Dr. Richard Lu reports

AI DATA CENTER STRATEGY DRIVES POWERBANK'S CORPORATE REBRAND

Powerbank Corp. has launched its refreshed corporate website and has changed its trading symbols on Nasdaq and Cboe Canada exchange to PBK. These rebranding efforts reflect the company's expanded strategic vision as artificial intelligence compute infrastructure and modular data centres emerge as a key pillar alongside its core renewable energy development and independent power producer platform.

The refreshed website presents Powerbank as a North American power company positioned at the intersection of power generation and next-generation digital infrastructure. This articulates the company's view that its portfolio of solar and battery energy storage system sites across Canada and the United States represents a strategic asset base with the potential to co-locate and power distributed AI compute infrastructure.

The rebranding also includes the official change of the company's ticker symbol from SUUN on Nasdaq and SUNN on Cboe Canada Exchange to PBK on both exchanges. This change was previously announced and conveys that Powerbank's business has expanded beyond solar photovoltaic and battery storage to include the new strategic focus on providing solutions for AI compute infrastructure and modular data centres.

The rebranding follows the company's recent announcement of the core strategic growth vertical and the announcement of a letter of intent with Nodiac Corp. with plans to leverage Powerbank's portfolio of solar and BESS sites for the deployment of distributed AI compute infrastructure, and reflects management's view that the convergence of renewable energy and AI infrastructure represents a significant and durable opportunity.

Dr. Richard Lu, chief executive officer of Powerbank, commented: "Our new corporate brand tells the full story of what Powerbank is building. Our team now works at the convergence of energy and digital infrastructure. The same assets we develop, own and operate to generate renewable electricity are increasingly valuable as the foundation for distributed AI compute. As demand for power-secure, lower-cost AI infrastructure grows, our pipeline of over one gigawatt of solar and storage projects positions us uniquely to serve that market. This rebranding is a signal to our partners, customers and investors that we see this as a defining opportunity for the company."

About the strategic direction

Powerbank's existing development pipeline totals at over one gigawatt across solar energy projects and battery storage, with projects spanning New York, Ontario, Nova Scotia, Pennsylvania and other North American markets. The company's strategy continues to encompass full-cycle renewable energy development, from site origination through EPC, operations and maintenance, and IPP ownership, while expanding into the co-location of modular data centre infrastructure at suitable sites within its portfolio.

The AI compute infrastructure vertical is being advanced in parallel with the company's near-term construction milestones, including the spring 2026 mobilization of nine New York State solar and storage projects and the commercial operation of the SFF 06 BESS project in Ontario.

The LOI is not a definitive agreement. Nodiac and Powerbank will collaborate on deploying modular data centres at suitable sites within Powerbank's portfolio, with definitive agreements to be negotiated on a site-by-site basis. The construction of any modular data centre is subject to the conclusion of a definitive agreement, receipt of required permits, technical feasibility and financing arrangements being in place.

There are several risks associated with the development of the projects disclosed in this news release. The development of any project is subject to receipt of a community solar contract, receipt of interconnection approval, receipt of required permits, the availability of third party financing arrangements for the company to finance the construction of the projects, and the risks associated with the construction of a solar or battery energy storage project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar or battery storage, which could result in future projects no longer being economic.

About Powerbank Corp.

Powerbank is a vertically integrated and independent North American clean energy company helping to power the digital economy. The company develops, builds, owns and operates solar and battery energy storage systems that deliver reliable, resilient and clean grid and behind-the-meter power to the electricity grid, commercial and industrial clients, and municipal and residential offtakers. As AI and digital infrastructure drive unprecedented electricity demand, Powerbank is uniquely positioned to deliver the speed, scale and energy independence that the next generation of power consumers requires, without waiting years for grid interconnection. 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.

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