Solar energy storage company Turbo Energy is turning to blockchain to finance clean energy projects, using the Stellar (XLM) network, the company announced 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 infrastructure provider, and the Stellar Development Foundation, the organization that supports the Stellar blockchain, according to a press release.
The effort is starting with a pilot project at a supermarket in Spain, the companies said.
The move reflects growing interest in applying blockchain rails to real-world assets. Supporters say token financing could reduce friction in energy investments by cutting out middlemen and providing automated, transparent oversight.
“This initiative is a concrete application of blockchain in energy financing,” said Mariano Soria, CEO of Turbo Energy, in a statement. “We are combining real-world solar storage infrastructure with blockchain technology to create a path to new revenue streams and broader access to sustainable investments.”
At the heart of Turbo Energy’s project is the tokenization of debt used to finance power purchase agreements (PPAs) for on-site solar and battery systems. This debt will be issued and managed using Taurus’ tokenization platform and recorded on the Stellar blockchain. The tokens will represent fractions of the project funding, allowing multiple parties to invest in clean energy infrastructure at lower entry costs.
The model reflects a trend known as energy as a service (EaaS), in which companies provide solar and storage systems through service contracts rather than upfront purchases. This market was valued at $74.4 billion in 2024 and is expected to nearly double by 2030, according to Grand View Research.
The initiative follows Turbo Energy’s previous hybrid energy pilot projects in Chile and plans to expand its offering through a new subsidiary focused on on-site energy solutions.
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