Solar energy storage firm Turbo Energy is turning to blockchain to fund clean energy projects using the Stellar (XLM) network, the firm said Tuesday.
The Nasdaq-listed company announced a new initiative to tokenize financing for hybrid solar and battery installations through a partnership with Taurus, a Swiss digital asset provider, and the Stellar Development Foundation, the organization that supports the Stellar blockchain, according to a press release.
The effort will begin with a pilot project in a supermarket in Spain, the companies said.
The move reflects the growing interest in applying blockchain rails to real-world assets. Proponents say tokenized finance can lower friction in energy investment by cutting out middlemen and offering automated, transparent oversight.
“This initiative is a concrete application of blockchain in energy financing,” Mariano Soria, CEO of Turbo Energy, said in a statement. “We are combining real-world solar storage infrastructure with blockchain technology to create an avenue for new revenue streams and wider access to sustainable investment.”
At the heart of Turbo Energy’s project is the tokenization of debt used to finance Power Purchase Agreements (PPAs) for on-site solar-plus-battery systems. This debt will be issued and managed using Taurus’ tokenization platform and registered on the Stellar blockchain. Tokens will represent fractions of project funding, allowing multiple parties to invest in clean energy infrastructure at lower access costs.
The model reflects a trend known as Energy-as-a-Service (EaaS), where companies provide solar and storage systems under service contracts instead of upfront purchases. This market was valued at $74.4 billion by 2024 and is expected to nearly double by 2030, according to Grand View Research.
The initiative follows Turbo Energy’s previous hybrid energy pilots in Chile and plans to expand its offerings via a new subsidiary focused on on-site energy solutions.
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