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PowerBank Awarded Contract for 1.628 MW Solar Project by SUNY Oneonta
PowerBank announces that it has been awarded a contract by the State University of New York at Oneonta in Oneonta, NY for the development and construction of a 1.628 MW DC ground-mount solar project in a Request for Proposals administered by the New York Power Authority, NYPA. The Contract was awarded to an entity owned by PowerBank's wholly owned U.S. subsidiary, Abundant Solar Power. PowerBank will own and operate the Project once construction is complete. The next milestone for the Project is the receipt of a building permit. Once constructed and operational, the Project is expected to deliver enough energy to power the equivalent of approximately 205 homes annually. The estimated construction value of the Project is $3.58M, and the Project is expected to be eligible for U.S. federal Investment Tax Credits with an estimated value of $1.4M.
PowerBank Enters Fee for Service Development Agreement with Ontario
PowerBank Corporation announces that it has entered into a Fee for Service Development Agreement with 1001634281 Ontario, connected with the Electric Vehicle & Green Energy Advancement Association Canada. Under the Agreement, PowerBank will provide services for the early development of a battery energy storage project opportunity to be submitted under the Independent Electricity System Operator Second Long-term procurement request for proposals. If a contract is granted under the LT2(c2) program, PowerBank will enter into a fee-for-service agreement to bring the contract to the notice-to-proceed stage, which would be achieved upon full permitting. The Company will also have the right of first refusal to be the Engineering, Procurement, and Construction provider for the project, should a contract be granted. PowerBank will also assist 10001634281 Ontario Inc. with exploring a potential 18 MW BESS in Hamilton, Ontario.
PowerBank Appoints Nicole Rusaw as CFO
PowerBank announced the appointment of Nicole Rusaw as CFO, effective immediately. Rusaw succeeds Sam Sun and will oversee the Company's financial strategy as PowerBank continues to scale its North American energy infrastructure platform and expand into new growth areas, including supporting digital infrastructure. Rusaw is a Chartered Professional Accountant and Chartered Accountant (Ontario) and holds a Bachelor of Accounting, Co-op, with First Class Honours from Brock University.
PowerBank Completes Environmental Permitting for Brooklyn Community Solar Project
PowerBank announced that the 6.86 MW Brooklyn ground-mounted community solar project has completed environmental permitting. The Project is now prepared to proceed with construction, which PowerBank expects to begin in the fall of 2026. The Project is owned and funded by AI Renewable Flow-through Fund; PowerBank is the lead developer, earning development revenue with no capital required from PowerBank. The total cost for the development and construction of the Project is expected to be C$14M. It is eligible to receive up to C$2.639M in tax credits through the Clean Technology Investment Tax Credit offered by the Canadian federal government. In August of 2025, the Project received a C$960K grant from Net Zero Atlantic and an additional C$960K grant from the Smart Renewables and Electrification Pathways Program offered by the Government of Canada has been approved. Over the lifetime of the Project, it is expected to generate approximately $3.86M in electricity savings for the local community in Annapolis Valley, Nova Scotia.
PowerBank Supports TriMac with Solar Feasibility Studies
PowerBank is pleased to announce it will be supporting TriMac Engineering of Sydney, Nova Scotia with solar feasibility studies and related technical and development assessments for solar consulting services for the Municipality of the County of Victoria in Nova Scotia. The contract was executed between TriMac and the Municipality on July 8, and PowerBank will be supporting TriMac through a fee for service agreement. The work will involve evaluating municipal buildings and properties across Victoria County to identify suitable solar opportunities and develop an implementation roadmap. The assessment may consider rooftop and ground-mounted solar, depending on the characteristics and feasibility of each property. Potential system sizes will be determined through the feasibility studies based on factors such as available roof or land area, electricity consumption, structural or site constraints, interconnection capacity and project economics. As part of the feasibility and implementation work, the team may evaluate available federal, provincial or utility funding and incentive programs that could support future solar installations identified through the studies.
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