Solar energy storage firm Turbo Energy is turning to blockchain to finance clean energy projects, using the Stellar (XLM) network, the firm said on Tuesday.
The Nasdaq-listed firm 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 supporting the Stellar blockchain, according to a press release.
The effort begins with a pilot project at a supermarket in Spain, the firms said.
The move reflects growing interest in applying blockchain rails to real-world assets. Proponents say tokenized financing could lower friction in energy investments by removing intermediaries 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 a pathway for new revenue streams and wider access to sustainable investments."
At the core of Turbo Energy's project is the tokenization of debt used to finance Power Purchase Agreements (PPAs) for on-site solar-plus-battery systems. That debt will be issued and managed using Taurus’ tokenization platform and recorded on the Stellar blockchain. The tokens will represent fractional shares of the project financing, allowing multiple parties to invest in clean energy infrastructure at lower entry costs.
The model mirrors a trend known as Energy-as-a-Service (EaaS), where companies provide solar and storage systems under service contracts instead of upfront purchases. That market was valued at $74.4 billion in 2024, and it's projected 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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