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

PowerBank Corporation (NASDAQ: SUUN) 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 renewable energy adoption.

The comprehensive project 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 strategic combination addresses multiple objectives for the DMNA, including enhanced energy security, climate action commitments, and substantial cost savings through long-term predictable energy pricing. 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 partnership demonstrates the growing intersection between renewable energy development and national security infrastructure. Military facilities represent critical assets requiring uninterrupted power supply, and the integration of solar generation with battery storage provides a resilient energy solution that can operate independently during grid disruptions. The distributed nature of these installations across multiple National Guard facilities further enhances regional energy security while supporting New York's ambitious climate goals under the Climate Leadership and Community Protection Act.

The project portfolio aligns with broader trends in both the renewable energy and defense sectors. For PowerBank, this represents continued expansion of their distributed and community solar project focus, building on their existing development pipeline of over one gigawatt and previous experience developing renewable energy projects with combined capacity exceeding 100 megawatts. The company's diverse portfolio approach across multiple North American markets, including projects with utilities, host off-takers, community solar, and virtual net metering arrangements, positions them to capitalize on the growing demand for clean energy solutions.

For more information about PowerBank's corporate profile and development activities, visit https://www.powerbankcorp.com. Additional details regarding forward-looking statements and risk factors are available at https://ibn.fm/8xKD1. The full terms of use and disclaimers applicable to this content can be found at http://IBN.fm/Disclaimer.

The timing of this announcement coincides with increasing federal and state emphasis on critical infrastructure resilience and clean energy transition. Military installations nationwide are increasingly turning to renewable energy solutions to ensure operational continuity while reducing environmental impact and long-term energy costs. This project portfolio serves as a model for similar installations across the country, demonstrating how public-private partnerships can advance both energy security and climate objectives simultaneously.