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Associated Press
08-07-2025
- Business
- Associated Press
IBN Coverage: SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Advances 7.2 MW New York Solar Project Following Key Regulatory Approval
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - July 8, 2025 ( NEWMEDIAWIRE ) - Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced that its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York has cleared the Coordinated Electric System Interconnection Review (CESIR), a major regulatory milestone. The project, which will power approximately 850 homes through New York's grid, is backed by the state's VDER compensation mechanism and may qualify for up to US$0.395/W DC in NYSERDA NY-Sun incentives. Structured as a community solar project, it offers residents and businesses bill credits without on-site installations. With over 100 MW built and a pipeline exceeding 1 GW, SolarBank is accelerating permitting and financing to move into construction, supporting New York's goal of 6 GW installed solar by 2025. To view the full press release, visit About SolarBank Corporation SolarBank 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, Battery Energy Storage System (BESS) and EV Charging 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. For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to SUUN are available in the company's newsroom at Forward Looking Statements 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. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBN Los Angeles, California 310.299.1717 Office [email protected] View the original release on
Globe and Mail
08-07-2025
- Business
- Globe and Mail
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) Advances 7.2 MW New York Solar Project Following Key Regulatory Approval
Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced that its 7.2 MW Hoadley Hill Road ground-mount solar project in upstate New York has cleared the Coordinated Electric System Interconnection Review (CESIR), a major regulatory milestone. The project, which will power approximately 850 homes through New York's grid, is backed by the state's VDER compensation mechanism and may qualify for up to US$0.395/W DC in NYSERDA NY-Sun incentives. Structured as a community solar project, it offers residents and businesses bill credits without on-site installations. With over 100 MW built and a pipeline exceeding 1 GW, SolarBank is accelerating permitting and financing to move into construction, supporting New York's goal of 6 GW installed solar by 2025. To view the full press release, visit About SolarBank Corporation SolarBank 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, Battery Energy Storage System (BESS) and EV Charging 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. For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Corporate Communications
Business Journals
01-07-2025
- Business
- Business Journals
Redefining comfort: How Standard is transforming homes in the Capital District
If you've driven past 80 Fuller Road lately, you might have noticed some changes. Standard Heating, Cooling & Insulating is giving its Albany office a major upgrade — adding 4,000 square feet of new space, fresh renovations, and a whole lot of energy. The transformation reflects more than just drywall and fresh paint. It marks a moment of real momentum for a company that's growing fast and deepening its roots in the Capital District. Inside the building, there's more elbow room — along with a showroom, dedicated spaces for staff training, new hire onboarding, and equipping employees with the tools and technology they need to continue delivering top-notch service. The expansion comes at a pivotal time. Standard continues to scale statewide, helping thousands of New Yorkers improve the comfort and efficiency of their homes through insulation, HVAC and weatherization upgrades — many of which are delivered free or at a discount through programs like NYSERDA's Empower New York. As one of NYS's leading Empower providers, Standard has delivered more than $20 million in free home energy upgrades in 2024 alone. expand A whole-home, science-backed approach At Standard, we believe the HVAC system is the heart of the home — and just like your own heart, it relies on many other systems working together. That's why we don't offer quick visual estimates. Instead, we take a whole-home approach using advanced diagnostic tools like blower door testing and room-by-room sizing software to design systems that are safe, efficient, and built for lasting performance. This thoughtful process does more than ensure year-round comfort — it helps customers qualify for the highest rebates available through NYSERDA and local utilities. And it's led by Standard's in-house design team, a group of building science experts who craft custom solutions based on each home's unique needs. From attic to basement, no two homes are treated the same — and no recommendation is made without data to back it up. 'We're not here to sell people things they don't need,' said CEO Jenn Keida. 'Our design team makes sure every customer gets a solution that's right for their specific home. It's thoughtful, it's science-based, and it works.' Service that puts customers first Standard's commitment to doing what's right doesn't end with design. The company also offers free service visits when no parts are needed and the repair takes under an hour — a rare policy in the industry that reflects Standard's dedication to fairness and transparency. 'When another company told me I needed a $10,000 furnace, I didn't know what to do,' said Thomas White, a homeowner in the Capital District. 'Standard came out, fixed it for free, and I still can't believe it. They were honest, respectful, and truly lived up to their name.' This customer-first mindset is baked into every part of the business — from how projects are planned to how follow-ups are handled. It's one of the many ways Standard is redefining what homeowners can expect from a service provider. expand Building for the future The newly expanded Albany location is designed to support this mission. With more space for collaboration, training, and customer care, the office will serve as a hub for growing the team, strengthening service, and deepening the company's connection to the Capital District. A ribbon-cutting ceremony is planned for later this summer to celebrate the new space — and everything it represents. But for the Standard team, the real celebration is in what's ahead: expanding access to energy efficiency, continuing to invest in local talent, and delivering solutions that truly make homes more comfortable. To learn more about Standard or to schedule a free home energy assessment, visit For more than 95 years, Standard has provided insulation, heating, cooling, air purification, and home testing services to customers in the Mohawk Valley and Capital Region of Upstate New York. Committed to being the region's go-to comfort provider, Standard focuses on cutting-edge technology and innovative solutions that ensure a complete and thorough understanding of the whole home.
National Observer
30-06-2025
- Business
- National Observer
Trump's anti-offshore wind ire leading US states to look north for Atlantic Canada clean power
Massachusetts is among the American states exploring sourcing electricity from planned offshore wind farms in Atlantic Canada, following the US market-stalling moratorium imposed on the industry by the Trump administration earlier this year. The state, home to the pioneering 800-megawatt Vineyard Wind 1 project brought online last year, is one of six in the US Northeast aiming to shift to renewable energy-based power grids before 2040. But a representative from the Massachusetts energy department suggested they were being forced to rethink options for reaching a targeted 5,600 MW of offshore wind power this decade since Donald Trump — who has long been a vociferous opponent of ' windmills ' — made good on a threat to halt a number of multi-billion dollar projects on ' day one ' of his second presidency. Maria Hardiman, spokesperson for the Massachusetts Executive Office of Energy and Environmental Affairs, told Canada's National Observer her department was now in 'regular communication' around developing 'new energy sources,' including Canadian offshore wind that would allow it to lower electricity costs and boost energy independence in the state and the wider US Northeast. 'Building on our efforts to connect our regions through transmission, there are significant opportunities to construct new onshore and offshore wind projects across Canada and the [North American] northeast,' she said. 'We will continue to explore these partnerships to bring down energy bills and bolster the energy independence of our region.' Industry insiders say other states in the region, led by New York, are investigating tapping projects off the province of Nova Scotia, which is set for a first leasing of construction sites later this year. "These US Northeast states' options to meet their clean energy targets with onshore renewables are quite limited. So for this reason, large-scale Canadian offshore wind could come into the picture," says Aegir Insights' Signe Sorensen Yet, Massachusetts was the only state that would specifically comment on whether it was looking to source Canadian offshore wind power, when approached by Canada's National Observer. A spokesperson for the New York State Energy Research and Development Authority (NYSERDA), a public-benefit corporation that handles power procurement for the state — which has a nation-leading target of bringing 9,000 MW of offshore wind onto its grid by 2035 — said it 'continues to be focused on advancing the offshore wind industry in the US.' 'We applaud Canada for growing its offshore wind industry which will help to spur additional innovation and support expansion in the North American market,' NYSERDA spokesperson Deanna Cohen told Canada's National Observer. States keeping projects low-profile Industry observers suggest many states have opted to progress projects in 'relative silence,' hoping that keeping a low profile will save their developments from Trump's anti-offshore wind ire. However, several market analysts believe Trump's pullback on what had been a steadily-maturing US offshore wind sector will mean there is a 'golden opportunity' for Canada to deliver power to key markets south of the border. 'The US, which was expected to become one of the world's main [offshore wind] markets, is now going in completely the opposite direction for political reasons,' said Signe Sørensen, an analyst with Danish offshore wind consultancy Aegir Insights. 'This could matter a lot to Canada.' The New England states have been 'spearheading the US build-out, procuring lots of offshore wind' as part of former US President Joe Biden's objective of adding 30,000 MW of production by 2030, she said. 'Delays to construction now will have ramifications far beyond Trump's term. 'These states' options to meet their clean energy targets with onshore renewables are quite limited,' said Sørensen. 'So for this reason, large-scale Canadian offshore wind could come into the picture.' John Dalton, president of Power Advisory, a US power sector consulting firm, told Canada's National Observer there was 'definitely a case' for future offshore wind production from Atlantic Canada being exported to New England. 'The Trump administration has largely derailed the realization of the [US Northeast's] electricity market's clean energy and offshore wind goals,' he said. 'States will be pivoting to other resources … with policymakers very focused on securing low [electricity] costs.' Nova Scotia offshore wind price 'very favourable' A price check between power purchase agreements finalized by US states with developers for wind farms now being built off the US — including the multi-billion-dollar Empire Wind 1 and Sunrise Wind off New York and Revolution Wind off Rhode Island, which would together power well over 1 million American homes — and a number of the proposed projects off Nova Scotia compares 'very favourably' the Canadian sector. 'The economics of Nova Scotian offshore wind would certainly be competitive with these and future US offshore wind projects,' said Sørensen, though she declined to provide hard 'levelized cost of energy' figures – the industry benchmark metric for the cost of a project over its lifetime compared to the revenue generated by purchase power agreements, citing commercial confidentiality. Aegir CEO Scott Urquhart noted: 'Nova Scotia has a huge area of shallow water that could house tens of gigawatts [tens of thousands of megawatts] with excellent economics. Looking at distance to markets, interconnections to the US are not a crazy idea — they've been doing similar distances off Europe for years.' Given the historically high electricity prices in the US Northeast and the fast-rising power demand forecast, Aegir calculations suggest Nova Scotian offshore wind supply could fit well with states' pursuits of a strategy led by greater diversification of clean energy sources. Atlantic Canada's rich wind resource Winds rush along the coastlines of Canada's Maritime provinces at speeds similar to those off Northern Europe — at roughly 40 km/h — where offshore wind farms have been generating power to the grid for more than 30 years and have led to the development of a sector employing over 300,000 people. Canada's Atlantic Economic Council said last year that offshore wind off Nova Scotia could become a $7-billion market by 2030, creating an initial 5,000 jobs amid other benefits for regional economies. Nova Scotia is set to hold its first auction, where waters would be leased to developers to harness a first 5,000 megawatts (MW) of energy, before the end of 2025. The Global Wind Energy Council, an industry body, said in its most recent annual report Canada could add a first 1,000 MW by 2034. But under the aegis of making Canada an 'energy superpower,' Nova Scotia Premier Tim Houston has pitched a 40,000 MW project called Wind West as a means of meeting 27 per cent of the country's total energy demand. Multi-billion-dollar visions of a massive offshore wind-powered transmission trunkline running along North America's Atlantic coastline are not new. Several long-distance power transmission projects have been considered over the past decade, including the high-profile Atlantic Wind Connection backed by Google, Swiss green-energy private-equity house Good Energies, Japanese industrial conglomerate Marubeni, and Belgian transmission system operator Elia.
Yahoo
26-06-2025
- Business
- Yahoo
New York offering up to $750K for facility decarbonization projects
This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. New York state is offering up to $750,000 in state cost-sharing funding for building and campus decarbonization efforts that use ground-source heat pumps, waste heat recovery, thermal energy storage and other low-emissions technologies. Applications are due July 31. The New York State Energy Research and Development Authority's Large-Scale Thermal program encourages property owners to pursue high-efficiency, 'grid-friendly' electrification projects, NYSERDA Program Manager Sue Dougherty said in a presentation at the International District Energy Association annual conference earlier this month. The $10 million program is open to systems that provide heating, cooling and hot water to single buildings with at least 100,000 square feet of conditioned space or multibuilding campuses with at least 250,000 conditioned square feet, NYSERDA says. State funding opportunities like the Large-Scale Thermal program are key to New York's efforts to significantly reduce the environmental impact of its roughly 6 million buildings in the coming decades, Dougherty said. The state wants 85% of its buildings to use clean heating technologies like heat pumps and thermal energy networks by 2050, the same year its statutory net-zero statewide GHG emissions target kicks in. 'We're not going to do all *6 million buildings, and we really don't have to,' Dougherty said. 'But we will need to do a significant number, and our solutions will need to address existing, older buildings and newer buildings getting built [today].' The Large-Scale Thermal program is accepting applications for its third funding round through July. Successful applicants will receive state funding equal to 50% of total project design costs, with maximum funding up to $300,000 for new construction and $750,000 for existing buildings. The project economics tend to work best for existing facilities with aging heating and cooling infrastructure, new construction and larger buildings or campuses that can achieve 'economies of scale,' Dougherty said. The program considers a wide range of high-efficiency, low-emissions heating and cooling technologies, Dougherty said. These include, but are not limited to, heat pumps that tap into ground, air and surface water resources; building and wastewater heat recovery systems; solar thermal systems; and thermal energy storage systems. 'We are looking for opportunities to help [building owners] accomplish a goal, not prescribing how it's done,' she said. NYSERDA is particularly interested in 'grid-friendly' projects that can shift electric loads away from periods of peak demand by participating in utility demand response programs or using on-site thermal energy storage, Dougherty added. 'We are hoping we can continue to increase the growth of thermal storage and other solutions that can take strain off the grid,' she said. This latest effort complements prior state-led initiatives to decarbonize facilities, campuses and neighborhoods. Beginning in 2021, for example, the Community Heat Pump Systems program funded feasibility studies, design phases or construction for thermal energy networks at more than 50 sites across New York. Dougherty called out several in her presentation, including a ground-source heat pump system at a pair of new residential towers in Brooklyn, a feasibility study to replace a district steam loop with an ambient-temperature water loop and wastewater heat recovery system at an 18-building housing cooperative in the Bronx, and a feasibility study to swap a gas-fired steam system and distributed air-cooled chillers for a lower-temperature water loop on part of the Cornell University Agricultural Experiment Station's campus. The New York City projects' space-constrained sites made them useful references for property owners or developers considering thermal energy systems in similarly dense urban environments, Dougherty said. The Brooklyn project is an excellent reference for geothermal borefield design on tight construction sites, she said. A NYSERDA project narrative indicates the Bronx proposal would boost system efficiency by tapping complementary heating and cooling loads from a nearby nursing home, community center and mixed-use commercial building. The Cornell University project shows facility decarbonization doesn't have to be an all-or-nothing endeavor, Dougherty said. The project area will initially retain a gas-fired boiler for peak heating season, in part because the network will serve a research greenhouse that needs to maintain a constant year-round temperature, she said. 'We understand that this is a transition,' Dougherty said. 'We don't expect projects to come to us and tell us they're going to electrify everything tomorrow.' Recommended Reading UAlbany decarbonization project to cut fossil fuel consumption 16% Sign in to access your portfolio
