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Area Development - Site Selection, Facility Planning and Workforce Development

Torus Establishes South Salt Lake City, Utah, Manufacturing Operations

09/18/2024
Torus, an energy solutions company that designs, engineers, and manufactures energy storage and management products, established operations in South Salt Lake City, Utah. The $10 million project is expected to create 172 jobs over the next ten years.

“Utah has a very talented workforce and we’re excited to continue creating high-value jobs for the local community,” said Nate Walkingshaw, Torus co-founder and CEO. “The state’s supportive business climate and commitment to innovation, sustainability, and economic growth aligns perfectly with Torus’ mission and make Utah an ideal location for expanding our operations.”

To support the project the Utah Governor’s Office of Economic Opportunity awarded the company a post-performance tax reduction. The corporate incentive is part of the state’s Economic Development Tax Increment Financing program.

“Utah’s investment in manufacturing and infrastructure is strengthening its position as a national leader in economic development and industrial innovation,” noted Ryan Starks, executive director of the Governor’s Office of Economic Opportunity. “Torus is paving the way for industrial advancement with innovative solutions that will boost Utah’s economic footprint, and build a sustainable foundation for future growth.”

Torus is a renewable energy storage and management startup. The company’s mission is to enable communities and individuals to become their own renewable energy provider.

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