FAQ: PowerBank's Day Hollow Solar Project in New York

What is the main announcement from PowerBank Corporation?

PowerBank has secured site control for its 2.8 MW Day Hollow ground-mount solar project in upstate New York, allowing the project to progress to the interconnection study phase.

Where is the Day Hollow solar project located?

The project is located in upstate New York.

What is the capacity of the Day Hollow solar project?

The project has a capacity of 2.8 megawatts (MW).

What program will this project qualify under and what is the expected rate?

The project is expected to qualify under New York’s Value of Distributed Energy Resources (VDER) program at an estimated first-year average rate of US$0.0971/kWh.

How will this project benefit local residents and businesses?

As a community solar initiative, Day Hollow will allow renters, businesses, and homeowners to subscribe and receive bill credits without requiring on-site equipment installation.

How does this project contribute to New York’s renewable energy goals?

The project contributes to New York’s Climate Leadership and Community Protection Act target of achieving 6 GW of solar capacity by 2025.

What is PowerBank Corporation’s business focus?

PowerBank is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA, including solar and Battery Energy Storage System (BESS) projects.

What is PowerBank’s development track record and pipeline?

The company has developed renewable and clean energy projects with a combined capacity of over 100 megawatts and has a potential development pipeline of over one gigawatt.

Where can I find more information about PowerBank Corporation?

More information is available at www.powerbankcorp.com and the full press release can be viewed at https://ibn.fm/xcmyM.

What are the stock tickers for PowerBank Corporation?

PowerBank trades on NASDAQ under SUUN, on Cboe CA under SUNN, and on FSE under 103.