26-03-2025
IBN Coverage: SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) CEO Richard Lu Discusses Company Mission, Near-Term Goals on Bell2Bell, Quick Charge Podcasts
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LOS ANGELES, CA - March 26, 2025 ( NEWMEDIAWIRE) - Disseminated on behalf of SolarBank Corporation
As a vertically integrated company, SolarBank has a full-service solar integration and support offering, handling development, construction, and ownership, Lu said.
The company's current pipeline includes solar, battery storage, and EV charging projects, totaling over 1 gigawatt of capacity across Canada and the U.S.
SolarBank is currently developing four large-scale battery energy storage systems – three in Ontario and one in New York.
CEO Richard Lu explained why battery energy storage plays an essential role in the modern electricity grid, helping address renewable energy intermittencies and ensuring enhanced reliability of supply.
The company currently owns approximately $180 million in assets as of its last fiscal quarter and is working to expand its portfolio with major infrastructure projects.
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., aims to deliver reliable clean and renewable power to keep people's lights on and keep people connected by helping power data centers, as detailed by CEO Richard Lu during two separate podcasts recently: InvestorBrandNetwork's Bell2Bell and Electrek's Quick Charge.
'When you look at civilization over the years, originally, we depended on the sun to give us light for agriculture. Then, we relied on burning oil to break the darkness of the night. During industrialization, electricity allowed us to keep the lights on and now keeps us all connected,' Lu told Carmel Fisher, host…
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Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.
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