PowerBank Corporation has secured a revolving credit facility of up to $8 million USD from NY Green Bank to fund interconnection deposits for an initial portfolio of 50 MW of distributed solar power and battery energy storage projects in New York State. The loan, which may be increased to $12 million USD at NY Green Bank’s discretion, will be advanced against interconnection deposit payments to local utilities. The facility is secured against the assets associated with the projects and guaranteed by PowerBank. No shares are issuable in connection with the loan. This financing will enable PowerBank to accelerate the growth of its independent power producer portfolio, with the ability to redeploy capital as projects reach commercial operation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerbank Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: TO55021) on December 31, 2025, and is solely responsible for the information contained therein.