Turbo Energy S.A. ADR (NASDAQ:TURB) shares surged 12.5% in premarket trading Tuesday after the Spanish solar energy storage company unveiled a blockchain-powered project to tokenize financing for hybrid renewable energy systems.

The initiative is being launched in partnership with Taurus S.A., a leader in blockchain infrastructure, and the Stellar Development Foundation. The project will begin with a proof of concept at a supermarket in Spain, where debt financing for battery-integrated Power Purchase Agreements (PPAs) will be tokenized using Turbo Energy’s proprietary SUNBOX solar storage technology.

“This initiative is a concrete application of blockchain in energy financing,” said Mariano Soria, CEO of Turbo Energy. “We are combining real-world solar storage infrastructure with blockchain technology to create a pathway for new revenue streams and wider access to sustainable investments.”

The company aims to leverage this model to tap into the fast-growing Energy-as-a-Service (EaaS) market, which was valued at $74.43 billion in 2024 and is forecast to reach $145.18 billion by 2030, reflecting a 12.3% compound annual growth rate (CAGR), according to Grand View Research.

Taurus will oversee the tokenization process through its Taurus-CAPITAL platform, while issuance and management of the tokens will take place on the Stellar blockchain. The platform will use smart contracts to enable fractional ownership of clean energy assets, lowering investment barriers and improving access for retail and institutional investors alike.

Turbo Energy plans to scale this blockchain-based financing model internationally through its subsidiary Turbo Energy Solutions, which focuses on supporting solar and battery project financing for commercial and industrial clients around the world.

Turbo Energy stock price

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