PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Advances New 6.9 MW Solar Project in New York’s Capital District

• The renewable energy company has signed a lease agreement for a 6.9 MW DC ground-mounted solar project in New York’s Capital District.
• The project, known as NY-Crawford Rd, is expected to qualify for incentives under the NYSERDA NY-Sun Program, and, once operational, it will supply enough clean energy to power approximately 800 homes.
• The company has already begun the interconnection application and preliminary screening analysis, marking the first stage of development.
• PowerBank brings experience from over 100 MW of completed projects and a development pipeline exceeding 1 GW, contributing to New York’s Climate Leadership and Community Protection Act goal of 6 GW of solar capacity by 2025.

Disseminated on behalf of PowerBank Corporation

PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., has announced progress on a new 6.9-megawatt (“MW”) direct current (“DC”) solar project in New York’s Capital District. The initiative, called the NY-Crawford Rd Project, represents another step in the company’s ongoing strategy to expand its footprint in distributed and community solar infrastructure across North America (https://ibn.fm/lKPjF).

According to PowerBank’s announcement, the lease agreement for the project site has been finalized. The company has initiated the interconnection process, which includes a preliminary screening analysis to assess grid capacity and technical feasibility. Once approval is granted, PowerBank plans to move forward with permitting and project financing before construction begins.

The NY-Crawford Rd Project will operate as a community solar development, a model that enables residents, businesses, and renters to access renewable energy without installing panels on their own properties. Under this model, subscribers receive credits on their monthly utility bills based on the electricity produced by the shared solar array. The system feeds clean energy directly into the local grid, allowing participants to offset their consumption with renewable power and lower their overall electricity costs.

For the region, the project will contribute enough renewable energy to power around 800 homes, furthering the state’s broader decarbonization and energy resilience goals.

The project aligns with the New York State Energy Research and Development Authority (“NYSERDA”) NY-Sun Program, which provides financial incentives and technical support for solar developers. The initiative is a cornerstone of New York’s Climate Leadership and Community Protection Act (“CLCPA”), which mandates at least 6 GW of distributed solar capacity by 2025 and 70% renewable electricity by 2030.

With nearly one-third of the U.S.’s 6.2 GW of installed community solar capacity located in New York, the state remains a national leader in the sector. PowerBank’s project adds incremental progress toward those targets while broadening access to renewable power in the Capital District region.

PowerBank Corporation has more than 100 MW of completed renewable energy projects and a development pipeline exceeding 1 GW. Its business model combines project origination, financing, and long-term asset management, with customers spanning utilities, municipalities, and commercial entities.

By developing projects like NY-Crawford Rd, PowerBank aims to diversify its revenue streams and strengthen its portfolio of income-generating clean energy assets.

Following the completion of interconnection and permitting, PowerBank intends to secure financing for the construction phase. The company has not yet announced a construction start date but indicated that the project will proceed upon approval of the necessary regulatory steps.

For more information, visit the company’s website at https://PowerBankCorp.com.

This report contains forward looking information. Please refer to the press release entitled “PowerBank Announces New 6.9 MW Solar Project in the Capital District, New York” and dated October 7, 2025, for additional details on the information, risks and assumptions.

NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN

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