POWERBANK Corp
For the period ended Jun 30, 2024. Filed Oct 1, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2024 · Filed Oct 1, 2024
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Contents
EX-99.5 · ● Projects under development
Projects under development
| Name | Location | Size (MWDC) | Timeline | Milestone | Expected Cost ($) | Cost Incurred ($) | Sources of Funding | Current Status |
|---|---|---|---|---|---|---|---|---|
| 261 Township | Alberta, Canada | 4.2 | June 2024 | NTP | 800,000 | 155,697 | Equity financing, working capital | Phase 1 construction started in July 2024.Interconnection for Phase 2 is being prepared to submit after the interconnection agreement is executed for phase 1 with Fortis. |
| Hardie | New York, USA | 7.0 | December 2024 | NTP | 1,355,000 | 1,207,453 | Equity financing, working capital | The project received interconnection approval and is in the final stage of permitting process. |
| 6882 Rice Road (East Bloomfield) | New York, USA | 5.2 | December 2024 | NTP | 2,580,000 | 128,471 | Equity financing, working capital | The project received interconnection approval and is in the final stage of permitting process. |
| SUNY | New York, USA | 28.0 | December 2025 | Completion of interconnection studies, engineering and permitting, along with interconnection deposit, and procurement bid application fee | 900,000 | 170,975 | Equity financing, working capital | The Company is preparing an interconnection request to New York Independent System Operator under the new cluster study rules. The interconnection window was open on August 1st, 2024. The company signed a lease agreement with the landowner in 2022. It has also qualified to submit a Proposal under NYSERDA’s RESRFP22-1 for Renewable Energy Credits (RECs). |
| NS Projects | Nova Scotia, Canada | 31.0 | December 2025 | NTP | 900,000 | 180,292.85 | Equity financing, working capital | The company is preparing the application package for the Community Solar Program. |
|---|---|---|---|---|---|---|---|---|
| Black Creek | New York, USA | 3.2 | December 2025 | NTP | 700,000 | 24,188 | Equity financing, working capital | The project is under interconnection study |
| Orleans Projects | New York, USA | 30 | December 2024 | NTP | 9,150,000 | 57,048 | Equity financing, working capital | The project is under interconnection study. |
| Oak Orchard | New York, USA | 7 | June 2025 | NTP | 1,900,000 | 27,982 | Equity financing, working capital | The project is under interconnection study. |
| Boyle | New York, USA | 5.4 | June 2025 | NTP | 1,150,000 | 14,567 | Equity financing, working capital | The project is under interconnection study |
| Camillus | New York USA | 3.15 | September 2024 | NTP | 1,700,000 | 2,169,644 | Equity financing, working capital | The project received interconnection approval and is in the final stage of permitting process. |
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