logo
PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Secures $1.74M in Funding for Three Nova Scotia Community Solar Projects

PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) Secures $1.74M in Funding for Three Nova Scotia Community Solar Projects

PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), announced that its Sydney, Brooklyn, and Petpeswick Community Solar projects in Nova Scotia have been granted $1.74 million in funding through the Nova Scotia Department of Environment and Climate Change, provided by the Nova Scotia Department of Energy and managed by the Net Zero Atlantic program. Net Zero Atlantic, a research organization supporting the energy transition, aims to help Atlantic Canada achieve carbon neutrality by 2050. Under the grant, PowerBank will receive $340,000 for the Sydney Solar Project, $440,000 for the Petpeswick Solar Project, and $960,000 for the Brooklyn Solar Project. The projects are 48% owned by AI Renewable Flow-through Fund and 52% owned by a non-profit organization or Potlotek First Nation. PowerBank is the lead developer and builder, working with Trimac Engineering to deliver the projects. With more than 50 MW of community solar completed in the United States, PowerBank is now applying its expertise to Canada's emerging community solar market.
To view the full press release, visit https://ibn.fm/LGh48
About PowerBank
PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built.
To learn more about PowerBank, please visit www.PowerBankCorp.com
This report contains forward-looking information. Please refer to https://ibn.fm/epWbE for additional details.
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer
Corporate Communications
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rising concerns over U.S. move to broaden products subject to metal tariffs
Rising concerns over U.S. move to broaden products subject to metal tariffs

Toronto Sun

time24 minutes ago

  • Toronto Sun

Rising concerns over U.S. move to broaden products subject to metal tariffs

Published Aug 21, 2025 • 1 minute read Spools of steel at an ArcelorMittal Dofasco facility in Hamilton, Ont., March 12, 2025. Photo by Christopher Katsarov Luna / Bloomberg There's growing concern about a move by the United States to make hundreds more product categories subject to the country's 50 per cent tariffs on steel and aluminum content. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The addition of 407 categories, ranging from bulldozers to furniture, came into effect earlier this week to add pressure and costs to those hoping to sell into the U.S. market. Catherine Cobden, head of the Canadian Steel Producers Association says the move is another blow to the integrated Canada-U.S. economy and will impact the manufacturing of steel-containing products in Canada destined for the United States. She says products like cutlery, propane tanks, air conditioners, agricultural equipment like tractors and many more now face the additional tariffs on their metal content. Cobden says in the statement issued Thursday that Canada should retaliate with a 50 per cent tariff on all U.S. steel entering Canada, including ending an 'ill-advised' April reprieve on U.S. steel used in manufacturing and processing. On Wednesday, Hamilton, Ont., mayor Andrea Horwath said Trump's latest 'underhanded move to quietly expand U.S. tariffs' is devastating for the city, adding she's reached out to both the provincial and federal governments to push them to act. Read More Columnists Toronto & GTA Sunshine Girls Toronto Maple Leafs Sunshine Girls

Court monitor says it doesn't support Hudson's Bay plan to sell leases to Ruby Liu
Court monitor says it doesn't support Hudson's Bay plan to sell leases to Ruby Liu

CTV News

time24 minutes ago

  • CTV News

Court monitor says it doesn't support Hudson's Bay plan to sell leases to Ruby Liu

Billionaire Ruby Liu listens during an interview at a former Hudson's Bay-owned Saks Off 5th department store after a "handover ceremony" where she received the keys to the space at Tsawwassen Mills shopping mall that she owns, in Tsawwassen, B.C., on Thursday, June 26, 2025. THE CANADIAN PRESS/Darryl Dyck TORONTO — The court-appointed monitor overseeing Hudson's Bay's creditor protection case says it's against landlords being forced to accept a B.C. billionaire's plan to buying more than two dozen of the retailer's leases. In a new court filing made overnight, Alvarez & Marsal says it does not agree that landlords should be forced to accept Ruby Liu as a tenant even while it says it supports the sales process that ended with her chosen to buy 28 of the Bay's leases. Liu purchased three Bay leases at her own B.C. malls for $6 million, but her deal to buy the other 25 for $69.1 million has faced opposition from one of the retailer's biggest lenders and most of its landlords. They say the leases don't allow for the dining, entertainment and recreational spaces Liu has talked about opening within the department stores she will operate in the properties. They also say Liu's timelines and budgets are too unrealistic given the amount of work and repairs their properties need. Liu says she doesn't think the spaces need all of the repairs landlords are demanding because the Bay was operating in the spaces without the renovations. If they are necessary, she says her company will do them, even if they exceed her current budget. --- Tara Deschamps, The Canadian Press This report by The Canadian Press was first published Aug. 21, 2025.

Polymath Builds Global Momentum with New Partnerships Across Europe and North America
Polymath Builds Global Momentum with New Partnerships Across Europe and North America

Globe and Mail

time24 minutes ago

  • Globe and Mail

Polymath Builds Global Momentum with New Partnerships Across Europe and North America

Partnerships include collaborations with Black Manta Capital Partners and Patina Capital, showcasing Polymath's expanding global presence and interconnected network of trusted partners Toronto, Ontario--(Newsfile Corp. - August 21, 2025) - Polymath Research Inc. (Polymath), the tokenization blockchain infrastructure company for private markets, has announced a series of strategic partnerships with global tokenization and digital assets organizations. These collaborations strengthen Polymath's global reach and advance the organization's goal of increasing the adoption of tokenization across traditional markets. From European capital markets and community-focused tokenization projects in the U.S., Polymath is establishing a robust infrastructure for market tokenization. The announced partnerships are: Black Manta Capital Partners, a pioneer in the regulated tokenization of assets, will license Polymath's white-label Capital Platform to deliver tokenization and asset management services across Europe, adding deal flow and regulatory expertise to Polymath's network. Real estate investment firm, Patina Capital, is pioneering community-focused real estate tokenization with its $375M Westinghouse development in Cleveland, Ohio, enabling local residents to invest in large-scale regeneration projects through the licensing of Polymath's white label Capital Platform. CycleX, the digital asset infrastructure firm, will combine its end-to-end fund management expertise with Polymath's purpose-built security token blockchain to streamline tokenization of real-world assets, enhancing issuance and lifecycle management for a wide range of asset classes. These announcements follow additional collaborations with Polymesh, including partnerships with Ocree Capital, REtoken, Republic, AlphaPoint, and Paysafe, as well as Wallet Tech integrations with Dfns and GK8 by Galaxy. REtokens USA Inc. has successfully tokenized approximately $66 million in real estate offerings on Polymesh, with an additional $34 million in contracted projects currently underway. In total, this represents $100 million in tokenized real estate offerings, showcasing how Polymesh provides the secure, transparent, and purpose-built infrastructure that makes large-scale real estate tokenization possible. "Traditional financial institutions don't have faith that tokenization is secure and reliable," said Vince Kadar, CEO of Polymath. "That's why we're establishing these partnerships. By building an ecosystem of trust and reliability, we can enable traditional institutions to have faith in tokenization. From sophisticated institutional collaborations in Europe to community projects in the American Midwest, we're proving that tokenization can create inclusive pathways to wealth creation while maintaining the highest standards of regulatory compliance." The announcement comes as Polymath nears completion of its current funding round, expected to close on September 4, 2025, ahead of its previously announced anticipated public listing by way of a reverse takeover transaction with AnalytixInsight Inc., indicating its market traction and the scalability of its technology across diverse asset classes and jurisdictions. -ENDS About Polymath Research Inc. Polymath is the fintech company tokenizing the global financial system. The company is transforming the private securities market with a white-label SaaS platform that tokenizes real-world assets. Scalable and highly customizable, Polymath lets issuers design compliant, efficient issuance flows while integrating via APIs with custodians, fund-management platforms, cap-table tools, CRM systems, and KYC/AML providers. Polymath brings institutional-grade security, liquidity, and efficiency to private markets. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements that are based on Polymath's expectations, estimates and projections regarding its business and the economic environment in which it operates. Forward-looking statements can be identified by the use of forward-looking words such as "will", "can", "expect", "intend", "believe", "continue" or similar words or the negative thereof, and include the following: the implementation of collaborations with Black Manta Capital Partners and Patina Capital, the outcomes of such collaborations and partnerships, the completion of Polymath's current funding round, Polymath's potential global presence and interconnected network, Polymath's ability to transform the private securities market, to increase adoption of tokenization across traditional markets and future infrastructure for market tokenization and to establish trust, reliability or faith in tokenization, and Polymath's capacity to create pathways to wealth and maintain regulatory compliance. Although Polymath believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and Polymath undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store