Turbo Energy, S.A. - American Depositary Shares (TURB)

With no seeming end to the war between the U.S., Israel, and Iran, countries should consider tapping into renewables to offset increased energy costs caused by the ongoing conflict. Predictably, the Iran war has caused gas and oil prices to jump, and with the U.S. actively turning away from renewables under the Trump administration, experts believe the country is depriving itself of energy independence.

Canada and India have formalized a sweeping energy partnership that closes a chapter of diplomatic estrangement and anchors a long-term economic relationship. Mark Carney became the first Canadian prime minister to visit India for face-to-face talks in seven years. Agreements signed across Mumbai and New Delhi cover nuclear fuel, renewables, hydrogen, critical minerals and trade.

VALENCIA, Spain, March 12, 2026 (GLOBE NEWSWIRE) -- Turbo Energy, S.A. (Nasdaq: TURB) (“Turbo Energy” or the “Company”), a global provider of AI-optimized solar energy storage technologies and solutions, today announced that it has entered into a securities purchase agreement with a single global institutional investor for the purchase and sale of 1,000,000 of the Company’s American Depositary Shares (“ADSs”) at a purchase price of $3.25 per ADS in a registered direct offering. The gross proceeds from the offering are expected to be approximately $3.25 million, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about March 13, 2026, subject to the satisfaction of customary closing conditions. 

Trump’s assault on Iran has produced an outcome he almost certainly did not plan for: a powerful, real-world advertisement for ditching fossil fuels. With energy markets destabilized and drivers across the world bracing for another squeeze at the pump, the economic case for clean energy has rarely felt more urgent or better supported.