SUUN News & Events

PowerBank announced that its 3.1 MW NY-South Park community solar project located on a closed landfill site in Buffalo, New York has been approved for $841,555 in incentives through the New York State Energy Research and Development Authority NY-Sun Program. The Project was most recently discussed in a permitting progress update shared here. The Project is expected to qualify for up to an additional $730,234 USD in NYSERDA incentives through the NY-Sun Inclusive Community Solar Adder and the Retail Energy Storage Incentive Program, for a total of up to $1,571,789 USD in NYSERDA funding. Once constructed and operational, following receipt of financing and required permits, the Project is expected to be operated as a community solar project. Community solar is a solar photovoltaic system interconnected directly to the local electricity grid via distribution lines. By subscribing to a project, a homeowner earns credits on their electric bill every month from their portion of the solar that is generated by the project, accessing the benefits of solar without installing panels on their home. The Project advances New York's path to 10 GW of solar by 2030.

PowerBank has executed three lease agreements on battery energy storage systems, known as the Round Hill Rd project, the Montana Rd project and Genesee Rd project, in upstate New York. Each project has the capacity to hold up to 5 MW AC and discharge over 4 hours, totaling 60 megawatt hours of combined battery energy storage capacity. The Projects are expected to be eligible for incentives under the New York State Energy Research and Development Authority, or NYSERDA, Retail Storage Incentive Program and compensation under New York's Value of Distributed Energy Resources mechanism. The company is in the process of initiating the preliminary screening analysis as part of the interconnection process. Assuming receipt of interconnection approval, the company will work to complete the permitting process and secure the necessary financing for the construction of the Projects. The Projects advance New York's path to 10 GW of distributed solar and 6GW of energy storage by 2030.