Turbo Energy, a global provider of leading-edge, AI-optimized solar energy storage technologies and solutions, has announced that the Company has partnered with Florida-based Connection Holdings (‘CH”), the managing entity of brands operating in the performance marketing and lead generation sectors with a focus on a broad range of industries, including the U.S. solar energy market.
Under the strategic advisory agreement entered into on October 18, 2024, CH will employ its organization's award-winning market penetration capabilities and leverage its extensive nationwide network of leading U.S. solar installation companies to assist Turbo Energy in introducing and winning U.S. market share for the Company's proprietary, all-in-one, Artificial Intelligence ("AI")-optimized SUNBOX solar energy storage system designed specifically for residential application ("SUNBOX Home").
Mariano Soria, the Chief Executive Officer of Turbo Energy, stated, "With virtually thousands of SUNBOX Home installations spanning nine countries throughout Europe, we have been actively engaged over the past several months in progressing through extensive U.S. testing and certification processes to affirm that SUNBOX Home meets and exceeds American public and product safety standards for energy storage systems and equipment. We are very excited to be partnering with Connection Holdings to take the next pivotal step in our global expansion plan, introducing SUNBOX Home to the U.S. market in hopes that we will achieve meaningful market awareness and rapid adoption of what we believe is the industry's most price-competitive, smart, all-in-one solar energy storage solution on the market today."
"We are very proud to have been chosen by Turbo Energy to lead the market launch of SUNBOX Home in the U.S.," noted Edmond Pain, Managing Principal and Co-Founder of CH. "Considering that SUNBOX Home features 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 that market demand will be strong and immediate and grow exponentially in the coming years as sustainable solar energy storage solutions become a must-have for homeowners nationwide."
According to the Q3 2024 industry research report released by the Solar Energy Industries Association and Wood Mackenzie, homeowners and businesses are increasingly demanding solar systems that are paired with battery storage. California's shift in net metering policy and state incentives for solar-plus-storage in other markets have driven attachment rates up in recent quarters. The report further states that by 2028, 28% of all new distributed solar capacity will be paired with storage, compared to under 12% in 2023.
SUNBOX Home is a complete intelligent solar energy storage system powered by Turbo Energy's patented AI algorithms and processes that allow homeowners to fully optimize the energy efficiency of their solar power panel installations. Moreover, the cloud-based Turbo Energy mobile app gives SUNBOX Home users total control over the storage system, including determining best times of day when to use the surplus energy stored, as well as providing complete real-time visibility into battery status, energy production, actual power usage and monthly cost savings. In addition, the app provides data-driven insight into weather and electricity price forecasts, among other vital metrics.
Turbo Energy's U.S. market launch will be led by a multi-month beta test, whereby Connection Holdings will coordinate the deployment of several SUNBOX Home system installations in residences located in key, high-growth markets across the nation. Following the conclusion of the beta test and analysis of collected data and feedback from installers and homeowners, Connection Holdings is tasked with implementing a national marketing campaign designed to ramp sales of SUNBOX Home and help to define and refine, as necessary, the U.S.-based infrastructure needed to support anticipated market demand in the months and years to come.
