PowerBank Announces a Combined 42 MW across 9 Projects Have Been Advanced Under Spring Mobilization in New York State

Executive Summary

• PowerBank Corporation announced spring mobilization for nine solar and battery storage projects in New York State, moving them into the initial construction phase.
• The combined portfolio comprises 42.24 MW of solar generation capacity and 21.76 MWh of battery energy storage.
• Once operational, the projects are expected to generate enough electricity to power approximately 5,280 homes annually and will include community‑solar offerings.

Key Details

• Projects Mobilized: Jordan Rd 1 & 2, Elmira, Newark, Camp Smith, plus additional unnamed sites (total of nine).
• Solar Capacity: 42.24 MW across rooftop, carport, and ground‑mounted installations.
• Battery Storage Capacity: 21.76 MWh of energy storage systems.
• Construction Phase: Spring mobilization includes site preparation activities; final permits and financing are still required.
• Community Impact: Expected to serve ~5,280 homes per year; several sites will operate as community‑solar projects allowing subscribers to receive bill credits.
• Strategic Context: Contributes toward New York’s Climate Leadership and Community Protection Act goal of 6 GW solar capacity by 2025.
• Company Background: Over 100 MW of completed projects and a development pipeline exceeding 1 GW.
• Financing Strategy: PowerBank may finance the projects directly as IPP assets, sell them to third parties while remaining an EPC contractor, or use a hybrid approach.

Notable Quotes

(No direct quotes were provided in the release.)