Turbo Energy surges on securing $53 million contract

** U.S.-listed shares of energy solutions provider Turbo Energy TURB surge 113% to $5.75 premarket

** Company secures $53 million contract to deploy 366 megawatt hours of solar storage capacity in Spain across two years

** Adds that this large-scale initiative will be developed for major industrial group in construction industry

** TURB will provide turnkey integration of systems, along with AI-driven energy management platform, for deployment across more than 10 industrial facilities with varying technical requirements

** Company says this will help businesses cut costs and reduce carbon emissions, TURB says

** As of last close, stock up 25% YTD