Turbo Energy S.A. (NASDAQ: TURB) has announced a collaboration with Taurus S.A. and the Stellar Development Foundation to pilot tokenized financing for hybrid renewable energy installations. The initiative will commence with a proof-of-concept project at a supermarket in Spain. The project aims to tokenize debt financing for on-site, battery-integrated Power Purchase Agreements (PPAs) utilizing Turbo Energy's SUNBOX solar energy storage systems.
The pilot deployment is designed to showcase a decentralized financing model for commercial and industrial customers. Taurus will provide its institutional-grade tokenization platform, Taurus-CAPITAL, with the issuance and management executed on the Stellar blockchain. The Stellar Development Foundation will support the initiative through its network infrastructure for tokenization and cross-border payments.
Mariano Soria, CEO of Turbo Energy, stated that this initiative is a concrete application of blockchain in energy financing. He added that the company is combining real-world solar storage infrastructure with blockchain technology to create a pathway for new revenue streams and wider access to sustainable investments.
The tokenization approach enables fractional ownership of clean energy assets through smart contract technology. The pilot project is intentionally limited in scale to validate operational and financial outcomes before broader deployment. By tokenizing project financing, Turbo Energy aims to create opportunities for incremental revenue from its PPA On-Site model, while also demonstrating a replicable framework for future renewable energy projects.
The collaboration seeks to test the efficacy of tokenized financing in enhancing liquidity and capital access for renewable energy funding. The Energy-as-a-Service (EaaS) model, which allows customers to pay for energy use without owning the equipment, is central to this project. It provides businesses access to clean energy through subscription-style contracts, with providers managing installation, maintenance, and operation.
Turbo Energy has selected Taurus to drive the tokenization initiative, utilizing its Taurus-CAPITAL platform, with issuance and management performed on the Stellar blockchain. The Stellar network underpins this initiative by enabling fractionalized, on-chain financing models that reduce barriers to investment in sustainable energy infrastructure.
According to Grand View Research data cited in the announcement, the global Energy-as-a-Service market was valued at $74.43 billion in 2024 and is projected to reach $145.18 billion by 2030, representing a 12.3% compound annual growth rate (CAGR).
Turbo Energy has previously supported hybrid solar and storage pilots in Chile, including projects with Saesa focused on battery energy storage system integration in the agri-food sector and the Alto Labranza shopping center project.
Turbo Energy, founded in 2013, develops AI-managed solar energy storage technologies and solutions and operates as a subsidiary of Umbrella Global Energy, S.A. The company has also secured a $53 million deal to supply and implement energy storage projects in Spain, providing systems with a total capacity of 366 MWh for a major industrial group in the construction industry.
News of the project has already impacted the market, with Turbo Energy SA ADR (NASDAQ:TURB) stock surging 12.5% in premarket trading on Tuesday.
