Disseminated on behalf of PowerBank Corporation
This week, PowerBank (NASDAQ: SUUN) quietly announced something that sounds boring on the surface but is actually a big win for the company …
15 of its solar and energy-storage projects in New York have officially reached “safe harbor” before the year-end deadline.
What does that mean?
It means PowerBank just pulled off a move that can lead to more predictable revenue, better financing, lower risk, and a stronger long-term position in the fast-growing clean energy market.
Let me explain.
What “Safe Harbor” Really Means (and Why You Should Care)
Most people hear the phrase “safe harbor” and think it’s some minor paperwork requirement. It’s not.
Under the Inflation Reduction Act (IRA), if a company “safe harbors” a solar or storage project, it locks in eligibility for federal tax credits at today’s rates
This is a huge advantage because tax incentives can change at any time. Safe harbor lets PowerBank “freeze” today’s generous incentives for each of those 15 projects.
For PowerBank, safe harbor means eligibility for access to federal solar tax credits, increased certainty about project economics, protection from future policy changes, cheaper financing, and a more valuable development pipeline.
To be sure, safe harboring one project is nice. Safe harboring fifteen? That’s elite execution.
Of course, PowerBank didn’t accomplish this in a small, low-competition state. It did it in New York – one of the most aggressive, highly incentivized clean-energy markets in the U.S.
New York has:
- A requirement for 70% renewable electricity by 2030
- Billions in incentives
- Strong support for both solar and energy storage
- A competitive environment where only the best developers thrive
Understand, PowerBank didn’t stumble into the state. It targeted it early, learned the market, and has now built a cluster of projects that share resources and lower costs.
Put simply, New York is one of the best places in the country to build distributed solar and storage, and PowerBank now has 15 projects locked in. And these are real projects with real revenue potential, too.
Make no mistake: this isn’t marketing fodder. These 15 projects represent real solar power, real energy storage, real future revenue streams, and real tax credits already secured. And that, dear reader, translates into the potential for:
- long-term, predictable cash flow
- more profit through tax equity
- recurring revenue from operating and maintaining these sites
- a stronger competitive position in a premium market
Now, most renewable energy developers tend to chase big utility-scale projects where everyone else is competing. PowerBank is doing the opposite. It’s focusing on distributed projects, which are typically faster to build and easier to finance. And safe harboring 15 projects can create a powerful multiplier effect:
- Lower risk
- Faster financing
- Higher project valuations
- Long-term recurring cash flow
Worth noting: while many renewable energy companies struggled this year – mostly as a result of supply chain issues, higher interest rates, and slow permitting – PowerBank didn’t shrink back. It moved forward. It executed. And it took steps to lock in fifteen projects under some of the most generous clean energy incentive systems the U.S. has ever offered.
For a young, fast-moving company like PowerBank, this isn’t just another press release. It’s a strong signal, and one you shouldn’t ignore.
You should read and understand this disclaimer in its entirety before joining the website or clicking any links from the publisher of this email (the “Publisher”). The information (collectively the “Advertisement”) disseminated by email, text or other method by the Publisher including this publication is a paid commercial advertisement and should not be relied upon for making an investment decision or any other purpose. The Publisher is engaged in the business of marketing and advertising the securities of publicly traded companies in exchange for compensation. The track record, gains, upside, and/or losses mentioned in the Advertisement, if any, should not be considered as true or accurate or be the basis for an investment. The Publisher does not verify the accuracy or completeness of any information included in the Advertisement.
The Advertisement is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the states or other jurisdictions in which the security is eligible for sale. The Advertisement is not a disclosure document. The Advertisement is only a favorable snapshot of unverified information about the advertised company. An investor considering purchasing the securities should always do so only with the assistance of his legal, tax and investment advisors. Investors should review with his or her investment advisor, tax advisor or attorney, if and to the extent available, any information concerning a potential investment at the web sites of the U.S. Securities and Exchange Commission (the "SEC") at www.sec.gov; the Financial Industry Regulatory Authority (the "FINRA") at www.FINRA.org, and relevant State Securities Administrator website and the OTC Markets website at www.otcmarkets.com. The Publisher cautions investors to read the SEC advisory to investors concerning Internet Stock Fraud at www.sec.gov/consumer/cyberfr.html , as well as related information published by the FINRA on how to invest carefully. Investors are responsible for verifying all information in the Advertisement. As an advertiser, we do not verify any information we publish. The Advertisement should not be considered true or complete.
The Publisher does not offer investment advice or analysis, and the Publisher further urges you to consult your own independent tax, business, financial and investment advisors concerning any investment you make in securities particularly those quoted on the OTC Markets. Investing in securities is highly speculative and carries an extremely high degree of risk. You could lose your entire investment if you invest in any company mentioned in the Advertisement. You acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser and we are not qualified to act as such. You acknowledge that you will consult with your own independent, tax, financial and/or legal advisers regarding any decisions as to any company mentioned here. We have not determined if the Advertisement is accurate, correct or truthful. The Advertisement is compiled from publicly available information, which includes, but is not limited to, no cost online research, magazines, newspapers, reports filed with the SEC or information furnished by way of press releases.
This communication is a paid advertisement. Pareto Publishing Ltd (“Pareto”) has been engaged by PowerBank Corporation (“PowerBank”) to provide marketing and investor awareness services. Pareto receives compensation from PowerBank consisting of $15,000 per month in cash and 34.375 restricted share units per month.
These RSUs represent compensation for investor relations and promotional services and may create an incentive for Pareto to present PowerBank in a favorable light. Pareto and its principals may buy or sell PowerBank securities before, during, or after the marketing period.
The information in this communication is based on publicly available information and materials provided by PowerBank, which Pareto has not independently verified. This communication does not constitute investment advice, an offer to sell, or a solicitation to buy any securities, and is provided for informational purposes only.
Investors should conduct their own due diligence and consult with a licensed financial adviser before making investment decisions.
You are receiving this report/release because you subscribed to receive it at our website or through a third-party site. All our newsletters include an "unsubscribe" link, and you can remove yourself at any time from our newsletters by clicking on that "unsubscribe" link. You can also reply to this message to change your information at any time.
By accepting the Advertisement, you agree and acknowledge that any hyperlinks to the website of (1) a client company, (2) the party issuing or preparing the information for the company, or (3) other information contained in the Advertisement is provided only for your reference and convenience. The advertiser is not responsible for the accuracy or reliability of these external sites, nor is it responsible for the content, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated report/release or any hyperlink, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on the Publisher, and we are not liable for any actions taken by you based on any information contained in any disseminated email or hyperlink.