• PowerBank reached commercial operation on 4.99 MW battery energy storage project BESS SFF 06 in Cramahe, Ontario, starting revenue-producing operations.
• Project holds 22-year IESO contract won in July 2023 under E-LT1 RFP, with fixed capacity payment of $1,221/MW per business day; 4.74 MW of daily contract capacity available for 251 business days per year.
• Financing arranged via $28.1 million combined loan from Royal Bank of Canada covering BESS SFF 06 and BESS 903; ProjectCo is borrower.
• Company holds indirect 50% stake in ProjectCo, with remaining 50% held by partnership formed by First Nations communities in Ontario.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerbank Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: TO50921) on May 05, 2026, and is solely responsible for the information contained therein.