Taurus, Stellar tapped for tokenized clean energy financing pilot in Spain
Turbo Energy, Taurus, and Stellar are piloting tokenized financing for renewable energy projects in Spain using the Stellar blockchain.Summary
Nasdaq-listed Turbo Energy S.A. is launching a pilot program in Spain to tokenize financing for hybrid renewable energy installations, partnering with Taurus S.A. and the Stellar Development Foundation. The initiative will tokenize debt financing for on-site battery-integrated Power Purchase Agreements utilizing Turbo Energy’s SUNBOX solar energy storage systems. Taurus’ Taurus-CAPITAL platform will manage the issuance and management of these tokenized assets on the Stellar blockchain. This decentralized model aims to expand internationally under Turbo Energy’s new Energy-as-a-Service subsidiary, facilitating financing for solar and battery projects. Stellar Foundation CEO Denelle Dixon emphasized the need for efficient climate finance. Taurus, a Swiss fintech company, provides digital asset infrastructure to major banks and recently expanded to the U.S.
(Source：The Block)