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Turbo Energy, Taurus and Stellar Join Forces to Tap Into US$74.43 Billion EaaS Market Through Tokenization of Hybrid Renewable Energy Projects
Globenewswire· 2025-11-11 13:00
Core Insights - Turbo Energy S.A. has launched a project to tokenize financing for hybrid renewable energy installations in collaboration with Taurus S.A. and the Stellar Development Foundation, starting with a proof of concept at a supermarket in Spain [1][2][8] Industry Overview - The global Energy-as-a-Service (EaaS) market was valued at US$74.43 billion in 2024 and is projected to reach US$145.18 billion by 2030, representing a compound annual growth rate (CAGR) of 12.3% [2] Company Initiatives - The project will tokenize debt financing for on-site battery-integrated Power Purchase Agreements (PPAs), utilizing Turbo Energy's SUNBOX solar energy storage systems to deliver renewable power directly to the site [3][8] - Turbo Energy aims to expand its EaaS model through a dedicated subsidiary that facilitates financing for solar and battery projects to commercial and industrial customers [3][8] Technology and Partnerships - Taurus has been selected as a partner to drive the renewable energy tokenization initiative, utilizing its Taurus-CAPITAL platform for efficient and secure token issuance and management on the Stellar blockchain [4][5] - The Stellar network supports fractionalized, on-chain financing models, reducing barriers to investment in sustainable energy infrastructure [5][6] Investment Model - The project leverages smart contract technology and tokenization to enable fractional ownership of clean energy assets, democratizing investment in sustainability initiatives [6][8] - By tokenizing project financing, Turbo Energy opens opportunities for incremental revenue from its PPA On-Site model, while establishing a replicable framework for future renewable energy projects [8] Future Outlook - The initiative is seen as a concrete application of blockchain in energy financing, combining solar storage infrastructure with blockchain technology to create new revenue streams and wider access to sustainable investments [8][9]
Turbo Energy Achieves 51% Improvement in Net Results for First Half 2025 Financial Performance
Globenewswire· 2025-11-05 13:00
Core Insights - Turbo Energy S.A. reported a 51.2% improvement in net results for the first half of 2025, alongside a new $53 million industrial contract, indicating strong financial performance and commercial momentum [1][6][7] Financial Performance - The net loss decreased to €1.40 million, or €0.03 per ordinary share, from a net loss of €2.86 million, or €0.05 per ordinary share, reflecting progress toward profitability [6] - Total revenue increased to €5.51 million, up from €4.95 million, driven by the growing market adoption of SUNBOX smart energy storage systems [6] Operational Highlights - The company secured two milestone contracts in September 2025, including a significant agreement to supply energy storage solutions for Uber's electric vehicle fleet in Spain [7] - Turbo Energy launched SUNBOX Home Lite and SUNBOX Industry Max, expanding its product portfolio to cater to residential and industrial energy storage needs [4][5] Geographic and Market Expansion - The company is executing a global expansion strategy, establishing Turbo Energy Solutions to launch a Battery-as-a-Service model in Latin America [8] - Turbo Energy has secured certifications for its products, positioning itself to enter the U.S. residential solar storage market [8] Innovation and Technology Development - The company received a patent for its proprietary system that integrates energy storage with photovoltaic generation, enhancing energy efficiency and grid flexibility [10] Leadership and Governance - In October 2025, Turbo Energy appointed Lucia Tamarit as Chief Financial Officer and welcomed Julian Groves to its Board of Directors, enhancing its leadership team [11] Future Outlook - The company is focused on driving profitable growth, scaling its global presence, and leading the transition toward intelligent, sustainable electrification [13]
Turbo Energy Announces Appointment of Lucia Tamarit as Company's New Chief Financial Officer
Globenewswire· 2025-10-27 13:15
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]
Turbo Energy Expands its C&I Energy Storage Portfolio with the Launch of Sunbox Industry Max
Globenewswire· 2025-10-08 13:00
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]
Significant Movements Among Top Market Gainers
Financial Modeling Prep· 2025-09-16 22:00
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]
This Penny Stock Soared 631% Today: Should You Buy or Sell This Breakout Rally?
Yahoo Finance· 2025-09-16 15:07
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]
This Energy Company Just Scored A $53 Million Contract And The Stock Is On Fire
Yahoo Finance· 2025-09-16 14:38
Core Insights - Turbo Energy S.A. has secured a $53 million contract for energy storage projects in Spain, with a total capacity of 366 MWh to be delivered over the next two years [1] - The project involves over 10 sites and aims to enhance operational efficiency and reduce power costs through AI-based management [1][2] - The SUNBOX Industry system, launched in 2024, will be utilized in the project, offering flexible storage solutions for industrial users [3] Company Developments - CEO Mariano Soria emphasized that the contract validates Turbo Energy's storage technology and highlights the potential for significant operational cost savings [2] - The project aligns with customer sustainability goals and contributes to Europe's decarbonization efforts, reinforcing Turbo Energy's commitment to clean power [4] - Turbo Energy has also signed a deal with Uber Technologies to power its EV fleet in Spain, showcasing a scalable model for fleet electrification [5] Market Reaction - Following the announcement, Turbo Energy's stock price surged by 535.19%, reaching $17.15 [6]
Turbo Energy Secures $53 Million Contract to Deploy 366 Mwh of Solar Storage Capacity Across 10 Factories
Globenewswire· 2025-09-16 12:00
Core Insights - Turbo Energy S.A. has been selected to implement energy storage projects in Spain with a total capacity of 366 MWh, valued at approximately $53 million, to be executed over the next two years [1][2]. Project Details - The initiative will be developed for a major industrial group in the construction industry, involving turnkey integration of systems and an AI-driven energy management platform across more than ten industrial facilities [2][3]. - The SUNBOX Industry solar battery storage solution, introduced in 2024, is designed for commercial and industrial facilities, offering scalability from 30 kW to 2,000 kW in power and 30 kWh to 4,000 kWh in storage capacity [3][4]. Strategic Positioning - This project reinforces Turbo Energy's position as a trusted partner in delivering cost-efficient energy solutions and highlights its ability to integrate advanced solar storage with AI technology [3][4]. - The deployment of SUNBOX Industry is aimed at helping industrial and utility-scale customers accelerate their decarbonization pathways and enhance competitiveness in the evolving energy landscape [4]. Company Overview - Founded in 2013, Turbo Energy is recognized for its proprietary solar energy storage technologies and solutions, which are managed through AI, enabling users to reduce dependence on traditional energy sources [5]. - Turbo Energy's flagship product, SUNBOX, represents a high-performance, competitively priced solar energy storage system that includes patented EV charging capability and AI processes for optimizing solar energy management [5].
Turbo Energy Delivers Advanced Solar Energy Storage Solution to Power Uber’s Electric Fleet in Spain
Globenewswire· 2025-09-10 12:00
Core Insights - Turbo Energy S.A. has signed a significant agreement to power Uber's electric vehicle fleet in Spain, utilizing its AI-optimized solar energy storage technologies [1][4] - The project features Turbo Energy's SUNBOX Industry system, which addresses grid constraints and enables large-scale charging for electric vehicle fleets [2][3] Company Overview - Turbo Energy, founded in 2013, specializes in solar energy storage technologies and solutions, leveraging artificial intelligence to optimize energy management [6] - The company offers scalable, modular energy storage systems aimed at reducing dependence on traditional energy sources and lowering electricity costs [6] Project Details - The project includes the installation of SUNBOX Industry systems to create a 1 MW / 2 MWh smart storage hub, capable of charging over 300 vehicles despite limited grid supply [3] - The SUNBOX Industry 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]
Turbo Energy Delivers Advanced Solar Energy Storage Solution to Power Uber's Electric Fleet in Spain
Globenewswire· 2025-09-10 12:00
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]