PowerBank Provides Progress Update on Three Community Solar Projects in Nova Scotia

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 a progress update for the three Community Solar projects in Nova Scotia. These projects located in Sydney, Brooklyn, and West Petpeswick (the "Projects") are all expected to receive interconnection results within the next 30 days. If the interconnection results are positive and the projects are financially feasible, the Company expects to begin construction in the Spring of 2026.

The Projects are owned by AI Renewable Flow-through Fund and PowerBank is the lead developer and builder for the Projects. PowerBank will partner with local Nova Scotia's trusted engineering firm, Trimac Engineering, to deliver the Projects. PowerBank has been at the forefront of community solar development in the United States with over 50 MW of community solar projects completed and is proud to be deploying its expertise in Canada as the community solar market develops there.

Over the Projects lifetimes, they will be generating up to a combined $6.95 Million in electricity savings for the local communities in Sydney, Brooklyn and Petpeswick. These savings come with the additional benefits of local job opportunities, economic growth, local educational opportunities regarding renewable energy, improved grid reliability, and emissions reductions.

The Canadian Federal government and the Province of Nova Scotia are very supportive of Community Solar, with a number of incentives, including the Smart Renewables and Electrification Pathways Program (SREPs), Indigenous-Led Clean Energy Stream, and the Low Carbon Communities program.

Community solar is a cornerstone of Nova Scotia's bold commitment to achieve 80% renewable energy by 2030 and net-zero by 2035. As one of only four community solar contracts awarded under the program so far, the three projects contribute approximately 12.4 MW DC to the 100 MW AC of planned solar additions that will help reduce fossil fuel reliance and drive local economic development.

Unlike traditional rooftop systems, community solar allows renters, businesses, and homeowners to subscribe to the solar farm and receive bill credits and savings of $0.02/kWh—without installing any equipment. Project feeds directly into the local electricity grid and offers a flexible, accessible way for Nova Scotians to participate in the clean energy transition.

The Projects leverage PowerBank's proven execution capabilities and strategic partnerships. With over 100 MW of projects built and a 1+ GW development pipeline, PowerBank brings institutional-grade development expertise to Atlantic Canada. The Project's clear timeline ensures near-term EPC revenue generation, and positions PowerBank to obtain additional development contracts in the high-growth community solar market. All MW numbers presented as MW DC unless otherwise specified.

PowerBank Corporation | www.powerbankcorp.com