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5 MW AC Distributed Solar and Battery Energy Storage System Project in New York Announced by PowerBank
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to announce that it has executed a lease agreement on a 5 MW AC hybrid solar plus battery energy storage project known as the NY-Cloverdale Rd project (the "Project"), in upstate New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (
About this update from Powerbank Corporation
[{"type":"text","content":"TORONTO, Dec. 9, 2025 /CNW/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to announce that it has executed a lease agreement on a 5 MW AC hybrid solar plus battery energy storage project known as the NY-Cloverdale Rd project (the "Project"), in upstate New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority ("NYSERDA") NY-Sun Program and the Retail Storage Incentive Program.","length":642,"tagName":"p"},{"type":"image","alt":"PowerBank Logo (CNW Group/PowerBank Corporation)","displaySize":"","headline":null,"caption":"PowerBank Logo (CNW Group/PowerBank Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":386,"height":78,"url":"https://media.zenfs.com/en/prnewswire.com/224e1ecf9f59150dfdd7ffdaeb0951d4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/b3wFNH4KSkv98BSb04tefQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/224e1ecf9f59150dfdd7ffdaeb0951d4","width":386,"height":78}},"href":"https://mma.prnewswire.com/media/2841019/PowerBank_Corporation_5_MW_AC_Distributed_Solar_and_Battery_Ener.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The rapid growth of wind and solar power and the rising demand for electricity from data centers are making batteries a necessity. They store surplus renewable energy for when it's not windy or sunny, and maintain a balance between energy supply and demand. There has been a 90 percent drop in the cost of batteries over the last 15 years as new factories have come on line, resulting in significant growth in this sector globally.","length":435,"tagName":"p"},{"type":"text","content":"The Company is in the process of initiating the preliminary screening analysis as part of the interconnection process. Assuming receipt of interconnection approval, the Company will work to complete the permitting process and secure the necessary financing for the construction of the Project.","length":293,"tagName":"p"},{"type":"text","content":"Once completed, the Project will likely be operated as a hybrid community solar plus energy storage project....