Toronto, Ontario, Canada, July twenty ninth, 2025, Chainwire
PowerBank Company (NASDAQ: SUUN; Cboe CA: SUNN, FSE: 103), a frontrunner in distributed photo voltaic power, battery storage, and clear power infrastructure throughout North America, is worked up to announce that its largest owned-and-operated asset within the U.S.—the three.79 MW Geddes Photo voltaic Energy Undertaking in New York State—is now totally operational.
Greater than a milestone in renewable power, this challenge marks the official launch of PowerBank’s Bitcoin treasury technique.
“This can be a pivotal second for PowerBank,” mentioned Dr. Richard Lu, President and CEO. “Geddes isn’t simply our largest U.S. asset—it’s our launchpad right into a daring, dual-track technique that fuses clear power management with monetary innovation. By deploying internet money generated by this challenge into Bitcoin, we’re enhancing the worth of our working belongings whereas aligning ourselves with a future-focused financial reserve mannequin.”
A Strategic Inflection Level – Vitality + Bitcoin:
- Pioneering Treasury Technique. Geddes is the primary of doubtless a number of PowerBank tasks to help a digital asset reserve mannequin, giving the Firm publicity to Bitcoin as a non-correlated, uneven upside asset.
- Monetary Flexibility. This strategy permits PowerBank to retain earnings from high-performance belongings like Geddes in a retailer of worth with long-term appreciation potential.
- Environmental Transformation. By changing a capped landfill right into a clear energy station, PowerBank demonstrates how sustainability and innovation can converge for long-term worth creation.
- Scalability. The Firm is actively assessing enlargement of this Bitcoin treasury technique throughout further photo voltaic and battery power storage tasks in its IPP (Unbiased Energy Producer) portfolio.
The Geddes Photo voltaic Energy Operation
Constructed on a repurposed landfill, the Geddes Undertaking now delivers 3.79 MW of fresh, renewable power — sufficient to energy roughly 450 houses yearly — whereas remodeling an underutilized web site right into a productive asset. However its worth extends past inexperienced energy.
Web money flows from the challenge shall be allotted, at administration’s discretion, to the acquisition of Bitcoin, making a hybrid technique that blends power era with strategic digital asset funding.
- Capability: 3.79 MW DC
- Sort: Utility-scale ground-mounted photo voltaic
- Location: Former landfill web site in Geddes, New York
- Off-take: Native grid, supporting group power wants
- Influence: Powers roughly 450 houses yearly
Photo voltaic Simplified handles all customer-facing actions for the Firm’s group photo voltaic tasks, permitting it to concentrate on growing and increasing its renewable power portfolio. Photo voltaic Simplified’s experience in acquisition, enrollment, and administration ensures full challenge subscription and maximized income from day one. With a enterprise mannequin that aligns seamlessly with the Firm’s, this partnership drives sustainable development, enabling the Firm to speed up growth, deliver extra tasks on-line every year, and create larger worth for its enterprise and the communities served by the Firm.
Extra Info: Bitcoin purchases shall be funded via extra money generated by the Geddes Undertaking, after assembly all capital expenditures, debt service obligations, and operational necessities. Timing, dimension, and frequency of purchases shall be decided by market circumstances, Bitcoin pricing, money wants, and regulatory elements. No Bitcoin has been bought as of the date of this launch. Custody and safety frameworks are at present underneath analysis and shall be finalized previous to any acquisitions.
About PowerBank Company
PowerBank Company is an unbiased renewable and clear power challenge developer and proprietor specializing in distributed and group photo voltaic tasks in Canada and the USA. With over 100 MW of accomplished tasks and a 1+ GW growth pipeline throughout a number of North American markets, PowerBank is positioned as a high-growth participant within the renewable power sector.
The Firm develops photo voltaic and Battery Vitality Storage System (BESS) tasks that promote electrical energy to utilities, business, industrial, municipal, and residential off-takers. The Firm maximizes returns through a various portfolio of tasks throughout a number of main North America markets, together with tasks with utilities, host off-takers, group photo voltaic, and digital internet metering tasks. The Firm has a possible growth pipeline of over one gigawatt and has developed renewable and clear power tasks with a mixed capability of over 100 megawatts constructed.
To study extra about PowerBank, please go to www.powerbankcorp.com.
FORWARD-LOOKING STATEMENTS
This information launch incorporates forward-looking statements and forward-looking data inside the which means of Canadian securities laws (collectively, “forward-looking statements”) that relate to the Firm’s present expectations and views of future occasions. Any statements that categorical, or contain discussions as to, expectations, beliefs, plans, targets, assumptions or future occasions or efficiency (usually, however not at all times, via the use of phrases or phrases equivalent to “will probably end result”, “are anticipated to”, “expects”, “will proceed”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, ”projection”, “technique”, “goal” and “outlook”) usually are not historic details and could also be forward-looking statements and will contain estimates, assumptions and uncertainties which might trigger precise outcomes or outcomes to vary materially from these expressed in such forward-looking statements. Particularly and with out limitation, this information launch incorporates forward-looking statements pertaining to the Firm’s expectations concerning its trade tendencies and total market development; the Firm’s intention with respect to its Bitcoin treasury technique, and the scale of the Firm’s growth pipeline. No assurance will be provided that these expectations will show to be right and such forward-looking statements included on this information launch shouldn’t be unduly relied upon. These statements converse solely as of the date of this information launch.
Ahead-looking statements are primarily based on sure assumptions and analyses made by the Firm in gentle of the expertise and notion of historic tendencies, present circumstances and anticipated future developments and different elements it believes are acceptable, and are topic to dangers and uncertainties. In making the ahead wanting statements included on this information launch, the Firm has made numerous materials assumptions, together with however not restricted to: acquiring the required regulatory approvals; that regulatory necessities shall be maintained; common enterprise and financial circumstances; the Firm’s skill to efficiently execute its plans and intentions; the supply of financing on cheap phrases; the Firm’s skill to draw and retain expert workers; market competitors; the services provided by the Firm’s opponents; that the Firm’s present good relationships with its service suppliers and different third events shall be maintained; and authorities subsidies and funding for renewable power will proceed as at present contemplated. Though the Firm believes that the assumptions underlying these statements are cheap, they might show to be incorrect, and the Firm can’t guarantee that precise outcomes shall be per these forward-looking statements. Given these dangers, uncertainties and assumptions, traders shouldn’t place undue reliance on these forward-looking statements.
Whether or not precise outcomes, efficiency or achievements will conform to the Firm’s expectations and predictions is topic to various recognized and unknown dangers, uncertainties, assumptions and different elements, together with these listed underneath “Ahead-Wanting Statements” and “Threat Components” within the Firm’s most lately accomplished Annual Info Kind, and different public filings of the Firm, which embrace: dangers inherent with investing in Bitcoin, together with Bitcoin’s volatility; the dangers of implementing a brand new treasury diversification technique; the Firm could also be adversely affected by unstable solar energy market and trade circumstances; the execution of the Firm’s development technique relies upon upon the continued availability of third-party financing preparations; the Firm’s future success relies upon partly on its skill to broaden the pipeline of its power enterprise in a number of key markets; governments might revise, scale back or get rid of incentives and coverage help schemes for photo voltaic and battery storage energy; common world financial circumstances might have an adversarial influence on our working efficiency and outcomes of operations; the Firm’s challenge growth and development actions might not be profitable; growing and working photo voltaic tasks exposes the Firm to varied dangers; the Firm faces various dangers involving Energy Buy Agreements (“PPAs”) and project-level financing preparations; any modifications to the legal guidelines, rules and insurance policies that the Firm is topic to might current technical, regulatory and financial limitations to the acquisition and use of solar energy; the markets by which the Firm competes are extremely aggressive and evolving shortly; an anti-circumvention investigation might adversely have an effect on the Firm by probably elevating the costs of key provides for the development of solar energy tasks; international alternate price fluctuations; a change within the Firm’s efficient tax price can have a big adversarial influence on its enterprise; seasonal differences in demand linked to development cycles and climate circumstances might affect the Firm’s outcomes of operations; the Firm could also be unable to generate enough money flows or have entry to exterior financing; the Firm might incur substantial further indebtedness sooner or later; the Firm is topic to dangers from provide chain points; dangers associated to inflation; surprising guarantee bills that might not be adequately coated by the Firm’s insurance coverage insurance policies; if the Firm is unable to draw and retain key personnel, it could not be capable to compete successfully within the renewable power market; there are a restricted variety of purchasers of utility-scale portions of electrical energy; compliance with environmental legal guidelines and rules will be costly; company duty might adversely impose further prices; the longer term influence of any future world pandemic on the Firm is unknown right now; the Firm has restricted insurance coverage protection; the Firm shall be reliant on data know-how techniques and could also be topic to damaging cyberattacks; the Firm might grow to be topic to litigation; there is no such thing as a assure on how the Firm will use its accessible funds; the Firm will proceed to promote securities for money to fund operations, capital enlargement, mergers and acquisitions that can dilute the present shareholders; and future dilution because of financings.
The Firm undertakes no obligation to replace or revise any forward-looking statements, whether or not because of new data, future occasions or in any other case, besides as could also be required by regulation. New elements emerge now and again, and it is just not doable for the Firm to foretell all of them, or assess the influence of every such issue or the extent to which any issue, or mixture of things, might trigger outcomes to differ materially from these contained in any forward-looking assertion. Any forward-wanting statements contained on this information launch are expressly certified of their entirety by this cautionary assertion.
Contact
Mike Pell
PHOENIX MEDIA MARKETING
articles@phoenix-mediamarketing.com
PowerBank’s 3.79 MW Geddes Solar Project Goes Live, Powering New Bitcoin Treasury Strategy
