TURBO ENERGY EXPANDS PAMESA NET ZERO CONTRACT WITH $7.6 MILLION IN ADDITIONAL STORAGE AND ENERGY MANAGEMENT ORDERS
The additional orders add a net 51 MWh of contracted storage capacity, extending the program to two new industrial sites.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Turbo Energy (Nasdaq: TURB) secured approximately US$7.62 million in additional orders to expand its deployment within Pamesa Group’s industrial energy program.
The €6.83 million expansion adds a net 51 MWh of contracted battery storage capacity at two new industrial sites and existing locations. It builds on the approximately $53 million agreement announced in September 2025 for 366 MWh across 10 factories. So far, 62.5 MWh is operating across three sites, and the company’s energy management software began operating within the program in July 2026.
The new orders cover battery storage, inverters, software and integration services, with equipment deliveries expected in the first half of 2027. The order value is not revenue recognized in a single reporting period; recognition depends on contractual terms and accounting policies. A separate $3.5 million portfolio announced in September 2026 covers 15 projects in Spain and Chile, excluding Pamesa.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Major pointAdditional Pamesa orders add €6.83 million, approximately US$7.62 million, beyond the previously announced agreement. 71% of market cap
- Minor pointContracted storage increases by a net 51 MWh, covering two new industrial sites and existing-site expansions.
- Minor pointInitial deployment has brought 62.5 MWh into operation across three industrial sites.
- Minor pointProprietary energy management software began operating within Pamesa Net Zero in July 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.Additional-order equipment deliveries are expected during the first half of 2027.
- Minor pointSeparate September 2026 portfolio comprises $3.5 million across 15 projects in Spain and Chile, excluding Pamesa.
Negative
- None.
Key Figures
- Additional order value
- €6.83 million (approximately US$7.62 million)
- Additional contracted orders for Pamesa Net Zero
- Additional contracted capacity
- Net 51 MWh
- Phase II orders
- Original contract value
- Approximately $53 million
- Pamesa agreement announced in September 2025
- Original contracted capacity
- 366 MWh
- Across 10 factories under the September 2025 agreement
- Capacity in operation
- 62.5 MWh
- Initial deployment across three industrial sites
- Expected equipment deliveries
- First half of 2027
- Additional orders
Historical Context
-
Reported 62.5 MWh operational across three sites under the original 366 MWh contract.
-
Described the Pamesa program’s 366 MWh storage deployment, with more than 130 MWh installed.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
bess technical
revenue recognition financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Phase II adds a net 51 MWh of contracted battery storage capacity and extends Turbo Energy’s AI-driven technology to new industrial sites
Turbo Energy battery storage systems deployed within Pamesa Net Zero, an industrial program now expanding to additional sites.
VALENCIA, Spain , Nov. 10, 2026 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global technology integrator specializing in AI-driven storage and energy management solutions, today announced additional orders valued at
The orders represent additional contracted business attributable to Turbo Energy beyond the value of its previously announced agreement and add a net 51 MWh of contracted battery storage capacity, covering installations at two new industrial sites and capacity increases at existing locations.
The expansion builds on the approximately
The additional orders cover battery energy storage systems (“BESS”), inverters, Turbo Energy’s proprietary AI-driven energy management software and associated integration services, with equipment deliveries expected during the first half of 2027.
Phase II expands the deployment of Turbo Energy’s integrated technology across the Pamesa Net Zero program, supporting greater control over electricity costs, reduced exposure to price volatility, increased use of on-site solar generation and more flexible management of energy resources. The new inverters also introduce backup capability, enabling appropriately configured installations to supply designated loads during grid outages, subject to available solar generation, battery charge and connected demand.
The additional order value represents contracted business attributable to Turbo Energy and should not be interpreted as revenue recognized in a single reporting period. Revenue recognition will depend on the applicable contractual terms and the Company's accounting policies.
AI-driven energy management tailored to industrial operations
Turbo Energy combines battery storage, system controls and proprietary energy management software to support the operation of complex industrial energy systems.
Its software uses AI-driven forecasting of solar generation and electricity consumption, together with electricity price signals and battery availability, to optimize battery charging and discharging schedules while accounting for each facility’s operating requirements.
Engineering and software configuration are tailored to the technical characteristics, equipment and consumption patterns of each installation, allowing the technology to be integrated into different industrial environments.
“Bringing the first installations into operation established an important foundation for the next phase of Pamesa Net Zero,” said Mariano Soria, Chief Executive Officer of Turbo Energy. “These additional orders expand the scope of our participation in the program, extending both our battery storage systems and the software that manages them. For Turbo Energy, Phase II represents an opportunity to deepen our involvement in a major industrial energy program while continuing to demonstrate how integrated storage and intelligent energy management can address the operating and economic requirements of electricity-intensive industries.”
Supporting industrial energy economics and broader market expansion
For electricity-intensive industries, managing when and how electricity is generated, stored and consumed is an increasingly important factor in operating costs and competitiveness.
By coordinating on-site solar generation, battery storage and electricity demand, intelligent energy management systems can help industrial facilities increase solar self-consumption, manage peak demand and shift electricity purchases toward more favorable price periods, subject to each facility’s technical and operating conditions.
Beyond Pamesa, Turbo Energy announced a separate
¹ U.S. dollar amount calculated using an exchange rate of US
About Turbo Energy, S.A.
Founded in 2013, Turbo Energy, S.A. (Nasdaq: TURB) is a global technology integrator specializing in AI-driven storage and energy management solutions. The Company integrates advanced battery storage, proprietary software and energy management systems into intelligent energy solutions that help residential, commercial and industrial customers optimize energy consumption, reduce costs, improve resilience and maximize the value of their energy assets.
As part of Umbrella Global Energy, Turbo Energy plays a strategic role in driving innovation in intelligent energy storage, electrification and software-defined energy management across Europe, North America and Latin America. For more information, please visit www.turbo-e.com.
Forward-Looking Statements
Statements in this press release about future expectations, plans and prospects, including anticipated manufacturing, delivery, installation and commissioning timelines, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the business of the Company, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control, including the risks described in the Company’s registration statements and annual reports under the heading "Risk Factors" as filed with the Securities and Exchange Commission. Actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and Turbo Energy, S.A. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
For more information, please contact:
Turbo Energy | Investor Relations
Email: investors@turbo-e.com
Website: investors.turbo-e.com
Attachment
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much are Turbo Energy’s additional Pamesa Net Zero orders worth?
The additional orders total €6.83 million, approximately US$7.62 million, beyond the previously announced agreement. They add a net 51 MWh of contracted battery storage capacity through installations at two new industrial sites and capacity increases at existing locations.
When does Turbo Energy expect to deliver equipment for the Pamesa expansion?
Equipment deliveries for the additional orders are expected during the first half of 2027. The orders cover battery energy storage systems, inverters, proprietary AI-driven energy management software and associated integration services.