$11.35 Million USD; 5.9 MW Manlius Solar Project Completed by PowerBank Hosts New York State Energy Research and Development Authority for an Exclusive Tour
PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy infrastructure development and asset ownership, is pleased to share that it recently hosted members of the New York State Energy Research and Development Authority (NYSERDA) Clean Energy Hub for a tour of the active Manlius solar project in Upstate New York (the "Project"). The tour also included details of the development process, from permitting to operation, and a Q&A session with PowerBank's Chief Operating Officer. The Project is receiving incentives under the New York State Energy Research and Development Authority ("NYSERDA") NY-Sun Program.
The Manlius project is a 5.9 MW, USD$11.35 million community solar project in the town of Manlius, Onondoga, New York that repurposed a closed landfill. The Project was developed and constructed for Solar Advocate Development LLC. In just the first year, the project produced enough electricity to power approximately 737 homes.
The Project is operating as a community solar project. Community solar is a group of solar panels with access to the local electricity grid. Once the panels are turned on and generating electricity, clean energy from the site feeds into the local power grid. Depending on the size and number of panels the project has, dozens or even hundreds of renters and homeowners can save money from the electricity that is generated by the project. By subscribing to a project, a homeowner earns credits on their electric bill every month from their portion of the solar that's generated by the project, accessing the benefits of solar without installing panels on their home. This allows homeowners to realize a reduced cost per kW/hour from the power they consume versus standard utility rates.
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.
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