#United States #Salt Lake City #Energy Infrastructure #Trinity Capital #Torus

Trinity Capital Inc. Allocates $35 Million for Torus Equipment Financing

Trinity Capital Inc., a recognized leader in alternative asset management, has made headlines by committing up to $35 million in equipment financing for Torus, an American energy technology firm. This strategic move is aimed at bolstering the development of modern energy infrastructure in the United States.

Located in Salt Lake City, Torus specializes in designing, engineering, and manufacturing distributed mesh energy systems that not only deliver scalable and reliable power but also significantly contribute to reducing costs and enhancing resilience. The push for innovation is further fueled by increasing demands from electrification and growth driven by artificial intelligence (AI).

The financing package will support Torus’s initiative to expand its manufacturing capabilities at its new GigaOne facility. The GigaOne project is poised to scale production to cater to the rapid demand for energy solutions from utilities, data centers, and various commercial industries.

Ryan Little, Senior Managing Director for Equipment Finance at Trinity Capital, expressed enthusiasm about supporting Torus’s vision. He emphasized the company's commitment to addressing urgent challenges in energy infrastructure and bringing grid-scale performance to areas that require it the most.

Dillon Pierson, Chief Financial Officer of Torus, also shared his thoughts on this partnership, highlighting the necessity of an adaptable energy infrastructure partner who can keep pace with their growing customer base. The assistance from Trinity Capital plays a pivotal role in facilitating the expansion of GigaOne, empowering them to deliver vital energy systems that meet the increasing demands of the market.

Trinity Capital is not just an ordinary financial firm; it has established itself as a trusted partner in the private credit sector. Since its inception in 2008, the company has deployed over $5.5 billion across more than 463 investments, focusing on well-capitalized companies looking for tailored debt solutions. Their expertise spans multiple lending sectors, including Sponsor Finance, Equipment Finance, and Life Sciences, enabling them to cater to a diverse range of growth-oriented firms.

The partnership between Trinity Capital and Torus is a significant step toward creating a robust energy framework essential for future sustainability. As the world shifts toward advanced technologies and renewable energy sources, initiatives like these will be crucial in addressing the ever-increasing energy demands.

About Trinity Capital Inc.
Trinity Capital (Nasdaq: TRIN) operates as an international alternative asset manager with a strong base in the private credit market. The firm aims to provide consistent returns for investors by financing growth-oriented businesses across diverse lending verticals. Headquartered in Phoenix, Arizona, Trinity Capital has a strong presence both in the U.S. and Europe.

About Torus
Torus is an innovative energy technology firm that specializes in distributed mesh energy infrastructure. Their cutting-edge technology integrates components such as AI-powered management, battery storage, and cybersecurity, ensuring reliable and efficient power delivery for utilities, manufacturers, and more. The company has received notable accolades, including the TIME Best Invention of 2024 for Torus Spin, showcasing their commitment to innovation and excellence in the energy sector.

These developments represent a forward-thinking approach toward meeting the energy needs of the modern world while emphasizing cost efficiency and reliability. As both companies continue to evolve, their combined efforts could lead to significant improvements in the U.S. energy landscape.