LOS ANGELES, CA - August 20, 2025 (NEWMEDIAWIRE) - Disseminated on behalf of PowerBank Corporation
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), announced that its Sydney, Brooklyn, and Petpeswick Community Solar projects in Nova Scotia have been granted $1.74 million in funding through the Nova Scotia Department of Environment and Climate Change, provided by the Nova Scotia Department of Energy and managed by the Net Zero Atlantic program. Net Zero Atlantic, a research organization supporting the energy transition, aims to help Atlantic Canada achieve carbon neutrality by 2050. Under the grant, PowerBank will receive $340,000 for the Sydney Solar Project, $440,000 for the Petpeswick Solar Project, and $960,000 for the Brooklyn Solar Project. The projects are 48% owned by AI Renewable Flow-through Fund and 52% owned by a non-profit organization or Potlotek First Nation. PowerBank is the lead developer and builder, working with Trimac Engineering to deliver the projects. With more than 50 MW of community solar completed in the United States, PowerBank is now applying its expertise to Canada's emerging community solar market.
To view the full press release, visit https://ibn.fm/LGh48
About PowerBank
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
To learn more about PowerBank, please visit www.PowerBankCorp.com
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Forward Looking Statements
Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.