Back to News
Dec 31, 2025 12:00 PM

PowerBank Gets $8 Million Boost To Power Up New York Clean Energy Buildout

PowerBank Corporation (NASDAQ:SUUN) announced on Wednesday that it has secured new financing to accelerate its renewable energy projects in New York. The funding lets PowerBank expand its independent power producer business efficiently, without shareholder dilution.

PowerBank entered a revolving credit facility of up to $8 million with NY Green Bank, a division of the New York State Energy Research and Development Authority. The funds will cover utility interconnection deposits for about 50 ...