Turbo Energy granted electric vehicle charging patent from USPTO

Turbo Energy (TURB) announced that the United States Patent and Trademark Office, or USPTO, has granted the company U.S. Patent No. 12,503,000 B2, protecting its advanced optimization procedure and system designed to optimize electric vehicle charging in residential solar energy installations with battery storage. The patented technology strengthens Turbo Energy’s positioning in the rapidly expanding U.S. residential EV charging market, which the company estimates could exceed $12.5B annually by the end of the decade, based on company estimates derived from publicly available projections from the U.S. Department of Energy and the National Renewable Energy Laboratory, and electricity price data from the U.S. Energy Information Administration. The patent arrives at a pivotal moment for the residential energy sector, as the electrification of transportation rapidly shifts electricity demand from public infrastructure into the home.