New York Community Solar Project Reaches Key Operational Milestone, Expanding PowerBank's Track Record of Successful Renewable Energy Development

Camillus milestone reinforces PowerBank's execution capabilities, with more than 100 MW of completed projects and a development pipeline approaching 1 GW

TORONTO, Nov. 3, 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 announce that the 3.26 MW ground-mount community solar project known as Camillus (the "Project") has achieved permission to operate, marking a key milestone in bringing the Project into service. Developed on a closed landfill, Camillus transforms previously underutilized land into a productive renewable energy site serving local households. The Project was sold to and constructed for Solar Advocate Development LLC (the "Owner") in a transaction valued at US$7.3 million.

Camillus adds to PowerBank's track record of more than 100 MW of completed projects, demonstrating the Company's ability to advance complex developments through construction and operational approval. With a development pipeline approaching 1 GW, PowerBank continues to pursue opportunities to apply that experience across a broader portfolio of North American energy projects.

Turning Challenging Sites into Energy Assets

PowerBank's President and Chief Operating Officer, Andrew van Doorn commented: "A closed landfill is land that most people would write off. At Camillus, our engineers and construction partners turned it into a 3.26 MW source of clean power for local households. Reaching permission to operate on a site like this reflects decades of hands-on experience, and it's exactly the kind of project where that experience matters most."

Delivering Local Benefits Through Community Solar

Camillus is now authorized to begin operating as a community solar project, enabling participating renters and homeowners to access the financial and environmental benefits of solar energy without installing rooftop panels on their home. Subscribers receive credits on their electricity bills based on their share of the Project's solar energy generated.

Solar Simplified manages customer acquisition, enrollment and subscription services for community solar projects developed by PowerBank's subsidiary, Abundant Solar Power. This support allows the development team to focus on project execution and portfolio expansion while helping connect households with community solar savings.

Building on a Proven Development Platform

The Camillus milestone demonstrates PowerBank's ability to combine engineering expertise, construction execution and strategic relationships to bring renewable energy projects into service.

As electrification, artificial intelligence and data center expansion place an unprecedented demand on North American electricity needs, PowerBank's completed-project track record and development pipeline provide a foundation for pursuing further growth.

About PowerBank Corporation

PowerBank Corporation is a vertically integrated and independent North American energy company helping to power the digital economy. The Company develops, builds, owns, and operates solar and battery energy storage systems that deliver reliable and resilient power to the electricity grid, commercial and industrial clients, and municipal and residential off-takers. As AI and digital infrastructure drive unprecedented electricity demand, PowerBank is uniquely positioned to deliver the speed, scale, and energy independence that the next generation of power consumers requires, without waiting years for permitting and grid interconnection. The Company has a potential development pipeline of almost one gigawatt and has developed energy projects with a combined capacity of over 100 megawatts built. To learn more about PowerBank, please visit www.powerbankcorp.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements and forward-looking information âwithin the meaning of Canadian securities legislation (collectively, "forward-looking âstatements") that relate to the Company's current expectations and views of future events. âAny statements that express, or involve discussions as to, expectations, beliefs, plans, âobjectives, assumptions or future events or performance (often, but not always, through the âuse of words or phrases such as "will likely result", "are expected to", "expects", "will âcontinue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", ââ"projection", "strategy", "objective" and "outlook") are not historical facts and may be âforward-looking statements and may involve estimates, assumptions and uncertainties âwhich could cause actual results or outcomes to differ materially from those expressed in âsuch forward-looking statements. In particular and without limitation, this news release âcontains forward-looking statements pertaining to the Company's expectations regarding its industry trends and overall market growth; delivery of reliable, high-impact energy solutions; and the size of the Company's development pipeline. No assurance âcan be given that these expectations will prove to be correct and such forward-looking âstatements included in this news release should not be unduly relied upon. These âstatements speak only as of the date of this news release.â

Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors it believes are appropriate, and are subject to risks and uncertainties. In making the forward looking statements included in this news release, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; execution of definitive agreements for suitable solar or BESS sites; that power is available to be sufficient to support a modular data center; general business and economic conditions; the Company's ability to successfully execute its plans and intentions; the availability of financing on reasonable terms; the Company's ability to attract and retain skilled staff; market competition; the products and services offered by the Company's competitors; that the Company's current good relationships with its service providers and other third parties will be maintained; and government subsidies and funding for renewable energy will continue as currently contemplated. Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and the Company cannot assure that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, investors should not place undue reliance on these forward-looking statements.