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]

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].

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]

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].

Core Insights - Turbo Energy S.A. has been granted a new patent for an innovative system that integrates energy storage and expands photovoltaic generation in upstream installations, enhancing energy efficiency and flexibility in self-consumption solar power systems [1][2][4] Patent Details - The patent (iP202430282) allows for the addition of energy storage and/or new photovoltaic panels to existing installations without complex retrofitting, optimizing energy usage and reducing reliance on the external power grid [2][3] - The patented solution introduces a "compensation value" concept that maintains a minimum grid consumption level, maximizing surplus energy capture and storage during peak production hours [3] Company Vision and Products - The CEO of Turbo Energy stated that this patent represents a significant advancement in distributed energy innovation, enabling users to control their energy production and storage capabilities [4] - The patented technology is incorporated into Turbo Energy's next-generation energy management solutions, including SUNBOX Home, SUNBOX Industry, and SUNBOX Utility for various applications [4][5] Company Background - Founded in 2013, Turbo Energy is recognized for its proprietary solar energy storage technologies managed through AI, aiming to reduce dependence on traditional energy sources and lower electricity costs [5] - Turbo Energy's flagship product, 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 optimizing solar energy management [5]

Core Insights - Turbo Energy S.A. is showcasing its AI-optimized solar energy storage solutions at Intersolar Europe 2025, a leading exhibition for the solar industry, which attracts over 110,000 participants annually [1][2] Company Overview - Founded in 2013, Turbo Energy is recognized for its proprietary solar energy storage technologies, utilizing AI to enhance energy management [5] - The company's flagship product, SUNBOX, is one of the first high-performance, competitively priced all-in-one home solar energy storage systems, featuring patented EV charging capability [5] Event Participation - Turbo Energy will be present at Booth B1.430 in Hall B1 during Intersolar Europe 2025, where senior executives and technical representatives will discuss the impact of AI-enabled SUNBOX solutions on energy storage and management [2][4]

Core Insights - Turbo Energy S.A. has partnered with Saesa to expand smart battery systems in Chile, marking a significant step in its Latin American expansion [1][2] - The first joint project involves a smart battery energy storage system at Bayas del Sur, enhancing energy optimization and reducing fuel dependence [2][3] - The project features lithium batteries with 200 kW power and 880 kWh storage capacity, designed to support operations during peak demand and grid outages [3] Company Overview - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies, aiming to reduce dependence on traditional energy sources [5] - The company has launched Turbo Energy Solutions, focusing on photovoltaic generation, energy storage, and smart energy management in Latin America [4] - Turbo Energy's flagship product, the SUNBOX, is a high-performance solar energy storage system with EV charging capability [5]

Financial Performance - The company reported a net loss of €3,337,000 (approximately US$3,454,130) for the year ended December 31, 2024, compared to a net loss of €2,013,788 for 2023[43]. - Turbo Energy's total revenues for the year ended December 31, 2024, declined by 27% to €9,638,012 (approximately US$9,976,306) from €13,140,771 in 2023[166]. - Revenue from the top 10 customers accounted for approximately €4,391,090 (approximately $4,242,189) or 44.9% of total revenue for the fiscal year ended December 31, 2024, up from 35.9% in 2023[44]. - The company has a history of losses and may not achieve or sustain profitability in the future[43]. Research and Development - Research and development expenses for the fiscal year ended December 31, 2024, were €361,333 (approximately US$374,016), with similar expenses of €361,420 in 2023, indicating a focus on developing new solar energy storage and management products[31]. - The company expects to incur significant research and development costs, which could reduce profitability and may not result in revenue[31]. - The implementation and use of AI and machine learning technologies are critical for the company, with significant investments being made to enhance the Turbo Energy App[80]. - The continuous development and maintenance of AI technologies are complex and expensive, with potential unforeseen difficulties impacting performance[84]. Market Conditions and Competition - The energy storage market is highly competitive, with established and new companies entering, potentially leading to lower sales and market share[33]. - Future growth is contingent on the adoption of solar energy solutions, which may be impacted by regulatory changes and market conditions[35]. - The company faces significant competition in AI and machine learning, which could adversely affect its operating results and growth if it cannot keep pace with competitors[85]. - The global solar energy market was valued at $253.69 billion in 2023 and is projected to reach $273 billion in 2024, with a CAGR of 6% expected until 2032[167]. Operational Risks - Supply chain disruptions and increased costs of raw materials could adversely affect production and product delivery[26]. - The company is dependent on a few customers for a significant portion of net revenues, which poses a risk to financial stability[25]. - The company is dependent on a limited number of suppliers for critical components, including batteries, inverters, and photovoltaic modules, which poses a risk to its operations[51]. - The company faces risks related to product quality, which could lead to negative publicity, litigation, and decreased revenues[25]. Cybersecurity and Compliance - The company is exposed to risks from cybersecurity threats that could affect its energy monitoring and management systems[28]. - Umbrella Global has identified cybersecurity as a key risk area and has assigned oversight to the IT manager, collaborating with local vendors[88]. - A material network breach could lead to significant reputational damage and potential claims against the company, affecting business operations[90]. - The company is exposed to risks related to environmental regulations and potential compliance costs associated with lithium-ion battery manufacturing and disposal[61]. Strategic Expansion - The company plans to expand into new markets, which could introduce additional business and competitive risks[26]. - The company plans to enter the U.S. market in 2025, but tariffs on lithium-ion batteries imported from China may increase costs and affect gross margins[58]. - Turbo Energy acquired 100% of IM2 Energía Solar Proyecto 35 S.L.U. for a total consideration of €2,250, which has since become a wholly-owned subsidiary[156]. - A new wholly-owned subsidiary, Turbo Energy USA, LLC, was formed to expand business into the United States, with incorporation effective January 1, 2025[158]. Product Development and Innovation - The SUNBOX Home system offers scalable capacity of up to 40 kW in backup battery power, managed through the Turbo Energy App[184]. - The SUNBOX Industry system, introduced in 2024, can scale from 30 kW to 2000 kW in power and 30 kWh to 4000 kWh in storage capacity[187]. - The Turbo Energy App, which optimizes energy management, is expected to generate recurring SaaS revenues starting in 2025[207]. - The company has developed a proprietary inverter to enhance its value proposition in energy storage solutions[217]. Governance and Shareholder Matters - Mr. Enrique Selva Bellvis owns approximately 71.22% of the outstanding ordinary shares, giving him significant control over shareholder decisions[122]. - The company qualifies as a "controlled company" under Nasdaq rules, allowing it to opt out of certain corporate governance requirements, which may affect shareholder protections[123]. - The company is classified as an "emerging growth company" under the JOBS Act, permitting it to rely on exemptions from certain disclosure requirements, potentially resulting in less information for shareholders[124]. - Future issuances of ADSs or ordinary shares could lead to a decline in market price and dilution of existing holdings[128].

Core Insights - Turbo Energy, S.A. has received UL 5500 and 9540 certifications for its SUNBOX Home solar energy storage system, marking a significant milestone in its U.S. market entry [1][3] - The UL certification is essential for permitting and insurance, confirming that Turbo Energy's products meet stringent safety and regulatory standards [3][5] - The company plans to launch SUNBOX Home in five U.S. states, with initial installations scheduled in California, Florida, Georgia, Louisiana, and Texas [3][4] Company Overview - Turbo Energy, founded in 2013, specializes in AI-optimized solar energy storage technologies and solutions, aiming to reduce reliance on traditional energy sources [6] - The SUNBOX Home system features a modular energy storage capacity of up to 20.48 kWh and is supported by a cloud-based SaaS solution for optimized energy management [4][6] - Turbo Energy is a subsidiary of Umbrella Global Energy, S.A., a collective focused on solar energy solutions [6]