SolarBank Corporation, known on the NASDAQ as SUUN, Cboe CA as SUNN, and FSE as GY2, has announced its rebranding to PowerBank Corporation, effective July 28, 2025. This change reflects the company’s strategic pivot from solely focusing on solar energy to embracing a broader spectrum of power and energy solutions. The rebranding, approved by shareholders on July 23, underscores the company’s commitment to diversifying its energy portfolio while maintaining its current trading symbols and shareholder rights unchanged.

The transition to PowerBank Corporation is a clear indication of the company’s ambition to play a more significant role in the North American energy infrastructure sector. By expanding its focus beyond solar to include diversified power and energy solutions, PowerBank Corporation is positioning itself to meet the evolving demands of the energy market. This move is expected to enhance the company’s ability to develop and own a wider range of energy projects, including Battery Energy Storage System (BESS) and EV Charging projects, thereby offering more comprehensive solutions to utilities, commercial, industrial, municipal, and residential off-takers.

With a potential development pipeline of over one gigawatt and a track record of developing renewable and clean energy projects with a combined capacity of over 100 megawatts, the rebranded PowerBank Corporation is poised for significant growth. The company’s strategic shift is not only a reflection of its current capabilities but also its future aspirations in the rapidly changing energy landscape. For more details on the rebranding and its implications, the full press release can be accessed here.

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