Turbo Energy S.A. ( TURB ) stock skyrocketed Tuesday after the company announced it won a $53 million contract to deliver energy storage projects in Spain with a total capacity of 366 MWh over the next two years.

The deal involves more than 10 sites operated by a major construction industry client. Turbo Energy ( TURB ) will integrate its systems fully and use its AI-based management platform to help the facilities cut power costs, improve efficiency, and expand electrification.

Mariano Soria, CEO of Turbo Energy ( TURB ), said the agreement highlights confidence in the company's storage technology. "By entrusting us with the deployment of our C&I systems across multiple industrial facilities, this project is not only validating our competitively differentiated storage technology but also enabling substantial operational cost savings," he said.

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The initiative will use Turbo Energy's ( TURB ) SUNBOX Industry system, launched in 2024. With a range from 30 kW to 2,000 kW and storage capacity of 30 kWh to 4,000 kWh, SUNBOX Industry offers flexibility for industrial users. Its brand-agnostic design allows it to work with legacy infrastructure, easing expansion for customers facing volatile energy markets.

The project advances both customer sustainability goals and Europe's decarbonization push. Turbo Energy ( TURB ) said the expansion strengthens its role in large-scale storage and its commitment to cost-efficient clean power.

Turbo Energy ( TURB ) also revealed last week that it signed a landmark deal with Uber Technologies ( UBER ) to power the company's EV fleet in Spain. The project uses its SUNBOX Industry system to overcome grid constraints by adding flexible storage capacity, creating a 1 MW / 2 MWh smart hub capable of charging more than 300 vehicles. CEO Mariano Soria said the initiative showcases a scalable model for fleet electrification, underscoring the role of advanced storage in Europe's transportation decarbonization.

ETFs such as the Invesco Solar ETF ( TAN ) and iShares Global Clean Energy ETF also provide exposure to the renewable energy market.

Price Action: TURB shares were trading higher by 535.19% to $17.15 at last check Tuesday.

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