PowerBank develops community solar projects, including brownfield installations, that allow local renters, homeowners, and businesses to subscribe and earn credits on monthly electric bills. The company announced NY-Sun awards for its 7.1 MW Jordan Rd 2 project and previously for a 7 MW Jordan Rd 1 project, and expects the Jordan Rd pair to power roughly 1,770 homes annually. PowerBank has recently announced nine projects in New York totaling more than 42 MW, including a 2.6 MW facility near Elmira and 20 MW to be operated under lease and power purchase agreements with the New York State Division of Military and Naval Affairs. The Jordan Rd sites are located on a remediated brownfield in Skaneateles, Onondaga County. PowerBank's New York projects are set to join an existing fleet of 100 MW of completed projects. The company is securing NYSERDA NY-Sun grants and Inclusive Community Solar Adders as part of its financing for these developments.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2026