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PowerBank Receives $1.47 Million USD from NYSERDA for Geddes 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 operational 3.79 MW Geddes Solar Power Project (the "Project") in New York State has received its Commercial Operation Payment of $1.47 million USD through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program. The Project qualified
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[{"type":"text","content":"Incentive payment awarded under the NYSERDA's NY-Sun Program ","length":64,"tagName":"p","attribs":{}},{"type":"text","content":"TORONTO, Nov. 4, 2025 /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 operational 3.79 MW Geddes Solar Power Project (the "Project") in New York State has received its Commercial Operation Payment of $1.47 million USD through the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program. The Project qualified for the Megawatt Block, Community Adder, and Landfill/Brownfield Adder under the program. The Project is also expected to receive an additional $245 thousand USD through the Inclusive Community Solar Adder, also through NY-Sun.","length":793,"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/cc6dfd811578f0ec529ab26b1dc8c719"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jjssEFjljFE0yzDfFjOdFA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MjtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/cc6dfd811578f0ec529ab26b1dc8c719","width":386,"height":78}},"href":"https://mma.prnewswire.com/media/2812403/PowerBank_Corporation_PowerBank_Receives__1_47_Million_USD_from.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. The Community Adder is designed to accelerate the growth of community solar projects by providing additional financial incentives for developers. It is only awarded to Community Distributed Generation Projects that are ineligible for the Market Transition Credit or Community Credit. The Landfi...