SolarBank Corp(US:SUUN) Prnewswireยท2025-04-09 12:30Core Viewpoint - SolarBank Corporation is expanding into the data center market and has appointed Jonathan Martone as an advisor to support this strategic initiative [1][2]. Company Overview - SolarBank Corporation is an independent renewable and clean energy project developer focusing on distributed and community solar projects in Canada and the USA [6]. - The company has developed renewable and clean energy projects with a combined capacity of over 100 megawatts and has a potential development pipeline of over one gigawatt [6]. Strategic Expansion - The company announced its strategic expansion into the data center market in November 2024 and has been evaluating potential data center opportunities since then [2]. - Jonathan Martone will assist in evaluating various potential opportunities and introducing new ones, leveraging his extensive experience in the data center and telecommunications industries [2][3]. Advisor's Expertise - Jonathan Martone has over 25 years of experience in the data center and telecommunications industries and has worked with private equity firms and data center operators to identify new sites [3][4]. - His specialties include site selection, utility work, and ensuring the availability of necessary infrastructure for data center operations [3][4]. Market Context - The demand for data centers is driven by the growth of data-hungry artificial intelligence deployments, which SolarBank aims to support through its expansion [2].