PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103): Name Change Signals Broader Energy Strategy and Investor Growth Potential

LOS ANGELES, CA - August 13, 2025 (NEWMEDIAWIRE) - Disseminated on behalf of PowerBank Corporation

SolarBank Corporation has changed its name to PowerBank Corporation to better align with its expanding clean energy portfolio. PowerBank develops solar and battery storage projects in the U.S. and Canada. The firm holds a project pipeline exceeding one gigawatt and a built project base of 100 MW. A recently announced $100 million financing with CIM Group is set to accelerate U.S. project construction. U.S. tax incentives and Canadian contract programs position the company for stable growth and investor appeal.

SolarBank Corporation, a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., is now PowerBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103), a move that underscores the company's evolving business model and its role in powering the digital economy. The name change, effective July 28, 2025, was approved by shareholders and reflects a strategic shift from a solar-centric identity toward a broader energy infrastructure platform (https://ibn.fm/CDCjI).

Trading under the same stock tickers, the newly renamed PowerBank Corporation aims to clarify its market position as a provider of diversified clean energy solutions, including solar and battery storage. No changes were made to the company's share capital, and shareholders are not required to take

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About PowerBank

PowerBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects inCanadaand theUSA. The Company develops solar and Battery Energy Storage System (BESS) projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leadingNorth Americamarkets including projects with utilities, host off-takers, community solar, and virtual net metering projects. 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. To learn more about PowerBank, please visitwww.powerbankcorp.com.

This report contains forward-looking information. Please refer to https://ibn.fm/epWbE for additional details.

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Forward Looking Statements

Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law.

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