• PowerBank executed procurement agreements for eight distributed solar projects in New York, Pennsylvania totaling about 30 MW DC, 31 MWh storage.
• Procurement aims to safe-harbor projects under the IRS Physical Work Test before the July 4, 2026 deadline to preserve 30% ITC eligibility.
• Portfolio construction value estimated at USD 74.3 million; potential Investment Tax Credits estimated at USD 29.7 million.
• Company now expects 23 solar-storage projects totaling 97 MW DC, 42 MWh to remain eligible for federal tax credits.
• Commercial operation for the eight projects expected over the next several years, subject to permits, interconnection, contracts, financing.

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: 202606090707PR_NEWS_USPR_____TO78917) on June 09, 2026, and is solely responsible for the information contained therein.