people · May 20, 2026
Turbo Energy Reports $53 Million Industrial Contract for 366 MWh Energy Storage in Spain
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Turbo Energy, S.A. announced details of a $53 million industrial contract involving 366 MWh capacity in its FY2025 report released May 18, 2026. The project supports expansion in Spain’s ceramics sector as part of broader industrial electrification efforts. The company also launched Turbo Energy Solutions in Chile and initiated U.S. market expansion with a new U.S. patent. Early 2026 capital raises of $5 million bolstered the balance sheet while the firm restructured €4.87 million in long-term bank financing. CEO Mariano Soria oversees operations from the company’s Valencia headquarters.
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