$94.7 Million USD Estimated Combined Value of Potential Tax Credits

97 MW DC of Solar and 42 MWh of Energy Storage Across New York and Pennsylvania

Projects Expected to Power Equivalent of 11,000 Homes

TORONTO, June 18, 2026 /PRNewswire/ - PowerBank Corporation (NASDAQ:PBK) (Cboe CA: PBK) (FSE: 103) ("PowerBank" or the "Company"), a leader in independent energy development and asset ownership in North America, is pleased to confirm the completion of equipment procurement agreements totaling $242.3 million USD in construction value across 23 distributed solar and energy storage projects (the "Projects") in New York and Pennsylvania through its wholly owned subsidiary Abundant Solar Power Inc. The Projects, once financed, constructed and operational, are expected to bring approximately 97 MW DC of solar and 42 MWh of energy storage to the United States, with the combined capacity expected to power the equivalent of approximately 11,000 homes. This procurement is expected to enable all 23 Projects to remain eligible for United States federal Investment Tax Credits for energy projects under the One Big Beautiful Bill Act of 2025.