The technology Made in Spain with Artificial Intelligence in the field of photovoltaic energy storage triumphs in the U.S. market reaching a large over-demand with respect to the capital initially requested.
The company, which begins trading on the New York Stock Exchange at 3 p.m. Spanish time, will maintain its headquarters in Valencia by issuing 1 million ADSs (American Depositary Agreement) at a price of 5 dollars each as a mirror image of its Spanish shares.
After years of high growth in sales and investment in the latest residential solar storage technology, Turbo Energy has found recognition and financing in the United States as a leading technology company. In the words of its CEO, Mariano Soria, "the energy storage market has very high growth prospects in the coming years and we have the most advanced software in the industry for the management of residential, commercial and small industrial photovoltaic installations".
The company will use the funds raised in this transaction to maintain the technological leadership of its product portfolio and to undertake ambitious international expansion.