PowerBank Corporation's Name Change Reflects Expanded Clean Energy Strategy

PowerBank Corporation, formerly known as SolarBank Corporation, has announced a significant rebranding to better represent its expanded focus on clean energy solutions beyond solar power. This strategic name change, effective July 28, 2025, was approved by shareholders and underscores the company's evolution into a diversified clean energy infrastructure platform. The rebranding to PowerBank Corporation aligns with the company's growing portfolio, which now includes solar and battery storage projects across the U.S. and Canada, with a project pipeline exceeding one gigawatt and a built project base of 100 MW.

The company's recent $100 million financing agreement with CIM Group is set to accelerate the construction of its U.S. projects, further solidifying its position in the clean energy sector. PowerBank Corporation's strategic shift is also supported by favorable U.S. tax incentives and Canadian contract programs, which enhance its growth potential and appeal to investors. The name change reflects the company's commitment to powering the digital economy with a broader range of clean energy solutions, while maintaining its stock tickers (NASDAQ: SUUN, Cboe CA: SUNN, FSE: 103) and share capital unchanged.

For more information on PowerBank Corporation's projects and strategic direction, visit https://ibn.fm/CDCjI. Investors seeking the latest updates can find them in the company's newsroom at https://ibn.fm/SUUN.