Welcome to our dedicated page for PowerBank news (Ticker: SUUN), a resource for investors and traders seeking the latest updates and insights on PowerBank stock.
PowerBank Corporation (NASDAQ: SUUN) is a North American renewable and clean energy developer and independent power producer active across Canada and the United States. The PowerBank news feed highlights updates on distributed and community solar projects, Battery Energy Storage System (BESS) assets, and related energy infrastructure that the company develops, constructs, and owns for utility, commercial, industrial, municipal, and residential off-takers.
Investors following SUUN news can review announcements on new project leases and site control, interconnection milestones, permitting progress, and commercial operation dates for solar and storage facilities. PowerBank’s releases also describe community solar structures that allow renters, homeowners, and businesses to subscribe to grid-connected solar farms and receive bill credits from their share of the energy generated.
News items frequently cover hybrid solar-plus-storage projects, battery energy storage developments in markets such as Ontario and New York, and rooftop solar projects for commercial real estate owners. The company also publishes transaction updates, including EPC agreements and project sales that support its independent power producer portfolio, as well as financing arrangements designed to fund interconnection deposits and development pipelines.
In addition, PowerBank reports on its collaboration with Smartlink AI (Orbit AI) on orbital AI compute initiatives, where its planned contributions focus on solar energy and thermal control for space-based infrastructure. Together with regular references to risk factors and regulatory considerations, these disclosures provide context for how PowerBank positions itself within the renewable utilities sector. This page aggregates such press releases and related information so readers can track SUUN’s project pipeline, partnerships, and corporate developments over time.
PowerBank (NASDAQ: SUUN) announced its operational 3.79 MW Geddes Solar Power Project in New York received a $1.47 million USD Commercial Operation Payment from NYSERDA's NY-Sun Program on Nov 4, 2025, and is expected to receive an additional $245,000 USD via the Inclusive Community Solar Adder.
The Geddes Project is a community solar installation built on a closed landfill, supplies enough energy for approximately 450 homes annually, and supports New York's goal toward 10 GW of solar by 2030. PowerBank cites >100 MW completed and a development pipeline exceeding 1 GW.
PowerBank (Cboe CA: SUNN) updated development of the 2.6 MW Elmira ground-mount community solar project in Upstate New York, sized to power the equivalent of 325 homes. The Project has secured site plan approval, a special use permit, and received a negative declaration under SEQRA. Subject to receipt of financing, construction could begin before year-end. The Project is expected to be eligible for incentives under NYSERDA NY-Sun and will operate as a community solar array delivering bill credits to subscribers.
PowerBank cites a development track record of >100 MW completed and a >1 GW pipeline and warns the Project remains subject to permits, contracts, financing and policy risks.
PowerBank (NASDAQ: SUUN) outlined its strategic intent to pursue data center power supply, storage, and development on Oct 23, 2025. The release cites a 2024 data center market of USD 242.72 billion projected to USD 584.86 billion in 2025 and notes expected U.S. cumulative new power demand of 450 GW by 2030. PowerBank reports >100 MW completed projects and a development pipeline exceeding 1 GW, but currently has no secured data center projects and is evaluating opportunities subject to site, permitting, contracts, financing and policy risks.
PowerBank (NASDAQ: SUUN) completed the 5.9 MW Manlius community solar project in Manlius, Onondaga, New York, a USD 11.35 million development that repurposed a closed landfill.
The site produced enough electricity in its first year to power approximately 737 homes and is receiving incentives under the NYSERDA NY-Sun Program. PowerBank says it has over 100 MW of completed projects and a development pipeline exceeding 1 GW.
PowerBank (Nasdaq: SUUN) executed a lease for a 1.76 MW DC ground-mount community solar project in Upstate New York called the Hemlock Hill project on October 16, 2025. The project is expected to seek incentives under the NYSERDA NY-Sun Program and the company has begun the interconnection application and preliminary screening.
PowerBank said it will pursue permitting and third-party financing if interconnection approval is received. The company cited its development track record of 100 MW completed and a pipeline > 1 GW. The release notes development risks including contracts, interconnection, permits, financing and potential policy/incentive changes.
PowerBank (NASDAQ: SUUN) executed lease and long‑term 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 projects on DMNA land.
The portfolio is ~19 MW of solar PV plus 1 MW / 2 MWh battery energy storage, includes behind‑the‑meter and community solar sites, and carries initial PPA terms of 20 years. PowerBank was selected through a competitive New York Power Authority process. Construction is expected to start by the end of 2025. Projects are eligible for NYSUN/NYSERDA incentives and remain subject to interconnection, permits, financing and policy risks.
PowerBank (NASDAQ: SUUN) executed a lease for a 6.9 MW DC ground‑mount solar project (NY‑Crawford Rd) in the Capital District, New York, intended as a community solar installation able to power the equivalent of ~800 homes. The project is expected to be eligible for NYSERDA NY‑Sun incentives; interconnection application and preliminary screening are underway. Next steps include securing interconnection approval, permits and third‑party construction financing. PowerBank cites >100 MW completed projects and a development pipeline exceeding 1 GW.
Risks include interconnection, permits, financing and potential changes to incentive policy.
PowerBank (NASDAQ: SUUN) reported mixed financial results for fiscal year 2025. Total revenue decreased 29% to $41.5 million, though IPP (Independent Power Producer) revenues surged 1,508% to $9.3 million. The company posted a net loss of $31.1 million, including a non-recurring impairment loss of $30.4 million.
Key strategic developments include the acquisition of Solar Flow-Through Funds Ltd. (SFF) with 29 MW of operating assets and a mandate letter with CIM Group for up to US$100 million in project financing. The company's development pipeline includes 942 MW of solar PV projects and 864 MWh of battery storage projects.
PowerBank is experiencing permitting delays in key BESS projects in Ontario and is working to resolve these challenges while maintaining its strategic focus on growing its IPP asset base for long-term recurring revenues.
PowerBank (NASDAQ: SUUN) has partnered with Intellistake Technologies as a closed beta partner for the development of IntelliScope, an enterprise AI suite. The collaboration focuses on developing AI agents specifically for the energy sector, with capabilities including analyzing geological and environmental data for renewable projects, monitoring regulatory changes, and generating intelligence summaries.
The beta testing phase involves a scoping exercise to understand PowerBank's needs, followed by the development of a customized user interface. The AI suite aims to improve workflow efficiency while ensuring transparent, traceable decision-making through decentralized AI infrastructure. PowerBank serves solely as a beta testing partner without ownership interest in IntelliScope.
PowerBank (NASDAQ: SUUN) has provided an update on three Community Solar projects in Nova Scotia, located in Sydney, Brooklyn, and West Petpeswick. The projects, totaling 12.4 MW DC, are expected to receive interconnection results within 30 days, with construction potentially starting in Spring 2026.
The projects will generate 14,369 MWh of clean energy annually, powering the equivalent of 1,140 homes and reducing CO2 emissions by approximately 10,058 tonnes. Over their lifetime, the projects are expected to generate up to $6.95 Million in electricity savings for local communities, offering subscribers bill credits of $0.02/kWh.
These initiatives are part of Nova Scotia's commitment to achieve 80% renewable energy by 2030 and represent one of only four community solar contracts awarded under the program.