Turbo Energy(TURB) Newsfilter·2024-12-16 13:30Core Insights - Turbo Energy, S.A. provided an update on the impact of the flash flooding disaster in Valencia, which occurred on October 29, 2024, resulting in over 200 fatalities and significant damage to infrastructure [1] - The company's headquarters remained undamaged, but its warehousing was affected, leading to a loss of inventory valued at approximately $2.3 million, which is fully covered by insurance [1] - Turbo Energy is optimistic about its growth and geographic expansion in 2025, aiming to maintain its reputation as a leader in solar energy storage technologies [3] Company Overview - Founded in 2013, Turbo Energy specializes in AI-optimized solar energy storage technologies, offering scalable solutions for residential, commercial, and industrial markets [4] - The company's flagship product, SUNBOX, is noted for being one of the first high-performance, competitively priced all-in-one home solar energy storage systems, featuring patented EV charging capabilities [4] - Turbo Energy operates as a subsidiary of Umbrella Global Energy, S.A., a collective focused on solar energy solutions [4]