PowerBank Signs LOI with Modular Data Center Company Nodiac.ai, Unlocking Potential Additional Revenue from Existing Energy Assets

• On 2026‑04‑08 PowerBank entered a non‑binding Letter of Intent (LOI) with Nodiac Corp. to explore co‑location of 1‑15 MW modular, containerized data‑center units at PowerBank’s existing solar and Battery Energy Storage System (BESS) sites across North America.
• The partnership targets the fast‑growing AI compute infrastructure market, aiming to monetize under‑utilised renewable assets while providing clean‑energy power for edge‑computing workloads.
• Each site will be evaluated case‑by‑case; definitive agreements and financing terms will be negotiated separately.
• Nodiac’s “NORA” platform will screen PowerBank sites for suitability, focusing on distribution‑level interconnection points to avoid costly grid upgrades.

• Revenue potential: The LOI creates a new, non‑traditional revenue stream (data‑center hosting fees) that is not captured in PowerBank’s historic solar‑only cash flows. Even modest deployment (e.g., 5 MW across three sites) could generate $0.8–$1.2 M annually at typical data‑center power rates ($150–$200/kW‑yr).
• Strategic fit: Aligns with PowerBank’s stated “distributed energy infrastructure” focus and its broader AI‑in‑space narrative (Orbit AI, Orbital Cloud). It diversifies the business beyond pure IPP revenue, reducing reliance on state incentives that dominate current cash flow.
• Risk profile: The LOI is non‑binding; execution depends on site suitability, permitting, interconnection studies, and financing. No capital commitment or upfront payment is disclosed, limiting immediate balance‑sheet impact. However, the partnership introduces operational complexity (data‑center cooling, uptime SLAs) that PowerBank must manage.
• Comparison to prior expectations: Earlier releases hinted at a “data‑center solutions division” but gave no concrete partner. The Nodiac LOI is the first material step toward that vision, exceeding routine project updates and moving into a new market segment.

Overall, the announcement is materially positive: it adds a credible, high‑growth revenue avenue while fitting PowerBank’s long‑term diversification strategy.

PowerBank Corporation develops, constructs, and operates utility‑scale solar farms and battery energy storage systems across North America.
- Flagship assets: 3.79 MW Geddes community solar (NY), 4.99 MW SFF‑106 BESS (Ontario), and a pipeline exceeding 1 GW of solar/BESS projects, with over 100 MW already built.
- The company is transitioning from pure renewable generation to integrated energy‑infrastructure services, including data‑center power supply and space‑based AI satellite support.