PowerBank Corporation Rebrands to Reflect Expanded Clean Energy Portfolio and Growth Strategy

PowerBank Corporation, formerly known as SolarBank Corporation, has announced a strategic rebranding to better represent its expanded focus beyond solar energy to encompass a wider range of clean energy solutions. This change, effective July 28, 2025, and approved by shareholders, underscores the company's evolution into a diversified clean energy infrastructure platform. Trading under the same stock tickers (NASDAQ: SUUN, Cboe CA: SUNN, FSE: 103), PowerBank aims to solidify its market position as a leader in renewable energy, including solar and battery storage projects across the U.S. and Canada.

The company's rebranding comes at a time when it holds a project pipeline exceeding one gigawatt and a built project base of 100 MW, signaling robust growth and scalability in the renewable energy sector. A recent $100 million financing agreement with CIM Group is set to further accelerate the construction of U.S. projects, enhancing PowerBank's capacity to meet the growing demand for clean energy solutions. This financial backing, combined with favorable U.S. tax incentives and Canadian contract programs, positions PowerBank for stable growth and increased investor appeal.

PowerBank's strategic shift reflects the broader trends in the energy sector towards diversification and sustainability. By expanding its portfolio to include battery storage alongside solar, the company is addressing the critical need for energy storage solutions that complement renewable energy generation. This move not only aligns with global efforts to combat climate change but also opens up new avenues for revenue and partnerships in the rapidly evolving energy landscape.

For investors and stakeholders, the name change to PowerBank Corporation is more than a rebranding; it's a signal of the company's commitment to leading the transition to a sustainable energy future. With a strong project pipeline, significant financial backing, and a clear strategic direction, PowerBank is well-positioned to capitalize on the opportunities presented by the global shift towards clean energy. More information about PowerBank's initiatives and updates can be found in the company's newsroom at https://ibn.fm/SUUN.