- As a vertically integrated company, SolarBank has a full-service solar integration and support offering, handling development, construction, and ownership, Lu said.
- The company’s current pipeline includes solar, battery storage, and EV charging projects, totaling over 1 gigawatt of capacity across Canada and the U.S.
- SolarBank is currently developing four large-scale battery energy storage systems – three in Ontario and one in New York.
- CEO Richard Lu explained why battery energy storage plays an essential role in the modern electricity grid, helping address renewable energy intermittencies and ensuring enhanced reliability of supply.
- The company currently owns approximately $180 million in assets as of its last fiscal quarter and is working to expand its portfolio with major infrastructure projects.
Disseminated on behalf of SolarBank Corporation
SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., aims to deliver reliable clean and renewable power to keep people’s lights on and keep people connected by helping power data centers, as detailed by CEO Richard Lu during two separate podcasts recently: InvestorBrandNetwork’s Bell2Bell and Electrek’s Quick Charge.
“When you look at civilization over the years, originally, we depended on the sun to give us light for agriculture. Then, we relied on burning oil to break the darkness of the night. During industrialization, electricity allowed us to keep the lights on and now keeps us all connected,” Lu told Carmel Fisher, host…
NOTE TO INVESTORS: The latest news and updates relating to SUUN are available in the company’s newsroom at https://ibn.fm/SUUN
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