Curated News
By: NewsRamp Editorial Staff
April 24, 2025
SolarBank Expands into Independent Power Production and Battery Storage Systems to Meet Rising Demand
TLDR
- SolarBank aims to triple its owned capacity in the next two years, providing a strategic advantage in the renewable energy market.
- SolarBank is transitioning from EPC services to owning and operating more solar and storage assets to enhance revenue consistency and margins.
- SolarBank's focus on IPP and BESS aims to meet rising electricity demand in North America, contributing to a greener and more sustainable future.
- Zacks report highlights SolarBank's shift towards integrated energy firm role, emphasizing growth and innovation in renewable energy projects.
Impact - Why it Matters
This news highlights the growing importance of scalable solar and storage solutions in North America, particularly in commercial and community sectors. As SolarBank transitions to owning and operating more of its solar and storage assets, it is poised to improve revenue consistency and margins over time. The shift towards renewable energy sources like solar and battery storage is crucial for combating climate change and ensuring a sustainable future.
Summary
Zacks Small-Cap Research has launched coverage of SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects. SolarBank is expanding its services into independent power production and battery energy storage systems to meet the increasing demand for sustainable energy in North America. The company aims to triple its owned capacity in the next two years, with a development pipeline exceeding 1 GW.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, SolarBank Expands into Independent Power Production and Battery Storage Systems to Meet Rising Demand
