PowerBank partners on Ontario battery energy storage development
The company provides early development services for IESO procurement and holds a right of first refusal for construction, alongside settling $1.4 million in debt with shares.
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Renewable energy developer and independent power producer
powerbankcorp.comLast updated
In short: PowerBank reported narrowed losses and margin growth in fiscal 2026 while expanding into AI, BESS, and new solar contracts.
The company provides early development services for IESO procurement and holds a right of first refusal for construction, alongside settling $1.4 million in debt with shares.
Procurement totals $242.3 million construction value and secures an estimated $94.7 million in Investment Tax Credits; portfolio totals about 97 MW DC solar and 42 MWh storage.
It executed equipment procurement for eight projects in New York and Pennsylvania totaling 30 MW DC and 31 MWh, with $74.3M construction value and $29.7M estimated tax credits.
The 3.1 MW project on a closed landfill will power 388 homes annually. Additional incentives possible.
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PowerBank Corporation (Nasdaq: PBK) (Cboe CA: PBK) (FSE: 103) ("PowerBank" or the "Company"), a leader in independent energy development and asset ownership in North America...
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