Utah, United States

About

Torus is building America’s next generation of power infrastructure. Its hybrid inertial-battery systems provide the same stabilizing services as conventional power plants — without combustion or chemicals. Torus technology helps utilities, data centers, and industrial and commercial customers strengthen the grid, integrate renewables, and meet rising energy demand. 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.

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