PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Secures 20 MW Solar and Storage Project Portfolio with New York State DMNA

Barchart·10/15/2025 13:06:05

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Austin, Texas, United States, October 14th, 2025, FinanceWire

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Disseminated on behalf of PowerBank Corporation

PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) announced it has executed lease and power purchase agreements with the New York State Division of Military and Naval Affairs (DMNA) to develop a 20 MW DC portfolio of solar and battery storage projects across multiple Army National Guard facilities. Selected through a competitive process led by the New York Power Authority, the portfolio includes ground mount, rooftop, and parking canopy systems—approximately 19 MW of solar and 1 MW/2 MWh of storage—to support DMNA’s resiliency, climate, and cost-saving goals. Construction is expected to begin by the end of 2025, with PowerBank’s U.S. subsidiary, Abundant Solar Power, leading development and financing efforts.

To view the full press release, visit https://ibn.fm/Rl6Ka

About PowerBank

PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.

To learn more about PowerBank, please visit www.powerbankcorp.com.

This report contains forward-looking information. Please refer to https://ibn.fm/8xKD1 for additional details.

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The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN

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