Poised for Dynamic Growth Fueled by New $53 Million Industrial ContractVALENCIA, Spain, Nov. 05, 2025 (GLOBE NEWSWIRE) -- Turbo Energy S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced its unaudited financial results for the six months ended June 30, 2025, highlighting a 51.2% improvement in net results. When coupled with the recently announced new $53 million industrial scale contract, thes ...

Core Insights - Turbo Energy S.A. has appointed Lucia Tamarit as the new Chief Financial Officer, effective immediately, succeeding Alejandro Morangues who has left the company for new opportunities [1][5] Company Overview - Turbo Energy is a global provider of AI-optimized solar energy storage technologies, founded in 2013, and is recognized for its innovative solutions that help reduce dependence on traditional energy sources [5] - The company offers scalable, modular energy storage systems aimed at residential, commercial, and industrial users across Europe, North America, and South America [5] - Turbo Energy's flagship product, the SUNBOX, is one of the first high-performance, competitively priced all-in-one home solar energy storage systems, featuring patented EV charging capability and AI processes for solar energy management [5] New CFO Profile - Lucia Tamarit brings over a decade of international finance, audit, and operations experience, having held leadership roles in multinational environments and private-equity reporting structures [2][3] - Prior to joining Turbo Energy, Tamarit served as Financial Manager at CSP Spain, overseeing financial management and accounting across subsidiaries, and has experience in external audits and international accounting standards from her time at Ernst & Young [3][4] - Tamarit holds a Licentiate in Business Administration and Management and has completed executive training programs, enhancing her qualifications for the CFO role [4] Leadership Statement - CEO Mariano Soria expressed confidence in Tamarit's strategic finance leadership, highlighting her experience in building finance teams and implementing ERP systems as crucial for the company's growth [3]

Core Insights - Turbo Energy S.A. has launched SUNBOX Industry Max, a 5 MWh energy storage system tailored for electro-intensive industries, along with a customized AI-driven software service for optimizing industrial energy operations [1][2][3] Product Overview - SUNBOX Industry Max features a modular and configurable design that supports various deployment architectures, allowing customization based on specific energy profiles [2] - The system integrates with Turbo Energy's AI-driven software for intelligent forecasting, dynamic load balancing, and predictive asset management across distributed facilities [2] Strategic Importance - The launch is a significant step in Turbo Energy's strategy to expand its presence in the global commercial and industrial market, which is rapidly growing within the renewable energy sector [3][8] - The product is part of a $53 million contract for ten large-scale industrial facilities, showcasing the company's execution capacity and ability to deliver integrated energy systems at scale [4] Market Positioning - Turbo Energy aims to address the challenges faced by energy-intensive industries by providing flexible and intelligent systems capable of managing multi-megawatt power flows [5] - The introduction of SUNBOX Industry Max positions Turbo Energy to capitalize on the increasing global demand for AI-enhanced commercial and industrial storage solutions [4][5] Company Background - Founded in 2013, Turbo Energy is recognized for its innovative solar energy storage technologies and solutions, focusing on reducing dependence on traditional energy sources and promoting sustainability [6]

Company Highlights - Next Technology Holding Inc. (NASDAQ:NXTT) experienced a price surge to $23.49, marking an increase of over 16,216%, driven by its innovative technical services in the social e-commerce platform space within Mainland China [1][5] - iCoreConnect Inc. (NASDAQ:ICCT) saw its price rise to $0.072, reflecting a 500% increase due to its robust healthcare technology solutions, including HIPAA-compliant electronic prescription software [2][5] - Turbo Energy, S.A. (NASDAQ:TURB) recorded a price increase to $12.95, a 379% rise, showcasing its expertise in renewable energy solutions, including lithium-ion batteries and AI-based software for energy management [3][5] Market Trends - The significant price movements among these companies reflect broader market trends emphasizing the growing importance of technology and sustainability across various sectors [4] - Investors are increasingly attracted to companies demonstrating innovation, strategic market positioning, and high growth potential, as evidenced by the substantial price increases of these top gainers [4]

Core Insights - Turbo Energy (TURB) has secured a transformative $53 million energy storage contract in Spain, leading to a 631% intraday surge in its stock price to $19.74 from $2.70 [1][2] - The contract involves implementing 366 MWh of storage capacity for a major construction group, representing approximately 5.6 times the company's current annual revenue of $9.42 million [2] Company Overview - Turbo Energy's SUNBOX Industry solution, a patent-pending technology launched in 2024, offers scalable storage capacity from 30 kWh to 4,000 kWh and is integrated with an AI-driven energy management platform [3] - The substantial contract validates Turbo Energy's competitive position in industrial-scale solar storage solutions and indicates growing market acceptance of AI-optimized energy management systems [4] Market Trends - The timing of the deal aligns with increasing demand for advanced energy storage solutions in the industrial sector, particularly as decarbonization efforts accelerate [4] - Turbo Energy's expanding geographical presence across Europe, North America, and South America highlights its growing influence in the renewable energy storage market [6] Financial Performance - Despite current profitability challenges, including a negative EPS of -$0.35 and a profit margin of -35.44%, Turbo Energy has shown impressive market performance with year-to-date returns of 25% prior to the recent breakout [5]

Turbo Energy S.A. (NASDAQ:TURB) stock skyrocketed Tuesday after the company announced it won a $53 million contract to deliver energy storage projects in Spain with a total capacity of 366 MWh over the next two years. The deal involves more than 10 sites operated by a major construction industry client. Turbo Energy will integrate its systems fully and use its AI-based management platform to help the facilities cut power costs, improve efficiency, and expand electrification. Mariano Soria, CEO of Turbo Ene ...

VALENCIA, Spain, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Turbo Energy S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced that it has been selected to supply and implement energy storage projects in Spain with a total capacity of 366 MWh. The projects, valued at approximately $53 million, are scheduled to be executed over the next two years. This large-scale initiative will be developed for a major ...

VALENCIA, Spain, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Turbo Energy S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, today announced the signing of a flagship agreement providing for Turbo Energy to power Uber’s electric vehicle (“EV”) fleet in Spain. At the heart of the project is Turbo Energy’s proprietary, patent-pending SUNBOX Industry system, an innovative energy storage solution. SUNBOX Industry not onl ...

Core Insights - Turbo Energy S.A. has signed a significant agreement to power Uber's electric vehicle fleet in Spain, showcasing its advanced solar energy storage technologies [1][4] - The project utilizes Turbo Energy's SUNBOX Industry system, which is designed to facilitate large-scale charging and address grid constraints for electric mobility [2][3] Company Overview - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage solutions, aiming to reduce dependence on traditional energy sources and lower electricity costs [6] - The company is a subsidiary of Umbrella Global Energy, S.A., which focuses on solar energy solutions globally [6] Project Details - The project involves the installation of SUNBOX Industry systems to create a 1 MW / 2 MWh smart storage hub, enabling the charging of over 300 vehicles despite limited grid supply [3] - The system adds 1,000 kW of flexible storage capacity, increasing total available power to 1.6 MW, ensuring uninterrupted charging operations [3] Strategic Partnerships - Turbo Energy collaborated with INSOLEN, a Spanish engineering firm, to deliver integrated energy solutions for the Uber project, focusing on energy efficiency and sustainable operations [5]

Core Viewpoint - Turbo Energy, S.A. held its 2025 Annual General Meeting of Shareholders, where several key resolutions were approved, including board elections, accounting firm appointments, and capital increase authorizations [1][2]. Group 1: Resolutions Approved - Eight individuals were elected to the Board of Directors, serving until the next annual meeting or until their successors are elected [1]. - The appointment of TAAD, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified [1]. - Grant Thornton, SLP Sociedad Unipersonal was also ratified as the Spanish public accounting firm for the same fiscal year [1]. - The individual annual accounts and management report were assessed and approved as required under Spanish law [1]. - The proposed results allocation of the individual annual accounts was examined and approved [1]. - The management of the Company by the Board for the fiscal year ended December 31, 2024, was approved [1]. Group 2: Capital Increase and Bond Issuance - The Board was delegated the power to carry out capital increases up to half of the share capital, with the possibility of excluding subscription rights, not exceeding twenty percent of the Company's share capital [1]. - The Board was authorized to issue bonds or convertible instruments for a maximum amount of 60 million Euros, with conditions set by the Board and the possibility of excluding pre-emptive subscription rights [1][2]. Group 3: Company Overview - Turbo Energy, founded in 2013, is a pioneer in solar energy storage technologies, utilizing Artificial Intelligence to manage energy solutions [3]. - The Company offers scalable, modular energy storage systems aimed at reducing dependence on traditional energy sources and lowering electricity costs [3]. - Turbo Energy's flagship product, the SUNBOX, is recognized as one of the first high-performance, competitively priced home solar energy storage systems, featuring patented EV charging capability [3].