PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Installs 4.99 MW Battery Storage System in Ontario

About this update from Powerbank Corporation

[{"type":"text","content":"LOS ANGELES, CA - August 13, 2025 (NEWMEDIAWIRE) - Disseminated on behalf of PowerBank Corporation","length":98,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":"Investor Brand Network","className":"","disableSlideshowImg":false,"size":{"original":{"width":1328,"height":496,"url":"https://media.zenfs.com/en/newsmediawire_165/d84897dfccbdf39b15cf0eb7a4f6274b"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/5NxBi0wyzBghgTMoLjgbUQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTM1OTtjZj13ZWJw/https://media.zenfs.com/en/newsmediawire_165/d84897dfccbdf39b15cf0eb7a4f6274b","width":960,"height":359},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/Y9pu0lA0xTDM6Vtl5xeNmA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD04OTY7Y2Y9d2VicA--/https://media.zenfs.com/en/newsmediawire_165/d84897dfccbdf39b15cf0eb7a4f6274b","width":1200,"height":448}}},{"type":"text","content":"PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), announced the installation of its first 4.99 MW Battery Energy Storage System (BESS) at the SFF-06 project site in Cramahe, Ontario, marking its official entry into the battery storage sector. Backed by a $25.8 million green loan from RBC and acquired through a $45 million transaction with Solar Flow-Through Funds Ltd., the project is 50% owned by PowerBank and 50% by First Nations partners. The system benefits from a 22-year IESO contract with premium pricing and qualifies for a 30% Clean Technology Investment Tax Credit. Civil and electrical work is being executed by Anvil Crawler under a $1.85 million contract. While progress continues at SFF-06, development of the related 903 project remains delayed due to pending municipal approvals and local opposition, prompting a notice of potential force majeure to the IESO.","length":881,"tagName":"p"},{"type":"text","content":"To view the full press release, visit https://ibn.fm/wUQXH","length":58,"tagName":"p"},{"type":"text","content":"About PowerBank","length":15,"tagName":"p"},{"type":"text","content":"PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects inCanadaand theUSA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The...

More updates from Powerbank Corporation