PowerBank Corporation, a leading developer and operator of distributed solar energy, battery storage, and clean energy infrastructure across North America, has announced that its largest owned-and-operated project in the U.S. — the 3.79 MW Geddes Solar Power Project in New York State is now fully operational. Located on a repurposed landfill in Geddes, this utility-scale, ground-mounted solar project is expected to generate enough clean electricity to power approximately 450 homes each year, while converting an underused site into a productive and environmentally sustainable energy asset.
Beyond its contribution to renewable energy, the Geddes Project also marks the official launch of PowerBank’s innovative Bitcoin treasury strategy. As part of this approach, the company plans to allocate net cash flows from high-performing assets like Geddes toward the purchase of Bitcoin, positioning it as a digital reserve asset. This hybrid model allows PowerBank to retain earnings in a non-correlated store of value with long-term appreciation potential, blending energy generation with strategic financial diversification.
The company views Bitcoin as an asymmetric upside asset that can complement its clean energy operations and offer greater financial flexibility. The Bitcoin treasury strategy is still in its early stages. While no Bitcoin purchases have been made to date, the company intends to use excess cash after meeting all operational expenses, capital expenditures, and debt obligations for acquisitions based on market conditions, pricing, liquidity needs, and regulatory considerations. PowerBank is currently finalizing its custody and security frameworks to support future transactions.
Dr. Richard Lu, President and CEO, stated, “This is a pivotal moment for PowerBank. Geddes isn’t just our largest U.S. asset—it’s our launchpad into a bold, dual-track strategy that fuses clean energy leadership with financial innovation. By deploying net cash generated by this project into Bitcoin, we are enhancing the value of our operating assets while aligning ourselves with a future-focused monetary reserve model.”
PowerBank is also exploring the expansion of this treasury strategy across additional solar and battery energy storage projects within its Independent Power Producer (IPP) portfolio. The company sees this as a scalable model that aligns financial innovation with sustainability goals, potentially unlocking new value for its business and stakeholders. For customer engagement and revenue optimization, PowerBank has partnered with Solar Simplified, which manages acquisition, enrollment, and administration for its community solar projects.
This partnership ensures full project subscription and allows PowerBank to focus on growing its renewable energy portfolio while delivering clean energy to local communities. The Geddes Solar Power Project not only reinforces PowerBank’s commitment to environmental transformation but also represents a forward-thinking approach to clean energy finance, where renewable infrastructure and digital assets can coexist to drive long-term growth and resilience.
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