Turbo Energy selects Taurus and Stellar to launch a tokenized clean energy financing pilot project in Spain

According to The Block, Nasdaq-listed Turbo Energy S.A. (TURB) has partnered with institutional blockchain company Taurus S.A. and the Stellar Development Foundation to launch a hybrid renewable energy facility financing tokenization initiative, starting with a pilot in Spain.

According to a Tuesday announcement, the pilot will involve the tokenization of debt financing for power purchase agreements integrated with on-site batteries, deploying Turbo Energy's proprietary SUNBOX solar energy storage system. At the same time, Taurus's institutional-grade platform Taurus-CAPITAL will issue and manage these tokenized assets on the Stellar blockchain. The announcement stated that this approach demonstrates a decentralized, scalable model, with plans to expand into international markets through Turbo Energy Solutions and its new "energy as a service" subsidiary, facilitating project financing for commercial clients.