Research analysts covering POWERBANK.
Recent press releases and 8-K filings for SUUN.
PowerBank Contracts Intellistake for AI Agent Deployment
SUUN
Product Launch
New Projects/Investments
- PowerBank Corporation has signed two contracts with Intellistake Technologies Corp. for the full deployment of IntelliScope Enterprise Hub AI agents, transitioning from beta testing to operational use as of February 5, 2026.
- The AI agents, including a public-facing communications agent and the internal IntelliScope business intelligence platform, are designed to enhance renewable energy project development through geospatial data analysis, regulatory evaluation, and grant eligibility assessment.
- The Year 1 value of the contracts is approximately CA$278,000, which PowerBank intends to settle by issuing 121,723 common shares at a deemed price of $2.29 per common share, subject to stock exchange approval.
1 day ago
PowerBank Raises $13.68 Million USD in Equity Offering
SUUN
New Projects/Investments
- PowerBank Corporation successfully raised $13.68 million USD in gross proceeds through an At-The-Market (ATM) equity offering.
- The offering involved the sale of 7,738,625 Shares.
- The proceeds will primarily support the development of its renewable energy projects and strengthen its position as an independent power producer.
- As of September 30, 2025, PowerBank reported approximately $138 million in assets.
4 days ago
PowerBank Announces New York Solar and Battery Storage Project
SUUN
New Projects/Investments
- PowerBank Corporation has executed a lease agreement for a 5 MW AC hybrid solar plus battery energy storage project in New York, named the NY-Holland Glnwd project.
- The project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (NYSERDA) NY-Sun and Retail Energy Storage Incentive Programs, along with federal Investment Tax Credits.
- PowerBank has over 100 MW of completed projects and a development pipeline exceeding 1 GW.
Jan 15, 2026, 12:10 PM
PowerBank Expects 4.99 MW BESS Project to Reach Commercial Operation in January 2026
SUUN
New Projects/Investments
Guidance Update
- PowerBank Corporation anticipates its 4.99 MW SFF-06 Battery Energy Storage System (BESS) project in Ontario, Canada, to reach Commercial Operation during January 2026.
- The SFF-06 project, which is PowerBank's first operational battery energy storage project, is expected to deliver 4.74 MW of daily contract capacity for 251 business days annually and has a 22-year contract with a fixed capacity payment of $1,221/MW per business day.
- This project qualifies for the 2024 Clean Technology Investment Tax Credit, offering up to 30% reimbursement of eligible capital costs.
- PowerBank has terminated the equipment supply and long-term service agreements for its OZ-1 BESS project due to permitting delays, incurring a termination fee of $475,000 and $100,000 for retrofit cost reimbursement.
- Additionally, PowerBank will pay $512,000 for an extended warranty covering the SFF-06 and 903 projects.
Jan 6, 2026, 12:15 PM
PowerBank Corporation secures $8 million loan from NY Green Bank
SUUN
Debt Issuance
New Projects/Investments
- PowerBank Corporation secured a revolving credit facility of up to $8 million USD from NY Green Bank, with the potential for the principal amount to increase to $12 million USD.
- The loan will be used to fund interconnection deposits for an initial portfolio of 50 MW of distributed solar power and battery energy storage projects located in New York State.
- This financing is expected to accelerate the growth of PowerBank's Independent Power Producer portfolio by providing low-cost capital.
- The loan is secured against the assets associated with the Projects, and PowerBank has provided a guarantee of payment.
Dec 31, 2025, 2:53 PM
PowerBank Announces Successful DeStarlink Genesis-1 Satellite Launch
SUUN
Product Launch
New Projects/Investments
- PowerBank Corporation announced the successful launch and deployment of the DeStarlink Genesis-1 satellite on December 10, 2025, as part of its Orbital Cloud Initiative with Smartlink AI (Orbit AI).
- The solar-powered Genesis-1 satellite is the first in a planned constellation designed to integrate decentralized communication, AI computing, and blockchain verification capabilities in low-Earth orbit.
- PowerBank's collaboration with Orbit AI focuses on providing advanced solar energy systems and adaptive thermal control solutions for space-based data centers, positioning the company in markets projected to exceed $700 billion over the next decade.
- Orbit AI plans to deploy 5-8 additional orbital nodes in 2026, with full constellation rollout and commercialization in 2027-2028, and PowerBank expects to continue as a key partner.
Dec 29, 2025, 11:15 AM
PowerBank Corporation announces successful satellite launch in Orbital Cloud Project with Smartlink AI
SUUN
Product Launch
New Projects/Investments
- PowerBank Corporation announced the successful launch of the DeStarlink Genesis-1 satellite on December 10, 2025, a collaboration with Smartlink AI (Orbit AI) for the Orbital Cloud network.
- This satellite represents Orbit AI's initial step in establishing a low-Earth orbit network for AI compute, connectivity, and blockchain processing.
- PowerBank will contribute advanced solar energy systems and adaptive thermal control solutions to the project, aligning with its strategic expansion into digital asset and data center infrastructure.
- Orbit AI plans to expand its constellation to 5–8 orbital nodes in 2026, with full commercialization anticipated between 2027 and 2028.
Dec 11, 2025, 12:15 PM
PowerBank Announces New York Solar and Battery Storage Project
SUUN
New Projects/Investments
- PowerBank Corporation announced it has executed a lease agreement for the NY-Cloverdale Rd project, a 5 MW AC hybrid solar plus battery energy storage system in upstate New York.
- The project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (NYSERDA) NY-Sun Program and the Retail Storage Incentive Program.
- PowerBank is currently initiating the preliminary screening analysis for interconnection, with subsequent steps including completing the permitting process and securing necessary financing for construction.
- The company noted its expertise with over 100 MW of completed projects and a development pipeline exceeding 1 GW.
Dec 9, 2025, 12:15 PM
PowerBank provides update on
SUUN
New Projects/Investments
- PowerBank Corporation provided an update on 15 late-stage distributed solar and energy storage projects in New York State, with a total construction value of $168 million USD.
- These projects are anticipated to add approximately 67 MW DC of solar and 11 MWh of energy storage, capable of powering about 7,500 homes.
- The projects are eligible for $65 million USD in Investment Tax Credits.
- 14 out of 15 projects have secured positive interconnection studies with the local utility.
Dec 4, 2025, 12:10 PM
PowerBank Corporation Announces Collaboration with Orbit AI for Orbital Cloud Project
SUUN
New Projects/Investments
Product Launch
- PowerBank Corporation is collaborating with Smartlink AI (Orbit AI) to launch the "Orbital Cloud" for AI infrastructure into space, with the DeStarlink Genesis-1 satellite launch expected in December 2025.
- PowerBank will contribute advanced solar energy systems and adaptive thermal control solutions to the Orbital Cloud project.
- PowerBank intends to make an initial investment of US $50,000 in Orbit AI, with an option to invest $1 million for 2% equity, potentially increasing to $10 million for 20% equity.
- The Orbital Cloud aims to integrate communications, compute, and verification in Low Earth Orbit (LEO) powered by solar energy, targeting a market opportunity projected to exceed $700 billion over the next decade.
Nov 19, 2025, 12:45 PM
Quarterly earnings call transcripts for POWERBANK.
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