SolarBank Corporation - Common Stock (SUUN)

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., has announced its role as developer and builder for a 6.9 megawatt (“MW”) Brooklyn Project in Nova Scotia, a community solar initiative set to power around 900 homes. The development is part of Canada’s first Community Solar Program (“CSP”) ( https://ibn.fm/01vZx ). SolarBank has considerable expertise in community solar development in the United States and it is now deploying that expertise in Canada where there remain significant government support and incentives for renewable energy projects.

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced the launch of a Bitcoin treasury strategy inspired by MicroStrategy and SharpLink Gaming, marking a first among North American clean energy developers. The company has applied to open a Coinbase Prime account for secure custody, USDC services, and self-custody of Bitcoin holdings. By integrating Bitcoin into its treasury, SolarBank aims to hedge against inflation, attract digitally savvy investors, and position itself as a pioneer at the intersection of renewable energy and decentralized finance. The strategy complements SolarBank’s core focus on solar and battery energy storage systems, backed by recent deals including a $100 million U.S. financing with CIM Group, $49.5 million with Qcells, a $41 million landfill-to-solar initiative with Honeywell, and a $25 million credit facility from RBC. Management noted that Bitcoin purchases have not yet begun and will be based on market conditions and liquidity needs.

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) announced the launch of a Bitcoin treasury strategy inspired by MicroStrategy and SharpLink Gaming, marking a first among North American clean energy developers. The company has applied to open a Coinbase Prime account for secure custody, USDC services, and self-custody of Bitcoin holdings. By integrating Bitcoin into its treasury, SolarBank aims to hedge against inflation, attract digitally savvy investors, and position itself as a pioneer at the intersection of renewable energy and decentralized finance. The strategy complements SolarBank’s core focus on solar and battery energy storage systems, backed by recent deals including a $100 million U.S. financing with CIM Group, $49.5 million with Qcells, a $41 million landfill-to-solar initiative with Honeywell, and a $25 million credit facility from RBC. Management noted that Bitcoin purchases have not yet begun and will be based on market conditions and liquidity needs.

Most forms of renewable energy are intermittent in nature. This means that they reach peak power production during specific hours of the day or under certain weather conditions, and produce little to no renewable energy when conditions aren’t ideal. As green energy demand surges worldwide, there are mounting concerns about how weather can affect the reliability and operation of renewable energies like solar and wind.

Research from the Lawrence Berkeley National Laboratory in California has revealed that solar electricity is poised to become the most cost-efficient source of energy in South Korea . According to a research team based at the lab, solar has the potential to have the lowest levelized cost of energy (LCOE) of all energy sources in South Korea by 2030 to 2035. Solar energy is one of the most popular forms of renewable energy globally and is currently the third-largest source of renewable energy after hydropower and wind.

The United States Senate has blocked a landmark California electric vehicle mandate that would have required the state to phase out gas-powered vehicles in favor of battery electric vehicles (BEVs). Although California already has the largest fleet of BEVs in the U.S ., the mandate aimed to accelerate electrification by pressuring carmakers to develop more EV models.

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., posted fiscal third-quarter results reflecting a sharp increase in total assets with a notable shift in its revenue model.

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) will develop the 6.9 MW DC Brooklyn solar project in Nova Scotia under Canada’s first Community Solar Program. Owned by AI Renewable Fund, the $13.9 million project will be built in partnership with local firm Trimac Engineering. The program supports Nova Scotia’s goal of reaching 80% renewable energy by 2030 and net-zero by 2035. SolarBank will oversee interconnection, permitting, and design through 2025, with construction expected to begin in spring 2026. The company also disclosed a shares-for-services agreement with an independent advisor valued at up to $100,000 USD per month, tied to strategic growth and advisory milestones.

A big decision was made in the United States that could change how solar panels are bought and sold in the country. The U.S. International Trade Commission (ITC) voted that American solar panel makers are being harmed by cheap imports coming from Southeast Asia. This vote is an important step that allows the U.S. government to put high taxes, known as tariffs, on solar panels from four countries: Malaysia, Thailand, Cambodia, and Vietnam.

A recent report from the Energy Industries Council (EIC) has revealed that Europe’s transition to renewable energy could be hindered by industrial bottlenecks, permitting delays, and grid issues. The continent has made significant strides in adopting clean energy, especially in countries like Sweden, Finland, and Portugal, but grid and supply chain issues threaten to handicap the continent’s progress.

Structural batteries that merge structural strength with battery power could open the door to a new age of electric mobility. Lithium-ion batteries are used to power most electric cars due to their high energy density, longevity, and long life cycles. However, current EV battery technology still has plenty of room for improvement. Modern EV battery packs are heavy, costly, have a moderate risk of catching fire , and often come with repair and maintenance challenges.

The International Energy Agency (IEA) estimates that as of 2024, over 80% of global photovoltaic solar panel production took place in China. Beijing dominates the global solar panel supply chain, and a vast majority of the solar panels installed across the U.S. were manufactured in the East Asian country.

Dr. Richard Lu, CEO of SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., offered insights into the company’s operations, strategy, and unique competitive position during a recent interview on IBN’s GotStocks podcast ( https://ibn.fm/UCIdQ ). The conversation centered on SolarBank’s dual role as both a developer and long-term owner of solar energy assets, an approach that differentiates the firm in a competitive market.

The global adoption of battery electric vehicles (BEVs) is having a notable effect on oil demand across several key markets. Oil has been the primary source of energy for the transport industry for over a century, and a large portion of the world’s infrastructure grew around the extraction, refining, and distribution of oil and petroleum products. Although this reliance on oil has significantly contributed to premature atmospheric heating and accelerated climate change, fossil fuels were integral to the transport sector and several other energy-intensive industries.

SolarBank (NASDAQ: SUUN) (CSE: SUNN) posted fiscal Q3 results for the period ended March 31, 2025, showing year-to-date revenue of C$29.1 million versus C$50.4 million a year earlier, reflecting a shift toward long-term asset ownership over short-term EPC sales. The company reported a net loss of C$9 million compared to net income of C$5.5 million last year, driven by higher costs and reduced EPC activity. SolarBank highlighted a 395% increase in assets to C$194 million following the Solar Flow-Through Funds acquisition and secured a mandate letter with CIM Group for up to US$100 million in project financing for a 97 MW solar portfolio in the U.S., reinforcing its strategy to grow its independent power producer platform.

SolarBank (NASDAQ: SUUN) (CSE: SUNN) President and CEO Dr. Richard Lu appeared on the GotStocks Podcast to discuss the company’s vertically integrated model and its $184 million portfolio of revenue-generating clean energy assets. Lu detailed how SolarBank develops, builds, owns, and operates distributed and community solar projects across Canada and the U.S., including partnerships with Honeywell and Qcells. He also highlighted a recent $100 million financing agreement with CIM Group to fund 97 MW of U.S. projects, positioning the company for continued long-term growth.

Battery swapping is becoming a popular alternative to conventional charging in several markets. As the name suggests, this process involves exchanging a depleted EV battery with a fully charged one, eliminating the long wait times associated with traditional electric vehicle charging. As an alternative to plug-in charging, battery swapping offers a user experience that can be just as fast as refueling a gasoline-powered car.

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) will release its financial results for the quarter ended March 31, 2025, after market close today, May 15, and will host a webinar at 4:30 p.m. ET to provide a business update and discuss the quarterly performance.

The Trump administration is considering eliminating various Biden-era climate action policies designed to invest in America’s burgeoning green energy industry. U.S. House representatives recently introduced plans to phase out renewable energy tax credits, cut federal spending on clean energy and electric vehicles, and pull back funding dedicated to climate action in an attempt to pass a budget that aligns with President Donald Trump’s anti-green energy agenda .

A recent report has revealed that while renewable energy production in the U.S. has tripled in the past decade, its progress is being threatened by the Trump administration’s policies . Renewable energy projects in the U.S. are producing more clean energy than ever, but political uncertainty under President Donald Trump and billions of dollars in budget cuts could dampen America’s progress.

The year 2024 was a big one for solar power. All around the world, countries worked hard to add new solar energy systems. By the end of the year, nearly 600 gigawatts (GW) of new solar power had been installed. This was a record-breaking number and showed how fast the world is turning to clean energy.

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., has announced a US$100 million project-based financing with infrastructure investor CIM Group to fund a 97 MW portfolio of solar energy projects in the United States. The deal marks a significant step in SolarBank’s evolution from solar developer to long-term asset owner, offering equity-style exposure to U.S. renewable energy growth without issuing new shares ( https://ibn.fm/J7XIZ ).

German automaker Audi registered a notable increase in vehicle sales in the first quarter of the year, thanks to the growing popularity of its battery electric vehicle (BEV) models. The carmaker’s Q1 2025 earnings report showed revenue of $16.6 billion, a 12.4% increase from Audi’s reported revenue in Q1 2024.

SolarBank (NASDAQ: SUUN) (CSE: SUNN) has filed a final short form base shelf prospectus with Canadian securities regulators, replacing its previous version set to expire in June 2025. The new Shelf Prospectus allows the company to offer up to C$200 million in securities—including common shares, debt instruments, warrants, and units—over the next 25 months. A corresponding Form F-10 registration has been filed with the U.S. SEC but is not yet effective. Proceeds from any future offerings will support business development, working capital, debt repayment, capital programs, and potential

SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2), a premier developer and owner of renewable and clean energy projects, specializing in distributed and community solar initiatives throughout Canada and the U.S., announced the development of a new 7.2 megawatt DC ground-mount solar project in upstate New York. The Glor Rd project, as it is known, adds to a string of solar installations that the company is developing across the region ( https://ibn.fm/Z98Pf ).