PowerBank Executes Lease On 1.76 Megawatt DC Ground-Solar Power Project In New York

TORONTO, Oct. 16, 2025 /PRNewswire/ - PowerBank Corporation (Nasdaq: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to announce that it has executed a lease agreement on a 1.76 MW DC ground-mount solar power project known as the NY-Hemlock Hill project (the "Project"), in Upstate New York. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority ("NYSERDA") NY-Sun Program.

The Company is in the process of submitting the interconnection application and has initiated the preliminary screening analysis as part of the initial interconnection steps. Assuming receipt of interconnection approval, the Company will work to complete the permitting process and secure the necessary financing for the construction of the Project.