Tokenization News: Power Turbo Taps Stellar (XLM), Taurus for Clean Energy Finance
Turbo Energy is using the Stellar blockchain and Taurus to tokenize debt for financing hybrid solar projects, starting with a Spanish pilot.Summary
Solar energy storage firm Turbo Energy has launched an initiative to tokenize financing for hybrid solar and battery installations, partnering with Swiss digital asset infrastructure provider Taurus and the Stellar Development Foundation. This effort, which begins with a pilot project at a supermarket in Spain, aims to use the Stellar (XLM) network to issue and manage tokenized debt representing fractional shares of Power Purchase Agreement (PPA) financing. Proponents believe this tokenization will lower friction in energy investments by removing intermediaries and offering transparent oversight, aligning with the growing Energy-as-a-Service (EaaS) market trend. Turbo Energy's CEO, Mariano Soria, stated the project combines real-world solar infrastructure with blockchain to create new revenue streams and wider access to sustainable investments.
(Source：CoinDesk)