PowerBank Corporation has officially energized its largest U.S.-based asset, the 3.79 MW Geddes Solar Power Project in Geddes, New York. Built on a repurposed landfill, the utility-scale solar facility is designed to power approximately 450 homes annually, furthering the company’s clean energy mission.
The launch also signals the beginning of PowerBank’s new Bitcoin treasury strategy. Under this plan, excess cash flows generated by the Geddes project—after covering capital, operational, and debt costs—will be used to acquire Bitcoin. According to PowerBank President and CEO Dr. Richard Lu, this dual-pronged approach combines renewable energy development with strategic financial innovation.
“Geddes represents a turning point,” said Dr. Lu. “It demonstrates how we can simultaneously transform underutilized land, provide clean energy, and adopt future-oriented financial strategies.”
The initiative positions PowerBank as one of the few clean energy firms directly integrating digital assets into its treasury. The company sees Bitcoin as a non-correlated asset with long-term appreciation potential and aims to expand this model across more projects within its IPP portfolio.
Solar Simplified, a key partner in the initiative, will manage customer-facing operations, ensuring full subscription and optimized revenue from day one.
While no Bitcoin purchases have occurred yet, PowerBank is currently finalizing custody and security frameworks. Timing and scale of acquisitions will depend on market trends and internal cash flow assessments.
With over 100 MW in completed projects and a development pipeline exceeding 1 GW, PowerBank is positioning itself at the intersection of clean energy and digital finance.
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