Turbo Energy secures 336MWh C&I battery storage order in Spain

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The systems will help the factories optimise electricity consumption, enhance operational efficiency, reduce exposure to volatile energy prices and significantly advance the electrification of the unnamed company’s operations.

Interestingly, the press release did not mention the country-wide blackout which occurred on 28 April 2025, which lasted about 10 hours. Commentators have suggested that, among other measures, more large-scale energy storage could help the grid in Spain, as well as individual electricity consumers, mitigate against the risk of future similar events. Pictured above is a battery project that Turbo deployed at a supermarket in Chile, which allowed it to continue operating during a blackout there.

The company’s share price increased as much as 500% today from yesterday’s close, although it is relatively thinly traded. It IPOed on the Nasdaq in 2023, but is based in Spain, where most of its activity is. Most of its manufacturing base is in China.

Spain’s grid-scale energy storage market has also seen much activity since the blackout, although the extent to which a pick-up can be attributed to the blackout rather than simply the long-term development of the market is unclear.

Major grid-scale BESS projects have been progressed by Iberdrola, Galp and Enlight, BW ESS announced 2.2GW plans in the country and EDP and Zelestra agreed what was claimed as the country’s first combined solar-and-storage power purchase agreement (PPA).

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Ignitis Group and Olana Energy have progressed BESS projects in Lithuania closer to construction, with the order of equipment and final investment decision (FID) taken, respectively.

Utility and power firms Axpo and energieUri will together deploy two BESS projects in Switzerland with technology provided by system integrator Fluence.

Dutch BESS operator Return has acquired four ready-to-build (RTB) projects in Germany, while agrifood tech and renewables investor N2OFF has added BESS to a solar project it is developing there.

South Korean company SK On has entered the US BESS market with LFP batteries, securing a supply contract with Flatiron Energy Development.

The sale of the UK BESS-holding Harmony Energy Income Trust (HEIT) proved private capital’s greater patience and valuation around the asset class, the CEO of its former investment advisor told Energy-Storage.news.