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PowerBank Shares 2025 Highlights and 2026 Updates

SUUN
  • PowerBank Corporation changed its name from SolarBank Corporation in July 2025 to reflect its evolution from a solar developer to a comprehensive renewable energy & digital infrastructure company.
  • The Company's Independent Power Producer (IPP) strategy generated $9.3 million in fiscal year 2025, a 1,508% increase from $0.6 million in 2024, while total assets grew 253%.
  • In December 2025, PowerBank executed procurement agreements for 15 distributed solar & storage projects in New York totaling 67 MW DC of solar generation & 11 MWh of battery storage, representing $168 million in construction value.
  • The 15 New York projects are expected to remain eligible for $65 million in federal Investment Tax Credits under the One Big Beautiful Bill Act of 2025 & will power approximately 7,500 homes once operational.
  • PowerBank secured 20 MW of leases & Power Purchase Agreements with the New York State Division of Military and Naval Affairs for 20-year terms to sell clean energy to the state & local residents.
  • Multiple community solar & hybrid projects advanced in New York, including facilities in Elmira, a landfill installation, & a 5 MW hybrid facility, contributing to state climate goals.
  • PowerBank's 4.99 MW battery energy storage system in Ontario is expected to reach commercial operation in early 2026, marking its first operating BESS facility in the province.
  • The Company holds significant market share in Nova Scotia's Community Solar Program & maintains a development pipeline exceeding 1 GW across North America.
  • PowerBank identified strategic intent to enter the data center power supply market driven by AI & cloud computing growth, though no transactions have been concluded to date.
  • The Company secured an $8 million USD revolving credit facility with NY Green Bank to fund interconnection deposits for an initial 50 MW portfolio of New York solar & storage projects.
  • In November 2025, PowerBank announced a collaboration with Smartlink AI (Orbit AI) to support solar-powered satellite infrastructure for AI computing in low-Earth orbit.
  • The DeStarlink Genesis-1 satellite launched on December 10, 2025, & was confirmed in January 2026 to be actively running AI models directly in orbit using solar power.
  • The Solar Advocate transaction for three projects valued at $41 million was terminated after the Owner exercised Sell-Back Rights, requiring the return of $4 million USD advanced to PowerBank.
  • PowerBank plans to evaluate future strategies for the returned projects, which could include developing them as owned IPP assets or selling them to a third party.
  • Future remuneration terms for services provided to Orbit AI remain subject to negotiation & have not yet been determined.