PowerBank Advances 3.15 MW Project in New York, With Capacity to Power 393 Homes

Executive Summary

• PowerBank Corporation announced that its 3.15 MW DC hybrid solar‑plus‑energy storage project in Buffalo, New York has secured two key permitting approvals (Waterfront Consistency Review and Zoning Map Amendment), clearing the path to seek an Area Variance from the Zoning Board of Appeals.
• The project will include 1.2 MWh of battery storage and is designed as a community solar offering that can serve up to 393 homes, with anticipated eligibility for NYSERDA’s NY‑Sun and Retail Energy Storage Incentive programs and federal investment tax credits.
• Upon receipt of final permits and financing, construction is slated to begin, adding to PowerBank’s pipeline of >1 GW and reinforcing its track record of >100 MW of completed projects.

Key Details

• Project Capacity: 3.15 MW DC hybrid solar + 1.2 MWh battery storage.
• Location: Buffalo, New York (referred to as “South Park”).
• Permitting Milestones Achieved:
• Waterfront Consistency Review approval.
• Zoning Map Amendment approval, enabling filing for an Area Variance before the Zoning Board of Appeals.
• Business Model: Community solar – renters, businesses, and homeowners can subscribe, receive bill credits/savings without on‑site equipment.
• Incentive Eligibility: Expected to qualify for NYSERDA’s NY‑Sun program, Retail Energy Storage Incentive, and federal Investment Tax Credit under the One Big Beautiful Bill Act of 2025.
• Construction Timeline: Project will commence after securing final permits and financing; no specific start date disclosed.
• Impact: Designed to power approximately 393 homes; contributes toward New York’s goal of 10 GW distributed solar and 6 GW energy storage by 2030.
• Company Context: PowerBank has completed >100 MW of projects and maintains a development pipeline exceeding 1 GW.

Notable Quotes

(No direct quotes were provided in the release.)