PowerBank Corporation announced a lease agreement for a 5 MW AC hybrid solar‑plus‑battery energy‑storage project located on NY‑Conklin Hill Rd in upstate New York. The project combines a 5‑MW solar array with a battery system designed to provide both generation and storage services to the local grid.
The lease positions PowerBank to capture incentives from the New York State Energy Research and Development Authority’s NY‑Sun Program and the Retail Storage Incentive Program. These programs support community solar and distributed storage projects up to 5 MW, allowing the project to operate as a community solar plus storage facility that delivers renewable energy credits and storage capacity to local subscribers while meeting state renewable‑energy targets for 2030.
PowerBank’s development pipeline exceeds 1 GW and the company has completed over 100 MW of renewable projects. Adding this 5‑MW project strengthens its portfolio in a state with a robust incentive framework, reinforcing the company’s strategy to grow distributed solar and storage assets in high‑incentive markets.
In a related development, PowerBank terminated sales of two previously announced projects—Gainesville and Highway 28—due to permitting delays, but two other projects from that transaction (Hardie and Rice Road) remain on schedule for commercial operation in Q1 2027, underscoring the company’s broader project‑development activity and resilience to regulatory headwinds.
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