Homeowners across Europe are leveraging the power of renewable energy and optimizing their homes for efficiency with support from the European Union (https://ibn.fm/vfDos). Subsidies are provided by the European Bank for Reconstruction and Development’s (“EBRD”) Green Economy Financing Facility (“GEFF”) – an organization that helps homeowners upgrade to sustainable solutions with financing support and technical assistance.
Typical upgrades include the installation of a heat pump, energy-efficient windows, underfloor heating, and photovoltaic systems. While these improvements can reduce energy use and long-term costs significantly, the initial costs can be prohibitive. GEFF helps offset some of these expenses through donor grants, EU incentives, and financing arrangements.
Turbo Energy (NASDAQ: TURB), a photovoltaic energy company based in Spain, anticipates increased demand for residential solar energy systems from homeowners in the EU and throughout the world. The company’s flagship product – SunBox – is an all-in-one residential solar energy solution that leverages AI to manage consumption, reduce expenses, and protect consumers from price shocks.
SunBox Home streamlines power production, storage, and usage by connecting to each point in the solar energy generation and consumption cycle. The system’s companion application allows full personalization by offering users complete visibility into battery status, energy production, and power use.
Sunbox Home additionally unlocks the power of AI by collecting data from numerous sources, such as usage patterns, market prices, and weather forecasts. Through advanced algorithms, the system optimizes battery usage, improves energy efficiency, reduces utility bills, and provides protection against price volatility.
Along with Sunbox Home, TURB offers Sunbox Industry – a cutting-edge renewable energy solution that combines inverters, lithium-ion batteries, and AI-powered software for efficient energy management. With customizable features and real-time monitoring capabilities, Sunbox Industry optimizes energy consumption, reduces electricity bills, and ensures uninterrupted power supply for commercial operations.
Turbo Energy also specializes in lithium-ion batteries and inverters for photovoltaic energy storage, with a focus on the residential market. The company’s lithium-ion batteries have a capacity ranging from 2.24 kWh to 5.1 kWh in 24 and 48 volts, with dual battery system options available. In addition, Turbo Energy offers a range of inverters that convert direct current from photovoltaic panels into alternating current for household appliances, which concurrently regulate battery charging and discharging to optimize energy utilization.
Turbo Energy was incorporated in 2013 and operates as a subsidiary of Umbrella Solar Investment S.A. in Valencia, Spain. The company’s executive team leverages decades of experience in renewable energy technology, finance, and sales to drive the company’s strategic vision forward in the growing renewable energy industry.
For more information, visit the company’s website at www.Turbo-e.com.
NOTE TO INVESTORS: The latest news and updates relating to TURB are available in the company’s newsroom at https://ibn.fm/TURB
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