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PowerBank Secures SUNY Oneonta 1.628 MW Solar Project with ITC Benefit

Sep 3, 2026, 7:49 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Direct contract win with NYPA and ITC upside improve economics; adds to PBK's visible backlog, supporting valuation near-term despite the small project size.

AI summary

What happened, with direct paths to the underlying reporting

PowerBank announced a NYPA-backed contract to develop and own a 1.628 MW DC solar array at SUNY Oneonta. The $3.58 million project is eligible for roughly $1.4 million of federal ITC, with construction anticipated after permitting. This win expands PowerBank’s NY pipeline and reinforces its execution capabilities in a growing distributed solar market.

PowerBank wins SUNY Oneonta 1.628 MW DC solar contract via NYPA.
Project value about $3.58 million; estimated $1.4 million federal ITC.
Behind-the-meter array powers campus facilities, about 205 homes worth of energy.
PowerBank's pipeline exceeds 1 GW; over 100 MW completed to date.

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