Trinity Capital has committed up to $35 million in equipment financing to Torus, a US-based energy technology company building distributed mesh energy infrastructure. The financing will support Torus in expanding manufacturing capacity at its new GigaOne facility. Torus designs and manufactures energy systems integrating battery and inertial-based storage, AI-powered management and cybersecurity for utilities, data centres and industrial facilities. The company's infrastructure aims to deliver scalable power whilst reducing costs and improving resilience amid rising demand from electrification and AI-driven load growth. Trinity Capital, an international alternative asset manager based in Phoenix, Arizona, has deployed over $5.5 billion across more than 463 investments since its 2008 inception. The firm operates across five lending verticals including equipment finance and tech lending.

Trinity Capital Inc. provides $35 million in equipment financing to Torus, helping power american-made energy systems. PHOENIX, April 30, 2026 /PRNewswire/ - Trinity Capital Inc. (Nasdaq: TRIN) (the "Company"), a leading international alternative asset manager, today announced the commitment of 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 designs, engineers, and manufactures distributed mesh energy infrastructure that delivers scalable, secure and reliable power, helping reducing costs, improving resilience, and supporting rising demand driven by electrification and AI-driven load growth. Its full-stack platform integrates battery and inertial-based storage, AI-powered management, cybersecurity, and long-term operations and maintenance across utilities, data centers, manufacturers, and commercial and industrial facilities. "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," said Ryan Little, Senior Managing Director, Equipment Finance at Trinity Capital. "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. 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," said Dillon Pierson, Chief Financial Officer at Torus. About Trinity Capital Inc. Trinity Capital Inc. (Nasdaq: TRIN) is an international alternative asset manager that seeks to deliver consistent returns for investors through access to private credit markets. Trinity Capital sources and structures investments in well-capitalized growth-oriented companies across five distinct lending verticals: Sponsor Finance, Equipment Finance, Tech Lending, Asset Based Lending, and Life Sciences. As a long-term, trusted partner for innovative companies seeking tailored debt solutions, Trinity Capital has deployed more than $5.5 billion across over 463 investments since inception in 2008 (as of December 31, 2025). Headquartered in Phoenix, Arizona, Trinity Capital's dedicated team is strategically located across the United States and Europe. For more information on Trinity Capital, please visit trinitycapital.com and stay connected to the latest activity via LinkedIn. About Torus Torus designs, engineers, and manufactures distributed mesh energy infrastructure that delivers reliable power, reduces costs, improves resilience, and supports surging demand fueled by electrification and AI-driven load growth. Its full-stack technology integrates battery and inertial-based storage, AI-powered management, cybersecurity, and long-term operations and maintenance for utilities, data centers, manufacturers, and commercial and industrial facilities. Headquartered in Salt Lake City, Torus has earned a TIME Best Invention of 2024 award for Torus Spin and a 2025 R&D 100 Award for innovation. Learn more at torus.co. SOURCE Trinity Capital Inc. Media Contacts: Trinity Capital Inc., Donnie Hogan, VP, Marketing Communications, [email protected]; Torus, Media Relations, [email protected]

Rep. Celeste Maloy visits Torus GigaOne facility, highlighting american-made grid infrastructure. Congresswoman Celeste Maloy toured Torus' new 540,000-square-foot GigaOne facility in Salt Lake City, spotlighting the company's rapid manufacturing expansion and its role in delivering American-made, resilient energy storage systems to strengthen the U.S. power grid and supply chains. Salt Lake City, Utah - Feb 3, 2026. Last Friday, Torus, Inc. welcomed Congresswoman Celeste Maloy to its GigaOne manufacturing and assembly facility in Salt Lake City. As Vice Chair of the House Appropriations Committee, Rep. Maloy plays a key role in shaping federal priorities for energy infrastructure and domestic manufacturing. Her visit highlighted the growing national focus on building reliable, American-made power systems - and Torus' role in leading that effort. During her visit, the Congresswoman toured its 540,000-square-foot facility, where she saw the build-out of new production lines for its Torus Spin flywheels and Torus Pulse battery systems. These hybrid inertial-battery energy storage systems work together to deliver fast, resilient power that stabilizes the grid and reduces reliance on foreign supply chains. Rep. Celeste Maloy and Torus CEO and founder, Nate Walkingshaw, touring the new Torus GigaOne facility in Salt Lake City, Utah. Everybody's trying to find a solution, and Torus, Inc. has a solution that's right here in Utah" - Rep. Celeste Maloy GigaOne represents a fifteen-fold expansion from its current 37,000-square-foot manufacturing site in South Salt Lake, marking a major milestone in its ability to meet rising energy demand. Its systems are helping customers across Rep. Maloy's district, supporting major employers in both urban and rural settings. From industrial facilities in Salt Lake City and Cedar City to critical irrigation operations in Delta, it was a privilege to demonstrate how locally manufactured energy infrastructure is meeting real-world needs today. As a Co-Chair of the Bipartisan Wildfire Caucus and Chair of the Congressional Western Caucus, Rep. Maloy also discussed the importance of grid resilience in the face of natural disasters. Torus systems provide a critical layer of protection for communities, allowing power to be maintained during extreme weather events or emergency grid shutoffs. Rep. Maloy noted that solving the peaks in energy demand is the "rainbow everybody's chasing" to prevent seasonal grid instability. Speaking to the urban and rural diversity of her district - from Bountiful to St. George - she emphasized that storage solutions matter in every community. "Everybody's trying to find a solution, and we have a solution that's right here in Utah," she said. Rep. Celeste Maloy at the new Torus manufacturing facility with CMO, Gilbert Lee (L), and Torus CEO and Founder, Nate Walkingshaw. She understands that a strong economy depends on a stable, locally controlled power grid. Torus, Inc. is proud to be building that infrastructure right here in her district. - Nate Walkingshaw, Torus CEO and Co-founder Torus CEO and co-founder Nate Walkingshaw joined Rep. Maloy for a conversation on how American-made energy infrastructure contributes directly to economic stability and national security. They discussed shared priorities around strengthening U.S. supply chains, supporting skilled manufacturing jobs, and making sure the grid can keep pace with rising electricity demand from industry and new digital infrastructure. "Having the Congresswoman here to see the work our 200-person team is doing was a real highlight for us," Nate said. "She understands that a strong economy depends on a stable, locally controlled power grid. We're proud to be building that infrastructure right here in her district." As power demand accelerates nationwide, Torus, Inc. remain focused on building durable, scalable hardware that delivers dependable power where it is needed most. Torus, Inc. look forward to building on this momentum as Torus, Inc. continue scaling production at GigaOne and expanding its partnerships with utilities and industrial leaders across the West.