Turbo Energy announces 366 MWh C&I storage deal in Spain

Turbo Energy in Spain has disclosed to the stock market that it will supply battery energy storage projects in Spain with a total capacity of 366 MWh, with contracts valued at around $53 million. Delivery will take place over a two-year timeframe.

The announcement notes that the projects are for a large industrial group in the construction sector, and “more than ten industrial facilities” will be equipped with systems managed through Turbo Energy’s cloud platform. The company said the installations are intended to optimize electricity use and manage exposure to wholesale price volatility, while adjusting for “varying technical requirements.”

Turbo Energy said it will deploy its SUNBOX Industry solution, which supports commercial and industrial applications. The systems can operate in grid-connected or isolated modes and are available in sizes ranging from 30 kW to 2,000 kW in power and 30 kWh to 4,000 kWh in storage capacity, the company said in the announcement.

Previously, Turbo Energy also said its SUNBOX range incorporates self-developed “artificial intelligence technology and advanced energy management capabilities,” and that systems can support new solar PV deployments, and expansions of existing systems.

The company has also announced other C&I contracts, including just within the past weeks a project to supply a 1 MW/2 MWh storage hub with 10 high-capacity charging points for Uber’s EV fleet in Spain. It also expanded into the flourishing Chilean scene, with a partnership announced with Chilean utility Saesa.

Turbo Energy is headquartered in Valencia and has been listed on Nasdaq since 2023.

“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, which has its headquarters in Valencia.

The exact identity of the Spanish construction group was not provided. Considering the scale of the installations, and where energy-intensive activities in the construction sector are happening, could mean the potential for use in cement or concrete production, or adding further electrification to operating machinery and tooling.