- Demand for photovoltaic energy storage systems in the EU is growing, driven by increased demand for energy security, renewable energy sources, and grid stability
- TURB strongly positioned with patented Sunbox – an AI-powered solution for home and business photovoltaic systems
- Sunbox leverages AI-powered algorithms to optimize energy usage, maximize efficiency, and protect against price shocks
- Market size for solar energy storage batteries projected to grow from $4.40 billion in 2023 to $20.01 billion by 2030 at a CAGR of 24.2%
Demand for photovoltaic energy storage systems in the European Union is growing, driven by environmental concerns and the goal of reducing dependence on fossil fuels (https://ibn.fm/dXFtt). The adoption of solar power systems combined with battery storage is driving the surge with an emphasis on energy security, integration of renewable energy sources, and enhanced grid stability.
Turbo Energy (NASDAQ: TURB), a photovoltaic energy company based in Spain, is strongly positioned to capitalize on increased demand with its patented Sunbox – an AI-powered solution for home and commercial photovoltaic installations.
Following the recent acquisition of an international patent, Turbo Energy is now strategically determining the countries for registration. “The result will be a unique energy storage solution that we believe will provide Turbo a leading position in this industry worldwide and help pave the way towards a more sustainable and energy-efficient future,” stated Turbo as they received their Spanish patent (https://ibn.fm/LqEcR).
Sunbox helps EU policymakers meet environmental goals while incentivizing consumers through lowered energy costs, maximized efficiency, and price shock protection. The system provides a comprehensive and intelligent energy management solution, utilizing AI algorithms to optimize energy usage while ensuring a reliable power supply. Additionally, the integration of an electric vehicle charger enables seamless charging at home and increased reliability on the road.
“It is the result of years of work on power inverters’ electronics with the aim of making them more useful for the end consumer,” said Pablo de la Cuadra, Director of Development at TURB.
The projected market size for solar energy storage batteries is anticipated to expand from $4.40 billion in 2023 to $20.01 billion by 2030 at a CAGR of 24.2% over the forecast period (https://ibn.fm/ulfj9). As an industry pioneer, TURB offers next-generation solar energy batteries that leverage proprietary software, offering a competitive advantage in the growing sector. With a focus on the home energy storage market, TURB’s batteries boast capacities ranging from 2.24 kWh to 5.1 kWh in 24 and 48 volts, with the latter option available in a dual battery system.
Turbo Energy was incorporated in 2013 and operates as a subsidiary of Umbrella Solar Investment S.A. in Valencia, Spain. Led by CEO Mariano Soria, the company’s management team leverages decades of experience in renewable energy technology, finance, and sales to drive the company’s strategic vision forward in the growing energy storage market industry.
For more information, visit the company’s website at www.Turbo-e.com.
NOTE TO INVESTORS: The latest news and updates relating to TURB are available in the company’s newsroom at https://ibn.fm/TURB
