PowerBank CEO: “We Raised $100 Million Without Issuing a Single Share”
Disseminated on behalf of PowerBank Corporation (NASDAQ:SUUN)
Dr. Richard Lu just said something that stopped me cold:
“We have a one gigawatt plus pipeline.”
That’s the equivalent of a nuclear reactor. Except he’s building it NOW. Not in 2035.
The former Enbridge executive who ran their alternative energy division has been quietly assembling PowerBank (NASDAQ: SUUN) for 15 years.
And what he revealed in our interview shows why this might be an overlooked energy play in the market.
[Watch Our 15-Minute Interview Here]
See, while everyone’s debating whether solar works or nuclear’s the future…
Dr. Lu just announced $100 million from Investment Tax Credit investors to build 97 megawatts of generation. That’s enough to power 70,000 homes.
Without issuing a single new share.
Shareholders keep their ownership. They get the cashflow. Zero dilution.
He breaks down exactly how this works – and why almost no other solar companies even know these funding sources exist.
“Shareholders Will Be Heavily Surprised”
Those are Dr. Lu’s exact words when describing what’s coming in June 2026.
He’s talking about “hundreds of megawatts of solar with gigawatt hours of battery” in contracts that could be announced.
CEOs don’t use language like “heavily surprised” unless the ink is dry.
The Army Wants Their Power
While tech giants make headlines about nuclear dreams, Dr. Lu quietly mentions at, “We have more government contracts from Army operations coming.”
The military doesn’t wait for science projects. When they need reliable power for operations, they need it now.
PowerBank can deliver it.
And here’s what really got my attention – their Ontario battery contracts are pure gold:
“Those are 21-year capacity payments. If we sit there waiting for the government call, we get paid.”
Not merchant power hoping for price spikes. Government checks for two decades just for being ready.
What You’ll Discover in This 15-Minute Interview:
- $100 Million, Zero Shares to be Issued – How he tapped Investment Tax Credit investors to fund 97 megawatts without diluting shareholders a single penny. While other solar CEOs beg for equity raises, he’s using funding sources they don’t even know exist.
- Why June 2026 Will “Heavily Surprise” Shareholders – Dr. Lu drops this bombshell about “hundreds of megawatts of solar with gigawatt hours of battery” contracts expected. When CEOs use this language, the deals are done.
- The “Green Bitcoin” Strategy That’s Already Running – How Getty’s Solar Farm generates steady power revenue FIRST, then plans to convert excess profits into Bitcoin with zero risk to the core business. “If it’s successful, we could do more. If not, we’re not losing.”
- The 21-Year Government ATM Nobody Talks About – Discover how PowerBank’s Ontario battery contracts pay them just for being ready. Government checks for two decades, not merchant risk.
- Why Solar Now Beats Everything Else – The Lazard numbers showing solar at $38-50 versus gas at $149 per megawatt hour, plus why PowerBank can build in months while nuclear takes decades.
His answers are a masterclass in execution over promises.
[Click Here to Watch the Full Interview]
Look, I’ve watched hundreds of energy CEOs make promises. Dr. Lu doesn’t make promises – he lists construction schedules.
When I asked him point-blank what the next 24 months hold for shareholders, his answer was a masterclass in execution over hype.
No wonder the stock trades under the perfect ticker: NASDAQ: SUUN.
Because that’s their power source. And if Dr. Lu’s right, their shareholders’ wealth source.
Regards,
Marin Katusa
P.S. Dr. Lu built PowerBank as “a virtually integrated one-stop shop from origination to operation.” No consultants eating margins. No middlemen taking cuts. Just 20%+ gross margins flowing straight to shareholders who own a piece of North America’s energy future.
Details and Disclosures
Investing in stocks is HIGH RISK. You could lose all of your investment.
Katusa Research, as a publisher, is not a broker, investment advisor, or financial advisor in any jurisdiction.
Please do not rely on the information presented by Katusa Research as personal investment advice.
If you need personal investment advice, kindly reach out to a qualified and registered broker, investment advisor, or financial advisor.
The communications from Katusa Research should not form the basis of your investment decisions. Examples we provide regarding share price increases related to specific companies are based on randomly selected time periods and should not be taken as an indicator or predictor of future stock prices for those companies.
PowerBank Corp. is a paid sponsor of this report.
The information in this newsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities of a corporation or entity, including U.S. Traded Securities or U.S. Quoted Securities, in the United States or to U.S. Persons. Securities may not be offered or sold in the United States except in compliance with the registration requirements of the Securities Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
Any public offering of securities in the United States may only be made by means of a prospectus containing detailed information about the corporation or entity and its management as well as financial statements. No securities regulatory authority in the United States has either approved or disapproved of the contents of any newsletter. Katusa Research nor any employee of Katusa Research is not registered with the United States Securities and Exchange Commission (the “SEC”): as a “broker-dealer” under the Exchange Act, as an “investment adviser” under the Investment Advisers Act of 1940, or in any other capacity. Katusa Research, its owners, directors, and employees are also not registered with any state securities commission or authority as a broker-dealer or investment advisor or in any other capacity.
HIGHLY BIASED: In our role, we aim to highlight specific companies for your further investigation; however, these are not stock recommendations, nor do they constitute an offer or sale of the referenced securities. Katusa Research partner company, New Era Publishing Inc. has received cash compensation in the amount of nine hundred thousand dollars from PowerBank Corp. for a 9 month marketing agreement starting January 1, 2025, and is thus extremely biased. It is crucial that you conduct your own research prior to investing. This includes reading the companies’ SEDAR and SEC filings, press releases, and risk disclosures. The information contained herein regarding PowerBank Corp. has been derived from its SEDAR+ and SEC filings, including scientific and technical information. Information regarding the projects underlying PowerBank Corp.’s interests has been derived from the publicly available disclosure of the underlying operators and owners, including where referenced herein.
Katusa Research, and its directors, employees, and members of their households do not own shares of PowerBank Corp. (SUUN.Nasdaq). However, Katusa Research is extremely biased since this is a sponsored editorial.
HIGH RISK: The securities issued by the companies we feature should be seen as high risk; if you choose to invest, despite these warnings, you may lose your entire investment. You must be aware of the risks and be willing to accept them in order to invest in financial instruments, including stocks, options, and futures.
NOT PROFESSIONAL ADVICE: By reading this, you agree to all of the following: You understand this to be an expression of opinions and NOT professional advice. You are solely responsible for the use of any content and hold Katusa Research, and all partners, members, and affiliates harmless in any event or claim. While Katusa Research strives to provide accurate and reliable information sourced from believed-to-be trustworthy sources, we cannot guarantee the accuracy or reliability of the information. The information provided reflects conditions as they are at the moment of writing and not at any future date. Katusa Research is not obligated to update, correct, or revise the information post-publication.
There are several risks associated with the development of the projects disclosed in this report. The development of any project is subject to receipt of a community solar contract, receipt of required permits, the availability of third-party financing arrangements for the Company and the risks associated with the construction of a solar power project. In addition, governments may revise, reduce or eliminate incentives and policy support schemes for solar power, which could result in future projects no longer being economic. The CIM transaction is subject to the execution of definitive documentation setting out all of the representations, warranties, covenants and conditions precedent associated with the CIM transaction. There is a risk that definitive documentation may not be executed or that the conditions precedent to the CIM Transaction are not satisfied. In such case, no funding will be advanced under the terms of the CIM transaction. PowerBank will also need to secure the financing required to develop projects to mechanical completion and substantial completion, as prior to such milestone none of the funding from the CIM transaction will be available.
This report contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as “will likely result”, “are expected to”, “expects”, “will continue”, “is anticipated”, “anticipates”, “believes”, “estimated”, “intends”, “plans”, “forecast”, ”projection”, “strategy”, “objective” and “outlook”) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. In particular and without limitation, this report contains forward-looking statements pertaining to the Company’s expectations regarding its industry trends and overall market growth; the Company’s growth strategies the expected energy production from the solar power projects mentioned in this report; the timeline for construction; market outlook for solar energy; the details of the CIM financing transaction expected revenues and benefits of the Project to the Company; the receipt of interconnection approval, permits and financing to be able to construct the Projects; the receipt of incentives for the Projects; and the size of the Company’s development pipeline. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this report.
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 report, the Company has made various material assumptions, including but not limited to: obtaining the necessary regulatory approvals; that regulatory requirements will be maintained; general business and economic conditions; the execution of definitive documentation for the CIM transaction; the satisfaction of all conditions precedent for the CIM transaction; 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.
Whether actual results, performance or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including those listed under “Forward-Looking Statements” and “Risk Factors” in the Company’s most recently completed Annual Information Form, and other public filings of the Company, which include: the Company may be adversely affected by volatile solar power market and industry conditions; the failure to execute definitive documentation for the CIM transaction; the failure to satisfy all conditions precedent for the CIM transaction; the execution of the Company’s growth strategy depends upon the continued availability of third-party financing arrangements; the Company’s future success depends partly on its ability to expand the pipeline of its energy business in several key markets; governments may revise, reduce or eliminate incentives and policy support schemes for solar and battery storage power; general global economic conditions may have an adverse impact on our operating performance and results of operations; the Company’s project development and construction activities may not be successful; developing and operating solar projects exposes the Company to various risks; the Company faces a number of risks involving Power Purchase Agreements (“PPAs”) and project-level financing arrangements; any changes to the laws, regulations and policies that the Company is subject to may present technical, regulatory and economic barriers to the purchase and use of solar power; the markets in which the Company competes are highly competitive and evolving quickly; an anti-circumvention investigation could adversely affect the Company by potentially raising the prices of key supplies for the construction of solar power projects; foreign exchange rate fluctuations; a change in the Company’s effective tax rate can have a significant adverse impact on its business; seasonal variations in demand linked to construction cycles and weather conditions may influence the Company’s results of operations; the Company may be unable to generate sufficient cash flows or have access to external financing; the Company may incur substantial additional indebtedness in the future; the Company is subject to risks from supply chain issues; risks related to inflation and tariffs; unexpected warranty expenses that may not be adequately covered by the Company’s insurance policies; if the Company is unable to attract and retain key personnel, it may not be able to compete effectively in the renewable energy market; there are a limited number of purchasers of utility-scale quantities of electricity; compliance with environmental laws and regulations can be expensive; corporate responsibility may adversely impose additional costs; the future impact of any global pandemic on the Company is unknown at this time; the Company has limited insurance coverage; the Company will be reliant on information technology systems and may be subject to damaging cyberattacks; the Company may become subject to litigation; there is no guarantee on how the Company will use its available funds; the Company will continue to sell securities for cash to fund operations, capital expansion, mergers and acquisitions that will dilute the current shareholders; and future dilution as a result of financings.
The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them, or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this report are expressly qualified in their entirety by this cautionary statement.