Recent Updates — TURB
Turbo Energy, S.A. announced that 62.5 MWh of intelligent energy storage capacity is fully operational across three industrial sites within the Pamesa Net Zero project in Spain: ECO Porcelánico, Compacglass and TAU Porcelánico. The systems have completed installation, commissioning and testing and are now coordinating battery charging and discharging with photovoltaic generation and facility consumption profiles under real production conditions. This operational milestone is part of a previously announced $53 million contract to supply and implement 366 MWh of battery storage across ten factories. Since the first systems entered operation in July 2026, these three sites have avoided 421 metric tons of CO₂. Turbo Energy, S.A. is a global technology integrator specializing in AI-driven energy storage and energy management solutions.
Turbo Energy reported unaudited consolidated revenue of €15,033,238 for the six months ended June 30, 2026, a significant increase from €5,512,458 in the prior year period. The company swung to a net income of €65,647 compared to a net loss of €1,397,715 previously, driven by higher sales volume and improved operating margins. Turbo Energy also raised approximately USD 5.0 million through equity issuances during the first half of 2026 via Registered Direct Offerings and an at-the-market program. The company operates in the renewable energy sector, designing and distributing AI-optimized solar energy storage systems.
Turbo Energy announced a portfolio of 15 firm-order commercial and industrial energy storage projects across Spain and Chile with an estimated aggregate order value of approximately €3 million (US$3.48 million). The portfolio includes 15.6 MWh of storage capacity and 5.95 MW of power, comprising two operating systems, three under installation, nine in manufacturing, and one in development. Projects are expected to progress through delivery and commissioning between Q4 2026 and H1 2027. This portfolio is separate from the previously announced $53 million Pamesa Net Zero deployment. Turbo Energy operates as a global technology integrator specializing in AI-driven energy storage and management solutions.
Turbo Energy, S.A. reported preliminary first-half 2026 results with revenue of $17.2 million, a 180% year-over-year increase from $6.1 million in H1 2025. The company achieved positive EBITDA of $0.89 million, operating income of $0.61 million, and net income of $10,606, marking a turnaround from a net loss in the prior year period. Commercial & Industrial projects accounted for 55% of total revenue. Turbo Energy, S.A. is a global technology integrator specializing in AI-driven Intelligent Energy Storage and intelligent energy management solutions.
On June 24, 2026, Turbo Energy, S.A. announced a large-scale industrial energy infrastructure project in partnership with HiTHIUM. The deployment covers 15 industrial facilities owned by a major European electro-intensive ceramic manufacturing group, featuring a planned battery energy storage capacity of 366 MWh. The initiative integrates HiTHIUM’s battery energy storage systems with Turbo Energy’s AI-driven energy management and optimization platform to coordinate renewable generation, storage, and industrial consumption. Turbo Energy, S.A. provides AI-driven energy management and optimization software for commercial and industrial energy markets.