- Turbo Energy, a Nasdaq-listed pioneer in the development of patented, cutting-edge AI-optimized solar energy storage technologies and solutions, has signed a strategic agreement with American Connection Holdings for the introduction of the home solar energy storage system in the U.S. market.
- This agreement marks a crucial boost to the group’s commitment to the U.S. market and to Turbo Energy’s global expansion strategy.
- Up to 28% of all new distributed solar capacity in the U.S. will be combined with storage by2028, according to recent reports that point to growing demand for solar systems coupled with battery storage in the U.S. market.
Umbrella Global Energy, a Valencian company specializing in solutions that cover the entire value chain of photovoltaic solar energy and listed on BME Growth, has reached, through its subsidiary Turbo Energy, an agreement with Connection Holdings, a company based in Florida (United States) for the introduction in the U.S. market and to boost sales of its SUNBOX range of domestic solar energy storage solutions.
These are intelligent solar energy storage systems based on algorithms and artificial intelligence processes, patented by Turbo Energy, a technology subsidiary of Umbrella specializing in solar energy storage solutions and listed on the Nasdaq (NASDAQ:TURB). Connection Holdings has an extensive network of leading solar installation companies in the U.S. and is well positioned in performance marketing and in sectors such as solar energy, among others.
This partnership is a crucial boost to Umbrella’s commitment to the U.S. market and Turbo Energy’s global expansion strategy. This commitment, in turn, has been reinforced by investors with an upward trend in the stock’s performance on the Nasdaq, which is explained by the solid growth strategy in this market.
Enrique Selva, CEO of Umbrella, explains: “We are determined to enhance Umbrella and Turbo Energy’s internationalization strategy by taking our products to new markets with strong growth prospects. Our smart energy storage systems have already proven their reliability and safety, offering pioneering capabilities that explain their success in the European solar self-consumption market. Now, we are ready to bring the advantages of a solar energy storage system at the forefront of innovation, design, connectivity, artificial intelligence to U.S. homes and businesses. Thanks to Connection Holdings’ extensive network of companies and its position in the U.S. market, this agreement is a milestone in the global expansion of our group.”
“We are very proud to have been chosen by Turbo Energy to lead the U.S. market launch of SUNBOX,” said Edmond Pain, CEO and co-founder of Connection Holdings. “Considering that these smart systems feature scalable energy storage capacity that is up to four times greater than other leading residential energy storage systems available in the U.S., coupled with the fact that all components – inverter, batteries and AI-optimized software – are fully integrated into an innovative, all-in-one, elegantly designed system, we expect market demand to be strong and immediate and to grow exponentially in the coming years as sustainable solar energy storage solutions become a necessity for homeowners across the country.”
As a result of this agreement, Connection Holdings will use its recognized market penetration capabilities and leverage its extensive network of leading solar installation companies in the U.S. to help Umbrella, through Turbo Energy, enter the U.S. market and gain market share.
Turbo Energy’s smart energy storage systems incorporate AI algorithms that allow homeowners to optimize the energy efficiency of their solar panel installations to the maximum. Through Turbo Energy’s cloud-based mobile app, users have full control over the storage system, including determining the best times of day to use surplus stored energy, as well as complete real-time visibility into battery status, energy production, actual energy usage and monthly cost savings. The software also processes data-driven information on weather forecasts and electricity prices, among other parameters, for intelligent management.
Umbrella facing promising prospects in the U.S. market
According to the Q3 2024 industry research report published by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, both homeowners and corporate customers are increasingly demanding solar systems combined with battery storage. The report further notes that by 2028,28% of all new distributed solar capacity in the U.S. will be combined with storage, up from less than 12% in 2023.
For more information, please contact: comunicaciones@umbrella-e.com
