PowerBank Advances 3.15 MW Project in New York, With Capacity to Power 393 Homes

Core Insights - PowerBank Corporation has received major permitting approvals for its 3.15 MW DC hybrid solar plus energy storage project in Buffalo, New York, allowing it to proceed to the Zoning Board of Appeals for an Area Variance [1][2] Project Details - The project will include 1.2 MWh of energy storage and will operate as a community solar project, enabling renters, businesses, and homeowners to subscribe and receive bill credits without needing on-site installations [2] - Upon securing final permits and financing, construction will commence, contributing to New York's clean energy transition by feeding clean energy directly into the local grid [2] Financial Incentives - The project is expected to qualify for financial incentives through NYSERDA's NY-Sun and Retail Energy Storage Incentive Programs, as well as federal investment tax credits under the One Big Beautiful Bill Act of 2025 [3] Company Expertise - 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] Industry Impact - The project supports New York's goal of achieving 10 GW of distributed solar and 6 GW of energy storage by 2030, with New York leading the U.S. in community solar capacity [5]