Shares of Turbo Energy SA ADR (NASDAQ:TURB) skyrocketed 240% after the company revealed it had secured a $53 million contract to supply and deploy energy storage solutions for a major industrial construction group in Spain.
The deal covers more than ten industrial facilities, where Turbo Energy will install systems totaling 366 MWh over the next two years. The company will provide full turnkey integration alongside its AI-driven energy management platform, enabling factories to optimize electricity use, boost efficiency, and reduce exposure to fluctuating energy prices.
The deployments will feature Turbo Energy’s SUNBOX Industry solar battery storage system, launched in 2024. The patent-pending platform supports scalable installations from 30 kW to 2,000 kW in power and 30 kWh to 4,000 kWh in storage.
“This landmark project underscores Turbo Energy’s position as a trusted partner in delivering cost-efficient energy solutions, highlighting our unique ability to integrate advanced solar storage solutions with an AI-driven digital platform,” said Mariano Soria, CEO of Turbo Energy.
The SUNBOX Industry units are integrated with the company’s cloud-based AI platform, which automatically buys energy at optimal times and prices to offset market volatility.
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