SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Taps Data Center Veteran Jonathan Martone to Guide Data Center Market Expansion Strategy

• Martone will assist with evaluating and sourcing U.S. and Canadian sites, focusing on power availability, connectivity, and operational feasibility.
• The move reflects SolarBank’s strategy to align with AI-driven data demand and to integrate clean energy solutions with digital infrastructure.
• The company has reaffirmed its U.S. focus to reduce exposure to tariffs on imports from China, Mexico, and Canada.
• SolarBank’s recent $49.8 million deal with Qcells underpins its commitment to “Made in America” infrastructure.

Disseminated on behalf of SolarBank Corporation

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), 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 taken a key step in advancing its expansion into the data center market by bringing on seasoned advisor Jonathan Martone. The company announced it has retained Martone and his firm, Martone Advisors LLC, to support strategic efforts in identifying and assessing opportunities for data center development in North America (https://ibn.fm/mytyQ).

Martone, who has spent over 25 years in the telecommunications and data center sectors, is known for his hands-on role in building data center ecosystems and advising clients on network design and site development. His background includes consulting for private equity firms and operators to evaluate sites for both build-to-suit and multi-tenant facilities, with a focus on energy infrastructure, fiber connectivity, and interconnection strategies.

SolarBank announced plans to expand into the data center space in November 2024. The hiring of Martone signals a deepening commitment to the sector, especially as artificial intelligence, cloud computing, and high-performance workloads continue to drive demand for hyperscale and edge facilities.

Dr. Richard Lu, CEO of SolarBank, emphasized Martone’s practical knowledge and network, underlining that his appointment will bring significant value to the company. “Jonathan has significant contacts and is one of the leaders in North America in understanding site selection and the components to ensure a successful operation. The growth of data-hungry artificial intelligence deployments continues, and SolarBank is seeking to help support this demand,” Dr. Lu added.

Martone’s scope will include evaluating SolarBank’s current pipeline of potential projects in the United States and Canada. According to the company, these markets offer both energy infrastructure reliability and a lower-risk regulatory environment—particularly relevant in light of recent U.S. tariff actions targeting imports from foreign countries.

“SolarBank has always been focused on the development of projects in the United States that provide clean energy to support communities,” Dr. Lu stated in a recent press release (https://ibn.fm/46U8x). “The recently announced tariffs on Canada, Mexico and China are not expected to have an impact on our business. In particular, our recently announced $49.8 million transaction with Qcells will see four projects developed with ‘Made in America’ solar panels.”

That transaction, announced earlier this year, not only supports domestic manufacturing but also helps shield SolarBank from global supply chain risks and potential cost increases associated with trade policy shifts. “SolarBank believes it can navigate supply chain issues to continue to develop projects with positive economics,” Dr. Lu said. There is still uncertainty on the overall impact of tariffs on SolarBank’s operations and the global economy, but sourcing made in America panels helps SolarBank to mitigate these risks.

Martone’s role will go beyond site identification. He is also expected to advise on utility planning, power availability, and the integration of clean energy sources—a fit for SolarBank’s existing business model. His client history includes work with EdgeConneX, Overwatch Capital, and Form8tion Data Centers, among others, covering areas from fiber connectivity to hyperscale deployments.

He brings technical understanding of complex power systems, including medium and high-voltage design, transformer capacity, and interconnection fabrics tailored for enterprise and public-sector workloads. These areas are critical as SolarBank aims to link clean energy assets with data infrastructure that is both scalable and efficient.

For SolarBank, the expansion into data centers represents a logical evolution of its renewable energy expertise. With the digital sector increasingly pressured to decarbonize, the intersection between power generation and data hosting is becoming a growing area of interest for investors.

For more information, visit the company’s website at SolarBankCorp.com.

This report contains forward looking information. Please refer to the press releases entitled “Data Center Expert Jonathan Martone Retained by SolarBank Corporation to Power Strategic Expansion” for additional details on the statements and related assumptions and risks.

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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