PowerBank Advances 3.16 MW Honesdale Project in Pennsylvania

PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a leader in North American energy infrastructure development and asset ownership, is pleased to announce that its 3.16 MW Honesdale ground-mount solar project in Pennsylvania has secured site control, enabling progression to the interconnection study phase.

The clean energy generated by a community solar project feeds directly into the local electricity grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can earn credits on their electric bill and save money from the electricity that is generated by the project. PowerBank's strategic focus on community solar aligns with its goal of powering thousands of homes with clean and affordable energy.

On March 26, 2024, the Pennsylvania House passed House Bill 1842, a bill enabling the potential development of community solar projects in the state, paving the way for companies like PowerBank to expand into the region and provide clean energy to residents of various income levels. On May 7, 2025 the bill passed House again with the addition of natural gas included in the community solar's application. The bill is currently under review by the Senate. The development of the Project as a community solar project will be subject to the final approval of House Bill 1842 by the State government of Pennsylvania.

PowerBank's proven expertise, with over 100 MW of completed projects and a development pipeline exceeding 1 GW, underpins the project's execution. Strategic partnerships and institutional-grade development capabilities position PowerBank to deliver reliable, high-impact renewable energy solutions.

PowerBank Corporation | www.powerbankcorp.com