Turbo Energy(TURB) GlobeNewswire·2025-03-19 12:30Core Insights - Turbo Energy, S.A. has launched a new Energy-as-a-Service (EaaS) financing model aimed at reducing the initial investment burden for customers adopting sustainable energy technologies in Chile [1][4] - The company has successfully completed the first installation of its SUNBOX Industry system at the Alto Labranza Shopping Center in Temuco, Chile, which remained operational during a nationwide blackout shortly after activation [6][7] Company Expansion - Turbo Energy Solutions, a wholly owned subsidiary of Turbo Energy, has been established to provide integrated solar energy solutions for commercial and industrial customers in Chile [1][3] - The collaboration with the Molina Brothers' Smart Dock group marks Turbo Energy's entry into the Latin American market, focusing on renewable energy and innovative business models [5][7] Technological Implementation - The SUNBOX Industry system installed at Alto Labranza features a hybrid solar generation and active storage system with a capacity of 102.4 kWh, expected to generate over 147 MWh of clean energy annually [5][6] - The EaaS financing program allows customers to utilize advanced solar energy systems without large upfront costs, creating a recurring revenue stream for Turbo Energy [4][3] Market Impact - The successful operation of the Alto Labranza system during a blackout demonstrates the reliability and efficiency of renewable energy solutions in commercial settings [6][7] - The introduction of the EaaS model is anticipated to drive significant growth for Turbo Energy as acceptance of the SUNBOX Industry system increases in the region [4]