Group 1 - Riven has commenced construction on a new manufacturing plant in Social Circle, Georgia, aimed at producing the next generation R2 SUV and R3 crossover [1] - Vehicle production is scheduled to begin in 2028, with an anticipated annual capacity of up to 400,000 vehicles [2] - Hilleion's Carno power module has been classified by the EPA as not being an internal combustion engine, which means it will only need to meet local air permitting requirements for power generation [2] Group 2 - Wallbox has launched a large-scale EV charging park at Munich airport, installing 275 chargers as part of the airport's long-term e-mobility strategy [3] - The new charging model features advanced connectivity, modular design, and dynamic load management for efficient charging at high-traffic commercial sites [3] - Power bank is advancing three community solar projects in Nova Scotia, with interconnection results expected within 30 days and construction planned for spring 2026, representing about 12.4% of 4 megawatts of DC power [3][4] Group 3 - The community solar projects in Nova Scotia are among only four awarded under the program aimed at achieving 80% renewable energy by 2030 and net zero by 2035 [4]

Accessibility StatementSkip Navigation TORONTO, Sept. 17, 2025 /PRNewswire/ - PowerBank Corporation (NASDAQ: SUUN) (CBOE CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to share a progress update for the three Community Solar projects in Nova Scotia. These projects located in Sydney, Brooklyn, and West Petpeswick (the "Projects") are all expected to receive interconnection results within the next 30 days. If t ...

Core Insights - PowerBank Corporation has announced the progression of its 3.16 MW Honesdale ground-mount solar project in Pennsylvania, which is expected to power 370 homes [1][2] - The project aligns with PowerBank's strategic focus on community solar, aiming to provide clean and affordable energy to a diverse range of residents [2][4] - The development is contingent upon the approval of House Bill 1842, which facilitates community solar projects in Pennsylvania [3][4] Company Overview - PowerBank Corporation is an independent renewable energy project developer focusing on distributed and community solar projects in North America [6] - The company has completed over 100 MW of projects and has a development pipeline exceeding 1 GW [4][6] - PowerBank aims to maximize returns through a diverse portfolio of projects, including utility-scale and community solar initiatives [6] Legislative Context - House Bill 1842, passed by the Pennsylvania House, enables the development of community solar projects, which is crucial for PowerBank's expansion in the region [3] - The bill is currently under review by the Senate, and its final approval is necessary for the project's advancement [3] Market Position - PowerBank's expertise and strategic partnerships position it to deliver reliable renewable energy solutions [4] - The company is focused on maximizing the impact of its projects through institutional-grade development capabilities [4]

Core Insights - PowerBank Corporation has announced the completion of the Coordinated Electric System Interconnection Review for its 5.7 MW North Main St solar project in upstate New York, allowing it to proceed to the permitting phase [1][3] Project Details - The North Main St project is expected to qualify for New York's Value of Distributed Energy Resources (VDER) compensation mechanism, with an estimated first-year average rate of US$0.0971 per kWh, ensuring fair compensation for the clean energy delivered to the grid [2] - Once permits and financing are secured, construction will begin, and the project will operate as a community solar initiative, allowing renters, businesses, and homeowners to subscribe and receive bill credits without needing on-site installations [3] Company Expertise and Capacity - PowerBank has a proven track record with over 100 MW of completed projects and a development pipeline exceeding 1 GW, positioning the company to deliver reliable renewable energy solutions [4] - The North Main St project contributes to New York's Climate Leadership and Community Protection Act goal of achieving 6 GW of solar capacity by 2025, with New York accounting for nearly one-third of the U.S.'s 6.2 GW of installed solar capacity [5] Company Overview - PowerBank Corporation focuses on distributed and community solar projects in North America, developing solar, Battery Energy Storage Systems (BESS), and EV Charging projects that sell electricity to various off-takers [7] - The company aims to maximize returns through a diverse portfolio across multiple leading North American markets, with a potential development pipeline of over 1 GW [7]

Company Overview - PowerBank Corporation is an independent renewable and clean energy project developer focusing on distributed and community solar projects in Canada and the USA, with over 100 MW of completed projects and a development pipeline exceeding 1 GW [5][6] - The company has extensive experience in solar development and operations, including community solar, commercial and industrial installations, and government-led initiatives [4] Project Funding and Development - PowerBank has received $1.74 million in funding for three Community Solar projects in Nova Scotia, which will generate a total of 12.4 MW DC [1][3] - The funding allocation includes $340k for the Sydney Solar Project, $440k for the Petpeswick Solar Project, and $960k for the Brooklyn Solar Project [3] - The projects are 48% owned by AI Renewable Flow-through Fund and 52% owned by a non-profit organization or Potlotek First Nation, with PowerBank acting as the lead developer and builder [3] Community Solar Program - The Nova Scotia Community Solar Program is the first of its kind in Canada, aiming to support the province's commitment to 80% renewable energy by 2030 and achieving a net-zero electricity grid by 2035 [4] - The program plans to add 100 MW of solar generation to the grid, helping to reduce reliance on fossil fuels and promote local economic growth [4] - Community solar projects allow renters and homeowners to earn credits on their electric bills and save $0.02/kWh from the electricity generated, enabling access to renewable energy without the need for personal installations [4] Strategic Partnerships - PowerBank will collaborate with Trimac Engineering, a trusted local engineering firm in Nova Scotia, to deliver the Community Solar projects [3] - The company has a proven track record in community solar development in the United States, having completed over 50 MW of such projects [3] Industry Context - Net Zero Atlantic is a key research organization supporting the energy transition in Atlantic Canada, aiming for a carbon-neutral region by 2050 [2] - The funding from Net Zero Atlantic is crucial for the development of sustainable solar projects in Nova Scotia, contributing to the province's renewable energy goals [4]

Core Insights - PowerBank Corporation has launched its largest U.S. asset, the 3.79 MW Geddes Solar Power Project in New York, which is now fully operational and marks the beginning of its Bitcoin treasury strategy [1][2][3] Group 1: Project Overview - The Geddes Solar Power Project generates 3.79 MW of clean energy, sufficient to power approximately 450 homes annually, and is built on a repurposed landfill [3][8] - The project will generate net cash flows that will be allocated to Bitcoin acquisitions, creating a hybrid strategy that combines energy generation with digital asset investment [3][5] Group 2: Strategic Implications - The launch of the Geddes Project represents a strategic inflection point for PowerBank, integrating clean energy leadership with financial innovation through Bitcoin investments [2][7] - The company aims to enhance the value of its operating assets by using cash generated from the Geddes Project to invest in Bitcoin, aligning with a future-focused monetary reserve model [2][7] Group 3: Operational and Financial Strategy - PowerBank will fund Bitcoin purchases through excess cash generated by the Geddes Project after fulfilling capital expenditures, debt service obligations, and operational needs [5] - The timing, size, and frequency of Bitcoin purchases will depend on market conditions, Bitcoin pricing, cash needs, and regulatory factors [5] Group 4: Company Profile - PowerBank Corporation is an independent renewable energy project developer focusing on distributed and community solar projects in North America, with over 100 MW of completed projects and a development pipeline exceeding 1 GW [6][9] - The company is positioned as a high-growth player in the renewable energy sector, actively assessing the expansion of its Bitcoin treasury strategy across additional solar and battery energy storage projects [6][7]

Core Viewpoint - SolarBank Corporation is changing its name to PowerBank Corporation to better reflect its strategic focus on providing power solutions that extend beyond solar energy, aligning with the growing digital economy [1] Group 1: Name Change Details - The name change will take effect on July 28, 2025, with common shares trading under the new name from that date [2] - The name change does not involve a consolidation of share capital, and shareholders will not need to exchange existing share certificates [3] - The name change was approved by shareholders at a special meeting on July 23, 2025 [4] Group 2: Company Overview - PowerBank Corporation focuses on renewable and clean energy project development, particularly in distributed and community solar projects across Canada and the USA [5] - The company has a development pipeline exceeding one gigawatt and has completed renewable energy projects with a total capacity of over 100 megawatts [5]

Core Insights - SolarBank Corporation is developing a 2.4 MW DC community solar project in Nova Scotia, named the Sydney project, which will generate approximately 2,730 MWh of clean energy annually, enough to power 221 homes and reduce CO2 emissions by about 1,900 tons per year [1][5][14] - The project has an estimated value of $4.57 million and is expected to provide over $1.36 million in electricity savings for local residents over its lifetime [2][4][14] - The Sydney project is part of Nova Scotia's initiative to achieve 80% renewable energy by 2030 and net-zero emissions by 2035, contributing to local economic development and job creation [5][9] Project Details - The Sydney project is owned by AI Renewable Flow-through Fund, with SolarBank as the lead developer and builder, partnering with Trimac Engineering for execution [2][3] - Construction is expected to begin in Spring 2026, with permits secured and interconnection underway, allowing for near-term EPC revenue generation [3][7] - The project will leverage SolarBank's extensive experience in community solar development, having completed over 50 MW of projects in the United States [2][7] Economic and Environmental Impact - The project will create local jobs and support the Province of Nova Scotia's net-zero goals, aligning with government incentives for community solar initiatives [4][5] - Community solar allows renters and homeowners to participate in solar energy without the need for rooftop installations, providing bill credits and savings of $0.02 per kWh [6][9] - The investment in local clean energy infrastructure is part of a broader strategy to reduce reliance on fossil fuels and enhance energy security in Nova Scotia [5][14]

Core Viewpoint - SolarBank Corporation is renewing its at-the-market equity program to raise up to US$15 million for business objectives and general corporate purposes following the expiration of its previous prospectus [1][2]. Group 1: ATM Program Details - The ATM Program allows the company to issue common shares with an aggregate offering price of up to US$15 million, which will be sold at prevailing market prices through designated agents [2][3]. - The company is not obligated to sell any shares under the ATM Program, and the timing and number of shares sold will depend on various factors [1][3]. Group 2: Use of Proceeds - The net proceeds from any sales under the ATM Program will be used for advancing business objectives, funding ongoing operations, repaying debt, discretionary capital programs, and potential future acquisitions [2]. Group 3: Distribution Agreement - The company has entered into a distribution agreement with H.C. Wainwright & Co., LLC and Research Capital Corporation, which includes a commission of up to 3.0% on gross offering proceeds from each sale [4]. - The distribution will occur in compliance with Canadian and U.S. securities regulations [5]. Group 4: Company Overview - SolarBank Corporation focuses on renewable and clean energy project development, particularly in distributed and community solar projects across Canada and the USA [8]. - The company has a development pipeline exceeding one gigawatt and has completed projects with a combined capacity of over 100 megawatts [8].

Core Insights - SolarBank Corporation is implementing a Bitcoin treasury strategy by allocating net cash from its Geddes Solar Power Project to acquire Bitcoin, positioning itself as a pioneer in the renewable energy sector adopting this strategy [1][4][7] - The Geddes Project has a designed capacity of 3.79 megawatts (MW) DC and is repurposing a closed landfill, addressing clean energy needs and transforming contaminated sites [3][8] - The company has a development pipeline exceeding 1 gigawatt, indicating significant growth potential beyond its current operational capacity of over 32 MW [3][10] Company Strategy - The Bitcoin treasury strategy will be evaluated for extension to other solar and battery energy storage projects, enhancing the company's asset base as an independent power producer [2] - The allocation strategy for Bitcoin purchases will depend on net cash generated after operational costs and market conditions, with no Bitcoin purchases made as of the announcement date [5][8] Market Position - SolarBank is among the first renewable energy companies to adopt a Bitcoin treasury strategy, joining other corporations in this innovative approach [7] - The company is capitalizing on growing institutional adoption of Bitcoin and increasing demand for distributed solar and battery storage solutions [9] Financial Model - The Geddes Project is expected to generate revenue starting in June 2025, with a portion of net revenue allocated to Bitcoin purchases based on market conditions [3][8] - This model creates dual value streams: stable energy revenue and digital asset holdings, enhancing the company's financial resilience [8]