SUUN News & Events

PowerBank and GrandBridge signed an agreement to jointly develop and invest in solar energy and battery storage projects in Ontario. Pursuit of projects through alternative commercialization opportunities, including Virtual Power Purchase Agreements, Net Metering, and other procurement programs and mechanisms. PowerBank will lead project development and construction. GrandBridge will provide development and construction capital and co-own the projects with PowerBank. The Agreement establishes a collaborative framework for developing electricity storage and generation projects with nameplate capacity of 2 MWac or greater within GrandBridge Energy's service territory in Ontario, Canada. PowerBank and GrandBridge will collaborate exclusively during a three-year development period on qualifying projects within the defined territory. The partnership features an 80/20 ownership structure, with GrandBridge holding an 80% ownership interest and PowerBank holding a 20% ownership interest in projects upon Financial Close.

PowerBank is pleased to announce that its 2.6 MW Elmira Solar Power Project in New York State has been approved for up to $309,720 USD in incentives through the New York State Energy Research and Development Authority NY-Sun Program. PowerBank will now enroll the project in the Inclusive Community Solar Adder stream of the NY-Sun program, which could provide up to an additional $545,107 in NY-Sun funding.

PowerBank announced the promotion of Andrew van Doorn to President. van Doorn will continue to serve as the company's COO, expanding his leadership role as PowerBank accelerates its strategic growth initiatives across North America. van Doorn has over 28 years of executive leadership experience in engineering and construction in the renewable energy and utility sectors, with over 200 MW of solar projects completed throughout his distinguished career. As former Chairman of the Canadian Solar Industries Association van Doorn is a recognized expert in the management, operations, and construction of solar photovoltaic systems. He is a Professional Engineer, designated in the province of Ontario. Beyond his extensive solar expertise, van Doorn brings deep technical knowledge in Battery Energy Storage Systems and utility-scale electrical infrastructure. In his role as President and COO, van Doorn will continue to oversee PowerBank's commercial operations, project development, and strategic partnerships while providing executive leadership for the company's operational and growth strategies. His promotion comes as PowerBank continues to advance its development pipeline of over 1 GW of renewable energy projects.