Stellar News Today: Turbo Energy's tokenization opens up clean energy investment to everyone
- Turbo Energy partners with Taurus and Stellar to tokenize hybrid renewable energy projects, targeting the $74.43B EaaS market. - The pilot uses blockchain to fractionalize solar storage PPA debt, leveraging Stellar's low-cost infrastructure for transparent green finance. - Tokenization aims to democratize clean energy investment, with Turbo's CEO highlighting scalability and security in AI-optimized storage solutions. - The initiative aligns with sustainable development goals, driving a 12.5% premarket s
Turbo Energy S.A. (NASDAQ: TURB) has introduced an innovative project to tokenize funding for hybrid renewable energy ventures, collaborating with blockchain infrastructure provider Taurus S.A. and the
According to Grand View Research, the worldwide Energy-as-a-Service (EaaS) sector, estimated at $74.43 billion in 2024, is expected to reach $145.18 billion by 2030, growing at a compound annual rate of 12.3%. Through tokenization,
Taurus-CAPITAL, the institutional-grade tokenization platform from Taurus, will oversee the creation and management of tokens on the Stellar blockchain. Stellar’s system is recognized for streamlining international payments and lowering expenses in sustainable finance. “Climate finance must be as streamlined as the renewable energy it supports,” stated Denelle Dixon, CEO of the Stellar Development Foundation. “Stellar provides enterprise-level solutions at a fraction of conventional costs,” according to
Mariano Soria, CEO of Turbo Energy, highlighted the project’s capacity to generate new income streams and increase opportunities for sustainable investment. “By merging tangible solar storage infrastructure with blockchain, we are ensuring top-tier security and scalability,” he remarked. The pilot, designed to be small-scale, will assess operational and financial results before a wider rollout, as reported by
Turbo Energy has previously conducted hybrid solar-storage pilots in Chile, including collaborations with Saesa in the agri-food industry and the Alto Labranza shopping center. These efforts highlight Turbo Energy’s expertise in AI-driven energy storage solutions, which are offered to residential, business, and industrial customers across three continents, as noted by
Following the announcement, Turbo Energy’s shares jumped 12.5% in premarket trading, reflecting strong investor interest in the blockchain-based approach. The pilot supports the company’s broader EaaS vision, with plans to expand through Turbo Energy Solutions, its division dedicated to financing solar and battery initiatives.
Lamine Brahimi, Taurus co-founder, emphasized the project’s broader benefits: “Digital asset strategies can advance both economic and social objectives,” he said, pointing to the initiative’s alignment with sustainable development goals, as reported by
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Turbo Energy, Taurus and Stellar Collaborate to Enter the US$74.43 Billion EaaS Sector Through Hybrid Renewable Energy Project Tokenization
Turbo Energy shares surge after unveiling renewable energy tokenization initiative
