Turbo Energy secures $3.5M in 15 C&I energy storage projects

Turbo Energy, S.A. (Nasdaq: TURB) announced 15 firm-order energy storage projects across Spain and Chile, with an estimated aggregate value of approximately €3 million, or about $3.48 million, according to a company press release.

The portfolio comprises 15.6 MWh of storage capacity and 5.95 MW of power units. Two systems are already operating, three are under installation, nine are in the manufacturing stage, and one is under development. The company expects projects not yet operating to reach commissioning between the fourth quarter of 2026 and the first half of 2027, subject to site readiness and other project-specific conditions.

The projects span applications including solar energy time shifting, self-consumption optimization, peak-demand management, off-grid power supply, electric-vehicle charging, and participation in energy flexibility services.

"These 15 projects demonstrate that our technology can be deployed across different industries, system sizes and energy requirements," said Mariano Soria, Chief Executive Officer of Turbo Energy. "With projects spanning development, manufacturing, installation and operation, the portfolio shows the repeatability of our AI-driven platform across a more diversified C&I customer base."

The company noted that this portfolio is separate from its previously announced 366 MWh Pamesa Net Zero industrial deployment under a $53 million contract. The €3 million order value and 15.6 MWh capacity figures exclude the Pamesa project.

The firm-order portfolio comprises projects supported by binding purchase orders or executed supply agreements. The estimated aggregate order value does not represent revenue recognized within a single reporting period, as revenue recognition depends on contractual and execution milestones applicable to each project.

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