Powerbank talks Manlius site tour by NYSERDA members

Ms. Tracy Zheng reports $11.35 MILLION USD; 5.9 MW MANLIUS SOLAR PROJECT COMPLETED BY POWERBANK HOSTS NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY FOR AN EXCLUSIVE TOUR Powerbank Corp. has recently hosted members of the New York State Energy Research and Development Authority (NYSERDA) Clean Energy Hub for a tour of the active Manlius solar project in Upstate New York. The tour also included details of the development process, from permitting to operation, and a question-and-answer session with Powerbank's chief operating officer. The project is receiving incentives under the NYSERDA NY-Sun Program. The Manlius project is a 5.9-megawatt, $11.35-million (U.S.) community solar project in the town of Manlius, Onondaga, N.Y., that repurposed a closed landfill. The project was developed and constructed for Solar Advocate Development LLC. In just the first year, the project produced enough electricity to power approximately 737 homes. The project is operating as a community solar project. Community solar is a group of solar panels with access to the local electricity grid. Once the panels are turned on and generating electricity, clean energy from the site feeds into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can save money from the electricity that is generated by the project. By subscribing to a project, a homeowner earns credits on their electric bill every month from their portion of the solar that is generated by the project, accessing the benefits of solar without installing panels on his or her home. This allows homeowners to realize a reduced cost per kilowatt per hour from the power they consume versus standard utility rates. Powerbank's proven expertise, with over 100 megawatts of completed projects and a development pipeline exceeding one gigawatt, underpins the project's execution. Strategic partnerships and institutional-grade development capabilities position Powerbank to deliver reliable, high-impact renewable energy solutions. About Powerbank Corp. Powerbank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the United States. The company develops solar and battery energy storage system (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential offtakers. The company maximizes returns through a diverse portfolio of projects across multiple leading North America markets, including projects with utilities, host offtakers, 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. We seek Safe Harbor.