Disseminated on behalf of PowerBank Corporation.

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We’re barely halfway through its fiscal year, and PowerBank (NASDAQ: SUUN) is already announcing new projects.

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Last week, the company revealed that it signed a lease for a 5 MW AC distributed solar and battery energy storage system (BESS) project in New York, further expanding its footprint in one of the most policy-supportive renewable energy markets in North America.

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While modest in size on a standalone basis, the project is strategically important: it reinforces PowerBank’s execution capability in hybrid solar-plus-storage, a segment increasingly favored by utilities and regulators for its grid-stabilizing benefits.

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While we’ve discussed the New York market in the past, it’s worth reiterating that this remains a tier-one market for distributed energy due to the state’s aggressive clean energy mandates, robust NYSERDA incentive programs, and, of course, strong economics for community solar and storage.

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This particular project is expected to qualify for state incentives as well as federal investment tax credits, improving project-level returns and lowering capital intensity.

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From a portfolio perspective, this project:

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  • Expands PowerBank’s IPP-style asset base
  • Deepens its New York pipeline, a state where scale and permitting experience matter
  • Demonstrates continued progress in solar + storage integration, positioning the company for future grid services revenue (peak shaving, capacity support, resiliency)

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To be sure, hybrid projects like this one tend to command higher long-term value than standalone solar, as storage enhances dispatchability and grid relevance.  These are key factors as penetration of intermittent renewables increases.

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Bottom line: PowerBank continues to execute in high-value markets by methodically building an impressive portfolio of distributed, incentive-backed, cash-flowing assets in jurisdictions with durable policy support.

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Invest accordingly.