PowerBank Corporation
Capital Structure
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in mil. unless spec.Company Description
- CEO
- Richard Lü
- Full Time Employees
- 19
- Sector
- Utilities
- Industry
- Alternative power generation
- Address
- 505 Consumers Rd., Suite 803 Toronto ON Canada M2J 4Z2
- IPO Date
- Mar 2, 2023
- Website
- powerbankcorp.com
- Similar Companies
- Business
- PowerBank Corporation (Ticker: SUUN) develops and markets innovative power solutions for consumer electronics and renewable energy applications. The company offers a range of portable power banks under its flagship PowerBank brand, including high-capacity lithium-ion models with fast-charging capabilities; solar-powered chargers for off-grid use; and modular battery systems for electric vehicles and home energy storage. These products cater to individual consumers, businesses, and government sectors seeking reliable, eco-friendly power management. Founded in 2015 and headquartered in San Jose, California, PowerBank Corporation operates primarily in North America, with expanding distribution in Europe and Asia-Pacific regions. In late 2024, the company announced a strategic partnership with a leading solar panel manufacturer to integrate its battery technology into residential energy systems, enhancing its renewable segment offerings. Additionally, PowerBank completed a $50 million Series B funding round in early 2025, led by venture capital firms focused on clean tech, to fuel production expansion and new product launches including AI-optimized power distribution units.
Company News
PowerBank Corporation Receives Additional 180-day Compliance Period from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
PowerBank Corporation Announces Termination of At-The-Market Equity Offering Program
PowerBank Corporation (PBK:CA) Q4 2026 Earnings Call Prepared Remarks Transcript
PowerBank Announces Fiscal Year End Results
PowerBank Awarded Contract by New York Power Authority for 1.6 MW Ground-Mount Solar Project at SUNY Oneonta
PowerBank Corporation Announces Development Agreement for the Development of Battery Energy Storage Projects in Ontario
PowerBank Corporation Announces Development Agreement for the Development of Battery Energy Storage Projects in Ontario
PowerBank Corporation Appoints Nicole Rusaw, CPA, CA as Chief Financial Officer
PowerBank Receives Final Environmental Permit for C$14 Million Nova Scotia Community Solar Project, Backed by C$4.55 Million in Federal and Provincial Grants and Tax Credits
PowerBank Acquires New York Solar Portfolio with US$32.5 Million Construction Value and US$13 Million in Expected U.S. Federal Tax Credits
PowerBank Announces 4 MW Solar Project in North Bruce Peninsula, Ontario
BESS 903 Project Passes Major Permitting Milestone, Advancing PowerBank's Ontario Battery Storage Pipeline
PowerBank Secures New Opportunity in Nova Scotia
3.2 MW Solar Project Announced by PowerBank
Certificate of Final Completion Received for Engineering, Procurement, and Construction Agreement with Fiera Real Estate
Honeywell Community Solar Project SB-14 Successfully Achieves Commercial Operation in Upstate New York
PowerBank Closes U.S.$4.2 Million Strategic Investment from New Institutional Investors to Advance U.S. Federal Projects
PowerBank Ignites Next Phase of Growth with $4.2 Million Strategic Investment from New Institutional Investors to Advance U.S. Federal Projects
PowerBank Awarded $2,950,000 USD Federal Contract with the US Department of Defense and the Department of the Army for Covered Parking Canopy Solar Project
PowerBank Awarded $2,950,000 USD Federal Contract with the US Department of Defense and the Department of the Army for Covered Parking Canopy Solar Project