Solar energy storage company Turbo Energy is turning to blockchain to finance clean energy projects, using the Stellar (XLM) network, the company 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 infrastructure provider, and the Stellar Development Foundation, the organization behind the Stellar blockchain, according to a press release.
The effort begins 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. Proponents say tokenized financing could reduce friction in energy investments by eliminating intermediaries and offering automated and 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 path for new revenue streams and broader 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 solar systems with on-site batteries. That debt will be issued and managed using the 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 reflects a trend known as Energy as a Service (EaaS), where companies provide solar and storage systems through service contracts rather than upfront purchases. That market was valued at $74.4 billion in 2024 and is 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 offering through a new subsidiary focused on on-site energy solutions.
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