PowerBank Corp（PBK）のニュースとイベントPBKPowerBank Corp

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.

PowerBank Signs Lease Agreement for 3.2 MW Solar Project

PowerBank announced it has executed a lease agreement on a 3.2 MW DC ground-mount solar project known as the Scofield project, in Broome County, New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority, or NYSERDA, NY-Sun Program. The Project is progressing well, with an interconnection application already underway. Assuming receipt of interconnection approval, the Company will work to complete the permitting process and secure the necessary financing for the construction of the Project. Once completed, the Project will be operated as a community solar project. Community solar is a group of solar panels with access to the local electricity grid. This Project is expected to remain eligible for the U.S. federal Investment Tax Credits for energy projects under the One Big Beautiful Bill Act of 2025, as physical work began on the Project prior to the July 4, deadline and the physical work is expected to meet the requirements under the IRS Physical Work Test. The Project has a total construction value of approximately $8M and an expected ITC value of approximately $3.2M. Investment Tax Credits have been available for solar projects since 2006, providing a 30% tax credit for commercial solar installations that meet specific requirements, with opportunities for ITC bonus adders. The One Big Beautiful Bill Act, signed into law on July 4, 2025, specifies that the Section 48E Investment Tax Credit for solar facilities will be phased out, and projects which have begun construction on or before July 4, will remain eligible for the tax credits. The Scofield project is a relocation and redesign of the previously announced Boyle Rd. project. Amendment to consulting agreement dated July 1 between the Company and Art Vancouver Productions, pursuant to which Matthew Wayrynen will continue to provide services to the Company as Executive Chair. Pursuant to the Wayrynen Amending Agreement, the monthly fee for the services of Wayrynen will be increased to C$50,000 and is subject to further increase to up to C$100,000 per month upon the Company completing equity or debt financings in an aggregate amount equal to or greater than US$25M. Amendment to consulting agreement between the Company and Light Voltaic dated July 1, pursuant to which Richard Lu will continue to provide services as the CEO of the Company. Pursuant to the Lu Amending Agreement, the monthly fee for the services of Lu will be increased to C$66,875 and is subject to further increase to up to C$100,000 per month upon the Company completing equity or debt financings in an aggregate amount equal to or greater than US$25M. Amendment to the consulting agreement between the Company and The Phoenix Trendz dated July 1 pursuant to which Tracy Zheng will continue to provide services as the Executive Vice President, Corporate Development of the Company. Pursuant to the Zheng Amending Agreement, the monthly fee for the services of Zheng will be increased to C$33,334 and is subject to further increase to up to C$50,000 per month upon the Company completing equity or debt financings in an aggregate amount equal to or greater than $25M. PowerBank also entered into a series of amending agreements with three members of its advisory board and a corporate advisor. The terms of such agreements are for a five-year period. Under the amended terms, each individual advisor will receive a monthly fee of C$50,000, payable in a combination of cash and Common Shares. The corporate advisor continues to receive a monthly fee of $50,000. PowerBank also entered into an amending agreement with its General Counsel. Under the amended terms, its General Counsel will receive a monthly fee of C$50,000, payable in a combination of cash and Common Shares. In addition to the above, the Company has also made grants of restricted share units within the current limits set out in its restricted share unit plan to certain directors, officers, employees and consultants. In addition, the Company will issue a total of 298,804 shares to certain former and current directors and officers of Solar Flow-Through Funds. The issuance of 58,926 shares to Matthew Wayrynen and 58,926 shares indirectly to Frederick Jung, will be considered "related party transactions" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security holders in Special Transactions adopted in the Policy. The securities of the Company that will be acquired by the Related Parties will be acquired pursuant to an exemption from the prospectus requirement in section 2.14 of National Instrument 45-106. The Board of Directors of the Company approved the issuance of these shares with Wayrynen abstaining from voting on the approval of the issuance of his shares. As a result of this transaction Wayrynen and Jung's percentage ownership of common shares of the Company will increase to 1.06% and 0.41%, respectively.