PowerBank Corporation appointed Nicole Rusaw as Chief Financial Officer effective August 24, 2026, succeeding Sam Sun. Rusaw brings over 20 years of public company finance leadership to oversee financial strategy as the company scales its North American energy infrastructure platform and expands into digital infrastructure supporting AI-driven projects. PowerBank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA.

PowerBank Corporation announced that its 6.86 MW Brooklyn community solar project in Nova Scotia has received final environmental permitting, allowing construction to commence in Fall 2026. The C$14 million project is funded by the AI Renewable Flow-through Fund, with PowerBank acting as lead developer without capital contribution. It will receive up to C$2.639 million in federal tax credits and previously secured C$1.92 million in provincial and federal grants. The facility is expected to generate approximately C$3.86 million in lifetime electricity savings for the local community, powering the equivalent of 628 homes annually. PowerBank Corporation operates as an independent energy developer and asset owner specializing in solar and battery storage solutions.

PowerBank Corporation acquired two New York community solar projects, Highway 28 and Gainesville, for a combined purchase price of US$2,396,068 payable in milestone payments. The 6.9 MW Highway 28 project is expected to be construction-ready in Q3 2026 with a total construction value of approximately US$17 million and expected federal Investment Tax Credits (ITC) of US$8 million. It has secured interconnection, permits, and NYSERDA incentives totaling approximately US$2.4 million. The 7 MW Gainesville project is expected to be ready in 2027 with a construction value of approximately US$15.5 million and expected ITCs of US$5 million; it faces an ongoing Article 78 lawsuit regarding variance denial. Both projects were previously sold to an investor in January 2025 and reacquired by PowerBank, supporting its strategy toward asset ownership and recurring revenue generation. PowerBank Corporation is a vertically integrated independent North American energy company that develops, builds, owns, and operates solar and battery energy storage systems.

PowerBank Corporation executed a lease agreement for the ON-765 West Solar Project, a 4 MW ground-mount facility in North Bruce Peninsula, Ontario. The project is expected to generate enough clean electricity to power approximately 640 homes and may qualify for the Canadian federal government's Clean Technology Investment Tax Credit of up to 30% of capital costs. PowerBank plans to complete preliminary assessments and advance the permitting process next. The company has over 100 MW of completed projects and a development pipeline exceeding 1 GW. PowerBank Corporation is an independent North American energy developer that builds, owns, and operates solar and battery energy storage systems.

PowerBank Corporation announced that its 903 Battery Energy Storage System (BESS) project in Ontario secured Official Plan Amendment and Zoning Bylaw approvals on July 21, 2026. This regulatory milestone concludes the complex permitting phase, allowing the company to proceed with Site Plan Approval and target receipt of all construction permits by Q4 2026. The project benefits from a 22-year contract secured in July 2023 through the Independent Electricity System Operator’s Expedited Long-Term RFP, providing a fixed capacity payment of $1,221 per megawatt per business day. PowerBank holds a 50% stake in the project, with the remaining interest owned by First Nations communities. The company operates over 100 MW of completed projects and maintains a development pipeline exceeding 1 GW. PowerBank Corporation is an independent North American energy developer that builds, owns, and operates solar and battery energy storage systems to support grid reliability and digital infrastructure demand.

PowerBank Corporation announced it will support TriMac Engineering with solar feasibility studies and technical assessments for the Municipality of Victoria County in Nova Scotia under a fee-for-service agreement. The contract was executed on July 8, 2026, following an RFP issued June 20, 2026, to develop a solar strategy addressing energy reliability and rising costs. PowerBank's involvement leverages its partnership with TriMac, which is developing three community solar projects totaling 12.4 MW. The company highlights its development pipeline exceeding 1 GW and over 100 MW of completed projects. PowerBank Corporation operates in the renewable energy sector, developing, building, owning, and operating solar and battery storage systems.