Governor Kathy Hochul has unveiled New York''s first competitive solicitation for bulk energy storage, aiming to procure 1 gigawatt (GW) of capacity as part of the state''s
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PowerBank (SUUN) has executed a lease agreement on a 5 MW AC hybrid solar plus battery energy storage project known as the NY-Cloverdale Rd project, in upstate New York.
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TORONTO, Dec. 9, 2025 /CNW/ - PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: 103) ("PowerBank" or the "Company"), a leader in North American energy
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The 20 MW Northern New York Energy Storage project installed and operated by the New York Power Authority connects into the state''s electric grid in Chateaugay, NY. It is
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New York has formalized its clean energy goals in a new draft State Energy Plan, setting a course to deploy 9.4 GW of battery energy storage systems (BESS) by 2040. The
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Energy storage is a smart and reliable technology that helps modernize New York''s electric grid, helping to make the grid more flexible, efficient, and
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Energy storage is a smart and reliable technology that helps modernize New York''s electric grid, helping to make the grid more flexible, efficient, and resilient. With thousands of energy
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New York has formalized its clean energy goals in a new draft State Energy Plan, setting a course to deploy 9.4 GW of battery energy
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The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority (" NYSERDA ") NY-Sun Program and the Retail
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PowerBank launches 5 MW AC hybrid solar and battery storage project in New York, supporting distributed solar and energy goals.
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Developers have built 300% more distributed battery energy storage systems (BESS) across New York than utility-scale projects. These projects were prioritized because the Value of
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PowerBank Announces Safe Harbor of 15 Distributed Solar and Energy Storage Projects in New York State Provided by PR Newswire , 4:07:00 AM
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The 20 MW Northern New York Energy Storage project installed and operated by the New York Power Authority connects into the
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The global utility-scale photovoltaic market is experiencing significant growth in Southern Africa, with demand increasing by over 400% in the past five years. Large-scale solar farms now account for approximately 70% of all new renewable energy capacity additions in the region. South Africa leads with 65% market share in the SADC region, driven by REIPPPP (Renewable Energy Independent Power Producer Procurement Programme) and corporate PPAs that have reduced levelized electricity costs by 60-70% compared to traditional power sources. The average project size has increased from 10MW to over 50MW, with standardized EPC approaches cutting installation timelines by 65% compared to traditional solutions. Emerging technologies including bifacial modules and single-axis tracking have increased energy yields by 25-35%, while manufacturing innovations and local content requirements have created new economic opportunities across the solar value chain. Typical utility-scale projects now achieve payback periods of 4-6 years with levelized costs below $0.04/kWh.
Containerized energy storage solutions are revolutionizing power management across Southern Africa's industrial and commercial sectors. Mobile 20ft and 40ft BESS containers now provide flexible, scalable energy storage with deployment times reduced by 80% compared to traditional stationary installations. Advanced lithium-ion technologies (NMC and LFP) have increased energy density by 40% while reducing costs by 35% annually. Intelligent energy management systems now optimize charging/discharging cycles based on real-time electricity pricing, increasing ROI by 50-70%. Safety innovations including advanced thermal management and integrated fire suppression have reduced risk profiles by 90%. These innovations have improved project economics significantly, with commercial and industrial energy storage projects typically achieving payback in 3-5 years through peak shaving, demand charge reduction, and backup power capabilities. Recent pricing trends show standard 20ft containers (500kWh-1MWh) starting at $180,000 and 40ft containers (1MWh-2.5MWh) from $350,000, with flexible financing including lease-to-own and energy-as-a-service models available.