Ms. Tracy Zheng reports

POWERBANK ANNOUNCES 60 MWH OF BATTERY ENERGY STORAGE CAPACITY ACROSS THREE NEW UPSTATE NEW YORK PROJECTS

Powerbank Corp. has executed three lease agreements on battery energy storage systems, known as the Round Hill Road project, the Montana Road project and the Genesee Road project, in upstate New York. Each project has the capacity to hold up to five megawatts alternating current and discharge over four hours, totalling 60 megawatt-hours of combined battery energy storage capacity. The projects are expected to be eligible for incentives under the New York State Energy Research and Development Authority retail storage incentive program and compensation under New York's value of distributed energy resources mechanism.

Battery energy storage is one of the fastest-growing power technologies in the world today. According to the IEA's Global Energy Review 2026, 108 gigawatts of new capacity was deployed globally in 2025 -- a 40-per-cent year-over-year increase -- bringing total installed capacity to 11 times its 2021 level. In the United States, 18.9 GW was installed in 2025, up 52 per cent from 2024, with 500 gigawatt-hours of additional capacity projected between 2026 and 2031. Two factors are driving this growth: the need to balance a grid increasingly supplied by variable renewable sources and rising electricity demand from artificial intelligence data centres, which have been identified as a contributing driver for the 353 GWh of new global storage capacity expected in 2026. California, Massachusetts and New York are among the leading U.S. storage markets, supported in part by state programs such as the NYSERDA retail storage incentive program.

The company is in the process of initiating the preliminary screening analysis as part of the interconnection process. Assuming receipt of interconnection approval, the company will work to complete the permitting process and secure the necessary financing for the construction of the projects.

Powerbank's proven expertise, with over 100 MW of completed projects and a development pipeline exceeding one GW, underpins the project's execution. Strategic partnerships and institutional-grade development capabilities position Powerbank to deliver reliable, high-impact renewable energy solutions.

The projects advance New York's path to 10 GW of distributed solar and six GW of energy storage by 2030. The state leads the United States in community solar capacity, having achieved the New York State Climate Act six-gigawatt solar goal in the fall of 2024.

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, electricity grid, and municipal and residential offtakers. As artificial intelligence 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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