GrandBridge And PowerBank Agree To Jointly Develop And Invest In Solar Energy And Battery Storage Projects In Ontario

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PowerBank Corporation

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GrandBridge Corporation ("GrandBridge") and PowerBank Corporation (NASDAQ:SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company") are pleased to announce an agreement to jointly develop and invest in solar energy and battery storage projects in Ontario (the "Agreement").

Highlights of the Co-Development Agreement:

Types of Projects: Development of solar and battery storage projects, located within the service territory of GrandBridge's electricity distribution company, GrandBridge Energy, for submission under the IESO's Long-Term Procurement and Local Generation Programs.
Commercialization Opportunities: Pursuit of projects through alternative commercialization opportunities, including Virtual Power Purchase Agreements (VPPAs), Net Metering, and other procurement programs and mechanisms.
Roles and Investment Structure: PowerBank will lead project development and construction. GrandBridge will provide development and construction capital and co-own the projects with PowerBank.

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