PowerBank Corporation Secures 20 MW Solar and Storage Project Portfolio with New York State Military Division

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) has executed lease and power purchase agreements with the New York State Division of Military and Naval Affairs to develop a 20 MW DC portfolio of solar and battery storage projects across multiple Army National Guard facilities. The portfolio, selected through a competitive process led by the New York Power Authority, represents a significant step forward in military energy resilience and clean energy adoption.

The comprehensive project portfolio includes ground mount, rooftop, and parking canopy systems, comprising approximately 19 MW of solar generation capacity and 1 MW/2 MWh of battery storage. This diversified approach to renewable energy infrastructure demonstrates how multiple installation methods can be combined to maximize energy production while utilizing available space efficiently. The strategic combination of solar generation with battery storage ensures reliable power availability even during grid disruptions, a critical consideration for military operations.

Construction is scheduled to begin by the end of 2025, with PowerBank's U.S. subsidiary, Abundant Solar Power, leading both development and financing efforts. This timeline reflects the careful planning and regulatory compliance required for military facility projects while ensuring timely implementation of clean energy solutions. The project directly supports DMNA's multi-faceted objectives of enhancing operational resilience, advancing climate goals, and achieving significant cost savings through reduced energy expenditures.

For investors and industry observers, this announcement underscores PowerBank's growing presence in the distributed energy market and its ability to secure substantial government contracts. The company's development pipeline of over one gigawatt and its track record of developing renewable energy projects with a combined capacity of over 100 megawatts positions it as an established player in the North American renewable energy sector. Additional information about the company's forward-looking statements can be found at https://ibn.fm/8xKD1.

The broader implications of this project extend beyond immediate military applications, serving as a model for how government facilities can transition to renewable energy while maintaining operational reliability. As states increasingly prioritize clean energy mandates and resilience planning, projects like this demonstrate the practical implementation of distributed energy resources at scale. The integration of solar with storage at military facilities represents a strategic approach to energy security that could influence similar deployments across other critical infrastructure sectors.