Turbo energy to pilot tokenized financing for renewable projects on stellar
Turbo Energy, a Spain-based company listed on Nasdaq (TURB), is launching a pilot program that uses blockchain to fund renewable energy systems. The initiative will start with a solar and battery installation at a supermarket in Spain and aims to show how blockchain-based debt instruments can make it easier to finance clean energy projects.
The project is a collaboration between Turbo Energy, Taurus (a digital asset infrastructure provider), and the Stellar Development Foundation. Together, they plan to explore how tokenized financing can improve liquidity and expand access to capital for renewable energy initiatives.
Bringing energy-as-a-service to the blockchain
Under the Energy-as-a-Service (EaaS) model, businesses can access clean energy without buying or maintaining any equipment. Instead, they pay for the energy they use or for the system’s performance through subscription-like contracts. Turbo Energy’s pilot applies this approach to on-site Power Purchase Agreements (PPAs) using its SUNBOX solar storage systems.
By tokenizing debt financing for these PPAs, the company hopes to create a scalable model for funding commercial and industrial solar projects around the world. Taurus will manage and issue the renewable energy tokens on the Stellar blockchain, enabling fractional ownership and on-chain financing — allowing more investors to participate in clean energy projects.
According to data from Grand View Research cited by Turbo Energy, the global EaaS market was valued at $74.43 billion in 2024 and is expected to grow to $145.18 billion by 2030.
Clean energy meets blockchain innovation
In the early days of Bitcoin, critics argued that cryptocurrency was bad for the environment because of its energy consumption. While proof-of-work blockchains like Bitcoin do use substantial electricity, the broader crypto space is also spawning innovations that support sustainability.
For example, in January, Italy’s Enel Group partnered with crypto wallet provider Conio to let investors buy tokenized shares of solar panels on the Algorand blockchain. This allowed investors to own fractional parts of Enel’s solar farms and offset their household energy use with the power generated.
In October, Brazilian solar company Thopen announced plans to explore Bitcoin mining as a way to utilize excess renewable energy production. Similarly, in August, UK-based Union Jack Oil revealed plans to repurpose natural gas from unused wells to generate electricity for Bitcoin mining.
