Turbo Energy (Nasdaq: TURB) is launching a pilot project to tokenize financing for hybrid renewable energy systems, starting with an on-site solar and battery installation at a supermarket in Spain. The initiative aims to demonstrate how blockchain-based debt instruments can fund distributed energy projects.
The project is being developed in collaboration with digital asset infrastructure firm Taurus and the Stellar Development Foundation. According to an announcement, the pilot will test how tokenized financing can support liquidity and improve capital access to renewable energy funding.
Energy-as-a-Service is a model that allows customers to pay for energy use or performance without owning any equipment. It allows businesses to access clean energy through subscription-style contracts while providers handle installation, maintenance and operation.
The pilot will tokenize debt financing for on-site Power Purchase Agreements (PPAs) using Turbo Energy’s SUNBOX solar storage systems. The model aims to create a scalable framework for financing commercial and industrial solar projects worldwide.
Taurus will issue and manage Turbo Energy’s renewable-energy tokens using the Stellar blockchain, which will enable fractional, onchain financing, allowing more investors to participate in funding clean-energy projects.
According to data from Grand View Research cited by Turbo Energy, the global EaaS sector was valued at $74.43 billion in 2024 and is expected to more than double to $145.18 billion by 2030.
The Intersection of Clean Energy and Blockchain Technology
In Bitcoin’s early years, critics often claimed that its heavy energy use made it harmful to the environment. While it is true that Bitcoin and other proof-of-work blockchains consume significant amounts of electricity to secure their networks, innovation within the crypto ecosystem is also driving eco-friendly solutions.
In January, Italian renewable energy company Enel Group teamed up with crypto wallet company Conio to let investors buy tokenized shares of solar panels on the Algorand blockchain. The offering allowed Italian investors to purchase fractional ownership in Enel’s solar farms and apply the generated energy to offset power consumption in their homes.
In October, Thopen, a Brazilian solar power company, announced it was considering a pivot into Bitcoin mining to “absorb local generated energy” from the country’s renewable sector.
In August, the UK-based publicly traded company Union Jack Oil, announced plans to use natural gas from undeveloped wells to generate electricity for Bitcoin mining.