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PowerBank Approved for $309,720 USD from NYSERDA for Elmira Solar Project
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company), a leader in distributed solar energy, battery storage, and clean energy infrastructure across North America, is pleased to announce that its 2.6 MW Elmira Solar Power Project (the "Project") in New York State has been approved for up to $309,720 USD in incentives through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program. PowerBank will now enroll the project in the I
About this update from Powerbank Corporation
[{"type":"text","content":"Incentive payment awarded under the NYSERDA's NY-Sun Program ","length":64,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Feb. 24, 2026 /CNW/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company), a leader in distributed solar energy, battery storage, and clean energy infrastructure across North America, is pleased to announce that its 2.6 MW Elmira Solar Power Project (the "Project") in New York State has been approved for up to $309,720 USD in incentives through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program. PowerBank will now enroll the project in the Inclusive Community Solar Adder (ICSA) stream of the NY-Sun program, which could provide up to an additional $545,107 USD in NY-Sun funding.","length":705,"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":400,"height":62,"url":"https://media.zenfs.com/en/cnwgroup.com/edbb0db03fd61fd4f822e8bbad1b29e3"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HyilK_FxKSwR8yWy13LeZQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwOTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/edbb0db03fd61fd4f822e8bbad1b29e3","width":400,"height":62}},"href":"https://mma.prnewswire.com/media/2918681/PowerBank_Corporation_PowerBank_Approved_for__309_720_USD_from_N.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The NY-Sun Program is a public-private partnership that aims to drive growth in the solar industry and make solar technology more affordable for all New Yorkers. Led by NYSERDA, the program provides incentives and financing to expand solar adoption for homes, businesses, and communities, while supporting local job creation and advancing the state's clean energy goals.","length":374,"tagName":"p"},{"type":"text","content":"The Elmira Project is expected to deliver enough energy to power approximately 325 homes annually. Once completed, the Project will be operated as a community solar project. Community solar is a solar photovoltaic system interconnected directly to the local electricity grid via distribution lines. Once the system is placed i...