Welcome to our dedicated page for Turbo Energy SA news (Ticker: TURB), a resource for investors and traders seeking the latest updates and insights on Turbo Energy SA stock.
Turbo Energy, S.A. (Nasdaq: TURB) is a Spain-based developer of AI-optimized solar energy storage technologies whose activities and announcements generate a steady flow of company-specific news. Founded in 2013 and headquartered in Valencia, Turbo Energy focuses on SUNBOX-branded storage systems and AI-enabled energy management platforms for residential, commercial, industrial and utility-scale applications across Europe, North America and South America.
The TURB news feed covers updates on new product launches, reference projects, partnerships and financial disclosures. Readers can follow announcements about SUNBOX Home, SUNBOX Industry, SUNBOX Industry Max and SUNBOX Utility, as well as developments in Turbo Energy Solutions, the company’s business unit dedicated to photovoltaic generation, storage and smart energy management for commercial and industrial sectors in Latin America.
News items also highlight large commercial and industrial deployments, such as contracts to supply SUNBOX Industry systems for industrial facilities in Spain or projects that support electric vehicle fleet charging using smart storage hubs. Additional coverage includes collaborations with utilities and partners in markets like Chile, where Turbo Energy has deployed battery energy storage systems integrated with existing photovoltaic installations.
Investors and observers can use this page to review press releases furnished on Form 6-K, including updates on interim financial results, Annual General Meeting resolutions, executive appointments and initiatives such as tokenized financing for hybrid renewable energy installations. For those tracking the evolution of AI-managed solar storage, commercial and industrial energy management, and emerging service models like Battery-as-a-Service or Energy-as-a-Service, the TURB news stream provides a centralized view of Turbo Energy’s publicly reported activities and strategic direction.
Turbo Energy (NASDAQ:TURB) has partnered with Connection Holdings to introduce its AI-optimized SUNBOX Home energy storage system to the U.S. market. This marks a significant step in Turbo Energy's global expansion plan. The SUNBOX Home system, already installed in thousands of homes across nine European countries, is undergoing U.S. testing and certification processes.
Key features of SUNBOX Home include:
- Scalable energy storage capacity up to four times greater than leading U.S. competitors
- All-in-one integrated system with inverter, batteries, and AI-optimized software
- Cloud-based mobile app for user control and real-time monitoring
Connection Holdings will lead a multi-month beta test, deploying SUNBOX Home installations in key U.S. markets, followed by a national marketing campaign. The partnership aims to capitalize on the growing demand for solar-plus-storage systems in the U.S., with industry projections indicating 28% of new distributed solar capacity will be paired with storage by 2028.
Turbo Energy (NASDAQ:TURB) CEO Mariano Soria has issued an operational update to shareholders, highlighting the company's achievements and future plans. Key points include:
1. Turbo Energy's one-year anniversary of IPO and Nasdaq listing on September 26, 2024.
2. Recognition as a leading innovator in photovoltaic energy storage solutions in Europe.
3. Plans to expand into the U.S. and South America markets.
4. Development of a new cloud-based SaaS mobile app powered by proprietary AI.
5. Focus on increasing revenue, expense discipline, and sustainable positive cash flow.
6. Aim to obtain necessary U.S. certifications and identify strategic partners for North American expansion.
Soria emphasized Turbo Energy's unique position in the rapidly growing global energy storage market, projected to reach $506.5 billion by 2031.
Turbo Energy, a leader in photovoltaic energy storage, announced key outcomes from its 2024 Annual General Meeting of Shareholders held on June 25, 2024, in Valencia, Spain.
Key points include the election of seven board members, ratification of TAAD, LLP as the accounting firm for 2024, approval of the individual annual accounts and management report for the fiscal year ending December 31, 2023, and the delegation of power to the Board to increase share capital and issue convertible bonds up to specific limits, excluding pre-emptive subscription rights.
These proposals aim to provide the Company flexibility in capital management and strategic growth.
Turbo Energy, a leader in photovoltaic energy storage, has filed a patent application for its Sunbox C&I product with the Spanish Patent and Trademark Office. The product offers efficient and adaptable solutions for solar installations, allowing for increased production capacity and cost savings. CEO Mariano Soria expressed optimism for approval and plans for international expansion.
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