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Production / Operations

Powerbank enters another lease deal in N.Y.

By The Northwire Desk — AI Analysis Jan 20, 2026 · 16:58 SUNN · 2.10 Powerbank Corp
SUNN · Price

Executive Summary

  • Powerbank Corp. has executed a lease agreement for the NY-Sapbush project, a 5 MW AC hybrid solar and battery energy storage facility located in New York.
  • The project is designed to leverage New York State incentives (NY-Sun and retail energy storage programs) and aims to support grid stability by storing surplus renewable energy.
  • Powerbank is currently in the preliminary screening phase for interconnection; subsequent steps include permitting, securing financing, and construction, with the goal of operating as a hybrid community solar plus storage asset.

Key Details

  • Project Name: NY-Sapbush project.
  • Location: New York.
  • Capacity: 5 MW AC hybrid solar plus battery energy storage.
  • Current Status: Lease agreement executed; preliminary screening analysis for interconnection initiated.
  • Next Steps: Secure interconnection approval, complete permitting, and secure construction financing.
  • Operational Model: Likely to operate as a hybrid community solar plus energy storage project, feeding electricity into the local grid to provide bill credits to subscribers.
  • Incentives: Expected to be eligible for NY-Sun and retail energy storage incentive programs.
  • Company Context: Powerbank has over 100 MW of completed projects and a development pipeline exceeding 1 GW.
  • Risks: Project is subject to receipt of community solar contracts, interconnection approval, required permits, third-party financing availability, and potential changes in government incentives.

Notable Quotes

  • "Energy storage systems are becoming essential infrastructure for New York's grid as the state integrates more renewable energy sources. Battery systems like the one planned for NY-Sapbush store surplus renewable energy for when it is not windy or sunny maintain critical balance between energy supply and demand."
  • "Powerbank's proven expertise, with over 100 megawatts of completed projects and a development pipeline exceeding one gigawatts, underpins the project's execution."
Read the original news release →

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