5 MW Hybrid Solar and Battery Energy Storage Project Announced by PowerBank

Executive Summary

• PowerBank Corporation announced execution of a lease agreement for the NY‑Sapbush 5 MW AC hybrid solar‑plus‑battery energy storage project in New York.
• The project is expected to qualify for NYSERDA NY‑Sun and Retail Energy Storage Incentive programs, pending interconnection approval, permitting and financing.
• Once operational, the facility will function as a community solar plus storage asset, delivering renewable electricity to the local grid and providing bill credits to participating residential customers.

Key Details

• Project Size: 5 MW AC hybrid solar + battery energy storage (NY‑Sapbush).
• Location: New York State, United States.
• Lease Agreement: Executed by PowerBank; terms not disclosed.
• Incentive Eligibility: Anticipated qualification for NYSERDA’s NY‑Sun and Retail Energy Storage Incentive Programs.
• Development Status: Preliminary screening analysis underway as part of interconnection process; next steps include securing interconnection approval, completing permitting, and arranging project financing.
• Operational Model: Planned operation as a hybrid community solar plus storage facility delivering electricity to the grid; participants can receive monthly bill credits without rooftop installations.
• Strategic Context: Contributes toward New York’s Climate Leadership and Community Protection Act goal of 6 GW solar capacity by 2025; aligns with PowerBank’s pipeline of >1 GW and >100 MW of completed projects.
• Risks Disclosed: Dependence on community solar contract, interconnection approval, permits, third‑party financing, and continued availability of government incentives; potential for policy changes that could affect project economics.

Notable Quotes

(No direct quotes were provided in the release.)