PowerBank Corporation Secures Site Control for 2.8 MW Day Hollow Solar Project in New York

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a leader in North American energy infrastructure development and asset ownership, announced that its 2.8 MW Day Hollow ground-mount solar project in upstate New York has secured site control, enabling progression to the interconnection study phase. 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. Designed as a community solar initiative, Day Hollow will allow renters, businesses and homeowners to subscribe and receive bill credits without on-site equipment, contributing to the state's Climate Leadership and Community Protection Act target of 6 GW of solar capacity by 2025.

The Day Hollow project represents a significant step forward in New York's renewable energy transition, providing clean electricity to the local grid while offering accessible solar options for community members who cannot install their own systems. This development aligns with broader efforts to expand distributed energy resources across the state, reducing reliance on fossil fuels and supporting grid resilience. The project's qualification under the VDER program ensures competitive pricing and financial viability, making solar energy more economically accessible to a wider range of consumers.

Community solar projects like Day Hollow play a crucial role in democratizing access to renewable energy, particularly for renters and those with unsuitable rooftops for solar panels. By allowing subscribers to receive bill credits for the electricity generated, these initiatives help lower energy costs while promoting environmental sustainability. The project's progression to the interconnection study phase marks a critical milestone, as it involves assessing technical requirements for connecting to the local utility grid, ensuring safe and efficient integration of the solar power generated.

PowerBank Corporation's focus on distributed and community solar projects underscores the growing importance of localized energy generation in meeting climate targets. The company's development pipeline, which includes over one gigawatt of potential projects, highlights the scalability of such initiatives in driving the transition to a cleaner energy future. For more information about PowerBank's projects and corporate details, visit https://www.powerbankcorp.com. Additional updates and news relating to SUUN are available in the company's newsroom at https://ibn.fm/SUUN.