Romania’s first hydrogen train fleet now has a start date: 2029. Twelve trains, every one set to run on Ballard fuel cells. In Spain, a battery company worth about $13 million now has storage working at its first three factory sites.
Turbo Energy Switches On 62.5 MWh of Storage at Three Spanish Plants
Turbo Energy, S.A. (Nasdaq: TURB) said on October 6 that 62.5 MWh of its battery storage is now in normal commercial operation at three industrial sites in Spain: ECO Porcelánico, Compacglass and TAU Porcelánico. The batteries sit alongside 34 MWp (megawatt-peak, a solar array’s maximum rated output) of installed solar.
Turbo’s software decides when each plant stores energy and when it uses it, based on electricity price and weather forecasts.
These are the first three of ten factories under Turbo’s $53 million contract for 366 MWh.
Turbo shipped more than 130 MWh to the project in the first half of 2026. Less than half of it is running. The rest is still being installed or commissioned, and the company says the remaining schedule depends on permitting, testing and customer acceptance.
The customer is close to home. Umbrella Global Energy, Turbo’s parent company, is developing the wider Pamesa Net Zero project through another subsidiary, IM2 Energía Solar.
Turbo regained compliance with Nasdaq’s minimum stockholders’ equity rule in June after raising about $5 million through a registered direct offering and its at-the-market program. Both diluted existing holders.
Ballard Lands 4.8 MW Siemens Order for Romania’s First Hydrogen Trains
Ballard Power Systems Inc. (TSX: BLDP; Nasdaq: BLDP) announced on October 6 an order from Siemens Mobility for 24 FCrail fuel cell modules, 200 kW each, 4.8 MW in total. They are expected to power 12 Mireo Plus H trains for Romania’s Railway Reform Authority.
It is the largest Mireo Plus H deployment so far and the first outside Germany. The order builds on a multi-year supply commitment between the two companies dating to 2022.
Deliveries are scheduled for 2027 and 2028, with passenger service expected in 2029. Ballard did not disclose the order’s value.
Rail needs the help. Ballard’s rail revenue fell 43% to $4.1 million in the second quarter, even as total revenue rose 15% to $20.6 million. The company ended June with $502.1 million in cash.
Follow-Up: BrenX Starts Construction on 12 MWh Hospital Heat Battery
BrenX Ltd. (Nasdaq: BRNX), covered here in June under its former name Brenmiller Energy, received its building permit and moved into construction on a 12 MWh thermal energy storage system (heat stored in crushed rock and released as steam) at Wolfson Medical Center in Holon, Israel.
The system charges from the grid off-peak and replaces the hospital’s fuel-oil boilers. Construction should take about 12 months, followed by commissioning.
Baran Energy, a Baran Group subsidiary, acquired the system for about $2.3 million plus agreed future profits. Wolfson will pay about $3.7 million over a seven-year service term, with an option to buy the system for about $0.3 million at the end.
BrenX’s market cap is roughly $3 million. It booked zero revenue in the first half of 2026 and an operating loss of $5.97 million, against $5.69 million in cash at June 30.
In September it signed a settlement with the European Investment Bank expected to wipe out about $4.8 million of debt. That only happens after BrenX pays €1.1 million and the bank confirms closing conditions are met. Another €2.9 million comes due if a change of control or certain asset sales are signed or completed within a year of that payment. The bank had already deferred a roughly $1.7 million payment due July 28.
A shelf registration letting BrenX sell new securities went effective on October 2.
TURB, BLDP, BRNX: Forward-Looking FAQ
Turbo has not given a date. The remaining capacity is still in installation or commissioning, and timing at the seven other factories depends on permitting, testing and customer acceptance.
Not on Ballard’s own schedule. Fuel cell deliveries start in 2027 and run into 2028, and with no order value disclosed, the release gives no way to size it against a $4.1 million rail quarter.
No. Baran has agreed to milestone payments of about $2.9 million across Wolfson and the Tempo project combined, but Baran owns the systems after final commissioning. Near-term liquidity depends more on closing the EIB settlement and on any new financing.
Sources
- GlobeNewswire / StockTitan: Turbo Energy Brings 62.5 MWh of Intelligent Energy Storage Online Across Three Industrial Sites, October 6, 2026
- StockTitan: Nasdaq Confirms Turbo Energy’s Compliance With Minimum Stockholders’ Equity Requirement, June 5, 2026
- PR Newswire: Ballard Secures 4.8MW Order from Siemens Mobility to Power Hydrogen Trains in Romania, October 6, 2026
- PR Newswire: Ballard Reports Q2 2026 Results, July 31, 2026
- Newsfile: BrenX Advances Construction of 12 MWh bGen(TM) Thermal Energy Storage System at Wolfson Medical Center, October 5, 2026
- Newsfile: BrenX Reports First Half 2026 Financial Results, September 9, 2026
- Newsfile: BrenX Signs Strategic Settlement with European Investment Bank (EIB), September 15, 2026
- SEC EDGAR: BrenX Ltd. Notice of Effectiveness, Form F-3 (File No. 333-299139), October 2, 2026
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