Umbrella expands its contract with Pamesa by €11.6 million to extend its solar and energy storage project

The new phase of Pamesa Net Zero adds 6.71 MWp of photovoltaic generation and 51 MWh of energy storage to strengthen energy management and the competitiveness of its industrial facilities

Valencia, November 11, 2026 – Umbrella Global Energy (BME Growth: UMB), through its subsidiary IM2 Energía Solar, has agreed with Pamesa Grupo Empresarial to expand the Pamesa Net Zero project, which integrates photovoltaic generation, battery energy storage and intelligent energy management technology across the ceramic group’s industrial facilities.

The contract expansion, valued at €11.6 million, includes an additional 6.71 MWp of photovoltaic generation and 51 MWh of energy storage, as well as the incorporation of new sites and capacity increases at other locations already included in the program launched in 2025.

This second phase strengthens the collaboration between both companies and expands the deployment of integrated energy solutions designed to optimize the use of solar generation and the management of electricity consumption across Pamesa’s industrial facilities.

The project combines IM2’s engineering and industrial energy solution integration capabilities with the energy storage and intelligent energy management technology of Turbo Energy (Nasdaq: TURB), both companies within the Umbrella Group.

This integration enables the energy infrastructure to operate in a coordinated manner, adapting its operation to the production requirements and consumption profiles of each factory in order to improve the use of available energy and manage its cost.

Pamesa Net Zero expands its industrial deployment

The new phase builds on the contract signed in 2025, with an initial value of €73.6 million, for the design, supply, construction and commissioning of installations with a planned capacity of 80.56 MWp of photovoltaic generation and 366.84 MWh of energy storage.

The expansion comes as the initial program continues to progress toward full operation.

As of October 7, 2026, three industrial sites had 62.5 MWh of operational energy storage, while deployment of the systems planned for other locations continued.

Turbo Energy’s proprietary energy management software also began operating within the project in July 2026, incorporating monitoring and coordination capabilities across the different energy resources at the facilities.

Intelligent energy management, key to industrial competitiveness

For electricity-intensive industries, the ability to manage when energy is generated, stored and used is becoming an increasingly important factor in controlling production costs and reducing exposure to electricity price volatility.

Within Pamesa Net Zero, the customized energy management software coordinates solar generation, energy storage and electricity consumption.

Using predictive models for generation and demand, electricity price signals and battery availability, the system optimizes charging and discharging cycles to improve the use of available energy and manage electricity costs at each factory.

The expansion also includes inverters with backup functionality, capable of supplying power to designated loads during grid outages, provided that the installation configuration, solar generation and available battery charge allow it.

Enrique Selva, CEO of Umbrella Global Energy, said:

“For an electricity-intensive industry, energy is not just a supply: it is a key factor in competitiveness. The real value of Pamesa Net Zero lies not only in installing solar generation or batteries, but in ensuring that all of this infrastructure operates as an integrated energy system, adapted to the real needs of each factory. Expanding the project allows us to continue moving in that direction, strengthening our collaboration with Pamesa and its ability to manage one of its main production costs more efficiently.”

Pamesa Net Zero is an example of Umbrella’s industrial energy solutions model, which combines engineering, renewable energy infrastructure and technology to develop systems tailored to the needs of large energy consumers.

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