Trinity Capital, an international alternative asset manager, committed up to $35 million in equipment financing to Torus, a U.S.-based energy technology company seeking to build the next generation of energy infrastructure.
“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, equipment finance at Trinity Capital, said. “We’re proud to help support their GigaOne build out as they look to scale production to meet growing demand.”
The equipment financing will help to support Torus in expanding its manufacturing capacity and scaling production operations at its new GigaOne manufacturing and assembly facility.
“Our customers are scaling fast and they need an energy infrastructure partner who can scale with them,” Dillon Pierson, chief financial officer at Torus, said. “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.”
