08:38 AM EDT, 09/16/2025 (MT Newswires) -- Turbo Energy ( TURB ) shares soared 102% in Tuesday's premarket session after it said it was awarded a $53 million contract to supply and install energy storage projects in Spain.

The company said that it will provide energy management and other services for the projects, which have a capacity of 366 megawatt hours and will take place over the next two years.

Turbo Energy ( TURB ) did not name the company that awarded the contract.