David Bywater Joins Torus Board of Directors

In an exciting development for Torus, David Bywater has been appointed to the Torus Board of Directors. A visionary leader with an illustrious three-decade career of leading innovative and fast-growing renewable energy companies to the forefront of their industries, Bywater brings unparalleled industry experience and operational expertise, positioning him as an invaluable asset as Torus navigates the challenges and opportunities in energy storage and management.

The innovative spirit and leadership at Torus are truly exceptional, and I am deeply inspired by their commitment to shaping a sustainable future.

"Joining the Torus Board of Directors is not only an honor but a tremendous opportunity to contribute to a company that is redefining the renewable energy landscape,” said Bywater. “The innovative spirit and leadership at Torus are truly exceptional, and I am deeply inspired by their commitment to shaping a sustainable future. I am convinced that together, we possess the right blend of vision, leadership, and innovation to achieve remarkable things."

In June 2021, David assumed the role of Chief Executive Officer at Vivint Smart Home, a publicly traded company recognized for its award-winning smart home solutions serving over two million customers. Under his guidance, Vivint was purchased by NRG in March 2023 for an enterprise value of $5.3 billion, highlighting his ability to significantly enhance company value and market position.

Before his CEO role at Vivint, David served nearly five years as the CEO of Vivint Solar, a leading full-service residential solar integrator. His leadership culminated in the company's sale to Sunrun for $5.4 billion in October 2020, underscoring his expertise in guiding companies through substantial growth phases and successful exits.

At Torus, I see a leadership team equipped with the foresight, dedication, and innovation necessary for groundbreaking achievements in the energy storage sector.

David's journey with Vivint began in an earlier role as Chief Operating Officer at Vivint Smart Home, where he was instrumental in managing the company's rapid expansion. His responsibilities spanned customer operations, human resources, field service, and supply chain, significantly improving operations and profitability during his tenure.

"I have always believed that the caliber of leadership is the cornerstone of a company's success. At Torus, I see a leadership team equipped with the foresight, dedication, and innovation necessary for groundbreaking achievements in the energy storage sector. It's this combination of outstanding products and visionary leadership that positions Torus for unmatched potential success."

Prior to his impactful roles at Vivint, Bywater gained extensive experience at Affiliated Computer Services (ACS), a major BPO and ITO company. Over ten years, he managed several business units encompassing more than 60 companies and later served as an Executive Vice President and Corporate Officer at Xerox, where he was the COO of its $1.8 billion State Government Services Business. This division saw remarkable growth and transformation under his leadership.

David's background in strategic consulting began at Bain & Company, where as a senior manager, he focused on assisting global clients in the technology, transportation, and data information sectors to achieve their full economic and operational potential.

With a Bachelor of Science in Economics from Brigham Young University and an MBA from Harvard Business School, David is deeply involved in his alma maters, serving on the National Advisory Council and the President's Leadership Council at Brigham Young University. Additionally, he lends his expertise to various private equity-backed boards and provides advisory services to several CEOs.