PowerBank's 3.79 MW Geddes Solar Project Goes Live, Powering New Bitcoin Treasury Strategy
PowerBank Corporation (NASDAQ: SUUN) has announced the successful launch of its largest U.S. asset, the 3.79 MW Geddes Solar Power Project in New York State. The project, built on a repurposed landfill, can power approximately 450 homes annually with clean, renewable energy.
In a strategic move, PowerBank is implementing a novel Bitcoin treasury strategy, where net cash flows from the Geddes project will be allocated to Bitcoin purchases, marking a dual-track approach combining renewable energy with digital asset investment. The company plans to potentially expand this strategy across other projects in its Independent Power Producer portfolio.
The project is operated in partnership with Solar Simplified, which manages customer-facing activities for community solar projects, ensuring full subscription and maximized revenue from day one.
PowerBank Corporation (NASDAQ: SUUN) ha annunciato il successo del lancio del suo più grande asset negli Stati Uniti, il progetto solare Geddes da 3,79 MW nello Stato di New York. Il progetto, realizzato su una discarica riqualificata, può fornire energia pulita e rinnovabile a circa 450 abitazioni all'anno.
In una mossa strategica, PowerBank sta adottando una nuova strategia di tesoreria in Bitcoin, dove i flussi di cassa netti derivanti dal progetto Geddes saranno destinati all'acquisto di Bitcoin, segnando un approccio doppio che combina energia rinnovabile e investimento in asset digitali. L'azienda prevede di estendere questa strategia anche ad altri progetti del suo portafoglio di produttori indipendenti di energia.
Il progetto è gestito in collaborazione con Solar Simplified, che si occupa delle attività di relazione con i clienti per i progetti di energia solare comunitaria, garantendo la piena sottoscrizione e la massimizzazione dei ricavi fin dal primo giorno.
PowerBank Corporation (NASDAQ: SUUN) ha anunciado el exitoso lanzamiento de su mayor activo en EE.UU., el Proyecto Solar Geddes de 3,79 MW en el estado de Nueva York. El proyecto, construido sobre un vertedero reutilizado, puede suministrar energía limpia y renovable a aproximadamente 450 hogares anualmente.
En un movimiento estratégico, PowerBank está implementando una novedosa estrategia de tesorería en Bitcoin, donde los flujos netos de efectivo del proyecto Geddes se destinarán a la compra de Bitcoin, marcando un enfoque dual que combina energía renovable con inversión en activos digitales. La empresa planea posiblemente expandir esta estrategia a otros proyectos en su cartera de Productores Independientes de Energía.
El proyecto se opera en asociación con Solar Simplified, que gestiona las actividades de atención al cliente para proyectos solares comunitarios, asegurando la suscripción completa y la maximización de ingresos desde el primer día.
PowerBank Corporation (NASDAQ: SUUN)은 미국 내 최대 자산인 3.79 MW Geddes 태양광 발전 프로젝트를 뉴욕 주에서 성공적으로 출시했다고 발표했습니다. 이 프로젝트는 재활용된 매립지에 건설되어 연간 약 450가구에 청정 재생 에너지를 공급할 수 있습니다.
전략적 조치로서 PowerBank는 Geddes 프로젝트의 순현금 흐름을 비트코인 구매에 할당하는 새로운 비트코인 재무 전략을 도입하여 재생 에너지와 디지털 자산 투자를 결합한 이중 경로 접근 방식을 취하고 있습니다. 회사는 이 전략을 독립 발전 사업자 포트폴리오 내 다른 프로젝트로 확장할 계획입니다.
이 프로젝트는 커뮤니티 태양광 프로젝트의 고객 대면 활동을 관리하는 Solar Simplified와 협력하여 운영되며, 첫날부터 전액 구독과 수익 극대화를 보장합니다.
PowerBank Corporation (NASDAQ : SUUN) a annoncé le lancement réussi de son plus grand actif aux États-Unis, le projet solaire Geddes de 3,79 MW dans l'État de New York. Ce projet, construit sur une décharge réhabilitée, peut alimenter environ 450 foyers par an avec une énergie propre et renouvelable.
Dans un mouvement stratégique, PowerBank met en œuvre une nouvelle stratégie de trésorerie en Bitcoin, où les flux de trésorerie nets du projet Geddes seront alloués à des achats de Bitcoin, marquant une approche à double voie combinant énergie renouvelable et investissement dans les actifs numériques. L'entreprise envisage potentiellement d'étendre cette stratégie à d'autres projets de son portefeuille de producteurs indépendants d'énergie.
Le projet est exploité en partenariat avec Solar Simplified, qui gère les activités en contact avec les clients pour les projets solaires communautaires, assurant une souscription complète et une maximisation des revenus dès le premier jour.
PowerBank Corporation (NASDAQ: SUUN) hat den erfolgreichen Start seines größten US-Vermögenswerts, des 3,79 MW Geddes Solarprojekts im Bundesstaat New York, bekannt gegeben. Das Projekt, das auf einer rekultivierten Deponie errichtet wurde, kann jährlich etwa 450 Haushalte mit sauberer, erneuerbarer Energie versorgen.
In einem strategischen Schritt implementiert PowerBank eine neuartige Bitcoin-Treasury-Strategie, bei der die Nettocashflows aus dem Geddes-Projekt für den Kauf von Bitcoin verwendet werden, was einen dualen Ansatz darstellt, der erneuerbare Energien mit Investitionen in digitale Vermögenswerte kombiniert. Das Unternehmen plant, diese Strategie möglicherweise auf weitere Projekte in seinem Independent Power Producer-Portfolio auszuweiten.
Das Projekt wird in Partnerschaft mit Solar Simplified betrieben, das die kundenorientierten Aktivitäten für Gemeinschaftssolarprojekte verwaltet und so von Anfang an eine volle Auslastung und maximale Einnahmen sicherstellt.
- Launch of largest U.S. asset - 3.79 MW Geddes Solar Power Project
- Innovative dual-track strategy combining solar energy with Bitcoin investment
- Transformation of underutilized landfill into productive renewable energy asset
- Partnership with Solar Simplified ensures full project subscription and maximized revenue
- Potential for strategy expansion across additional solar and battery projects
- Bitcoin investment strategy introduces cryptocurrency market volatility risks
- No Bitcoin purchases made yet, implementation timeline uncertain
- Custody and security frameworks still under evaluation
Insights
PowerBank's largest US solar project now powers Bitcoin treasury strategy, signaling innovative but speculative approach to reinvesting operational cash flows.
PowerBank has launched its 3.79 MW Geddes Solar Project in New York with an unconventional twist - using the project's net cash flows to purchase Bitcoin as part of a new treasury strategy. This represents both an operational milestone as their largest US asset and a significant strategic pivot into digital assets.
The company positions this as a "dual-track strategy" that combines renewable energy with cryptocurrency investment. By converting project earnings into Bitcoin holdings, PowerBank is essentially betting that Bitcoin will provide "non-correlated, asymmetric upside" compared to traditional cash reserves.
From a financial perspective, this approach creates an interesting risk-reward profile. The solar project itself offers predictable cash flows from selling renewable energy to the local grid, potentially powering around 450 homes annually. However, redirecting those stable earnings into Bitcoin introduces considerable volatility and speculation into what would otherwise be a relatively conservative infrastructure business model.
The press release notes several guardrails: Bitcoin purchases will only use excess cash after meeting all capital expenditures, debt service, and operational requirements. No purchases have been made yet, and custody solutions are still being evaluated. Management maintains discretion over allocation timing and amounts.
By building on a repurposed landfill site, the project demonstrates environmental benefits beyond clean energy generation. However, investors should carefully weigh whether PowerBank's Bitcoin strategy represents financial innovation or an unnecessary risk layer on an otherwise solid renewable energy business.
More than a milestone in renewable energy, this project marks the official launch of PowerBank's Bitcoin treasury strategy.
"This is a pivotal moment for PowerBank," said Dr. Richard Lu, President and CEO. "Geddes isn't just our largest
A Strategic Inflection Point – Energy + Bitcoin:
- Pioneering Treasury Strategy. Geddes is the first of potentially several PowerBank projects to support a digital asset reserve model, giving the Company exposure to Bitcoin as a non-correlated, asymmetric upside asset.
- Financial Flexibility. This approach allows PowerBank to retain earnings from high-performance assets like Geddes in a store of value with long-term appreciation potential.
- Environmental Transformation. By converting a capped landfill into a clean power station, PowerBank demonstrates how sustainability and innovation can converge for long-term value creation.
- Scalability. The Company is actively assessing expansion of this Bitcoin treasury strategy across additional solar and battery energy storage projects in its IPP (Independent Power Producer) portfolio.
The Geddes Solar Power Operation
Built on a repurposed landfill, the Geddes Project now delivers 3.79 MW of clean, renewable energy — enough to power approximately 450 homes annually — while transforming an underutilized site into a productive asset. But its value extends beyond green power.
Net cash flows from the project will be allocated, at management's discretion, to the acquisition of Bitcoin, creating a hybrid strategy that blends energy generation with strategic digital asset investment.
- Capacity: 3.79 MW DC
- Type: Utility-scale ground-mounted solar
- Location: Former landfill site in Geddes,
New York - Off-take: Local grid, supporting community energy needs
- Impact: Powers approximately 450 homes annually
Solar Simplified handles all customer-facing activities for the Company's community solar projects, allowing it to focus on developing and expanding its renewable energy portfolio. Solar Simplified's expertise in acquisition, enrollment, and management ensures full project subscription and maximized revenue from day one. With a business model that aligns seamlessly with the Company's, this partnership drives sustainable growth, enabling the Company to accelerate development, bring more projects online each year, and create greater value for its business and the communities served by the Company.
Additional Information: Bitcoin purchases will be funded through excess cash generated by the Geddes Project, after meeting all capital expenditures, debt service obligations, and operational requirements. Timing, size, and frequency of purchases will be determined by market conditions, Bitcoin pricing, cash needs, and regulatory factors. No Bitcoin has been purchased as of the date of this release. Custody and security frameworks are currently under evaluation and will be finalized prior to any acquisitions.
About PowerBank Corporation
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in
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
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. In particular and without limitation, this news release contains forward-looking statements pertaining to the Company's expectations regarding its industry trends and overall market growth; the Company's intention with respect to its Bitcoin treasury strategy, and the size of the Company's development pipeline. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and services offered by the Company's competitors; that the Company's current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.
Whether actual results, performance or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under "Forward-Looking Statements" and "Risk Factors" in the Company's most recently completed Annual Information Form, and other public filings of the Company, which include: risks inherent with investing in Bitcoin, including Bitcoin's volatility; the risks of implementing a new treasury diversification strategy; the Company may be adversely affected by volatile solar power market and industry conditions; the execution of the Company's growth strategy depends upon the continued availability of third-party financing arrangements; the Company's future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company's project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements ("PPAs") and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company's effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company's results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation; unexpected warranty expenses that may not be adequately covered by the Company's insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any future global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
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SOURCE SolarBank Corporation
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