Business
PowerBank Advances 2.6 MW Project in Upstate New York
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 an update on the development of the 2.6 MW ground-mount solar power project known as the Elmira project (the "Project"), located in Upstate New York. The Project has secured several municipal approvals, including site plan approval and special use permit. The Project has also received a negative de
About this update from Powerbank Corporation
[{"type":"text","content":"Project to Power Equivalent of 325 Homes","length":40,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Oct. 28, 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 an update on the development of the 2.6 MW ground-mount solar power project known as the Elmira project (the "Project"), located in Upstate New York. The Project has secured several municipal approvals, including site plan approval and special use permit. The Project has also received a negative declaration under the State environmental quality review act, and, subject to the receipt of financing,is able to begin construction before the end of the calendar year. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority ("NYSERDA") NY-Sun Program.","length":892,"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/cnwgroup.com/c097b99fd1a869f10dcb41b70600092c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/56elf.hWN1pjs2un65VblA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/c097b99fd1a869f10dcb41b70600092c","width":386,"height":78}},"href":"https://mma.prnewswire.com/media/2806285/PowerBank_Corporation_PowerBank_Advances_2_6_MW_Project_in_Upsta.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Once completed, the Project will be operated as a community solar project. Community solar is a group of solar panels with access to the local electricity grid. Once the panels are turned on and generating electricity, clean energy from the site feeds into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can save money from the electricity that is generated by the project. By subscribing to a project, a homeowner earns credits on their electric bill every month from their portion of the solar that's ge...