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Torus signs 26 MWh energy storage agreement with Gardner Group

South Salt Lake, UT — Torus, a leader in sustainable energy storage solutions, today announced a landmark agreement with Gardner Group to provide nearly 26 megawatt hours (MWh) of energy storage capacity in a portion of Gardner Group’s commercial real estate portfolio. This deployment represents one of the largest commercial energy storage projects in the region.

“This deal demonstrates the growing demand for advanced energy storage solutions in the commercial sector. This is a significant step for energy resilience, sustainability and cost savings across the Gardner Group portfolio.”

Under the agreement, Torus will install its innovative Torus Station energy storage and management systems at several Gardner Group properties. Torus stations will integrate advanced battery and flywheel energy storage systems (BESS + FESS) with Torus’ proprietary software platform, enabling intelligent energy management, demand response capabilities and seamless integration with renewable energy sources and vehicle charging infrastructure electrical.

“We are excited to partner with Gardner Group on this innovative project,” said Nate Walkingshaw, CEO and co-founder of Torus. “This deal demonstrates the growing demand for advanced energy storage solutions in the commercial sector. This is a significant step for energy resilience, sustainability and cost savings across the Gardner Group portfolio.”

The project will leverage Torus’ participation in Rocky Mountain Power’s Wattsmart Battery program, which supports grid resiliency by integrating energy storage resources into a Virtual Power Plant (VPP) ecosystem. The Torus VPP platform enables predictive analytics for demand response, energy arbitrage and frequency regulation.

“At Gardner Group, we are committed to adopting innovative solutions that drive sustainability and operational efficiency,” said Christian Gardner, CEO of Gardner Group. “Partnering with Torus allows us to optimize our energy management, reduce our carbon footprint and deliver increased value to our tenants. We look forward to the positive impact this project will have on our properties and the wider community.”

The energy storage systems will be manufactured at Torus’ state-of-the-art facility in South Salt Lake, Utah, which recently celebrated its groundbreaking. This deal reinforces Torus’ commitment to providing locally produced advanced energy solutions that strengthen the resilience and sustainability of communities in the region.

Installation of the Torus stations is anticipated to begin in Q4 2024, with completion expected by Q1 2026. Once fully operational, the systems will have the capacity to store and dispatch nearly 26 MWh of energy, equivalent to powering nearly 1,000 homes for a full day . .

For more information about Torus and its innovative energy storage solutions, please visit www.torus.co.

About Torus:

Torus is a Utah-based energy solutions company focused on making renewable energy storage and management more efficient, affordable and sustainable. Torus offers a wide range of products and services, including virtual power plant integration, advanced energy management systems, unified customer experiences and innovative energy storage technologies such as the Torus Flywheel™. For more information, visit www.torus.co.

About Gardner Group:

The Gardner Group builds better communities through thoughtful and sustainable practices in real estate development and management, renewable energy, investment in innovation and delivering results-oriented philanthropy. For more information, visit www.gardnergroup.com.

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