4.99 MW Ontario battery storage project starts operations with a 22-year revenue contract.

PowerBank Corporation's 4.99 MW Battery Energy Storage System (BESS) in Cramahe, Ontario, has begun commercial operations, backed by a 22-year contract with the Independent Electricity System Operator (IESO). The project, co-owned with First Nations communities, benefits from a high fixed capacity payment and eligibility for a 30% Clean Technology Investment Tax Credit, enhancing its financial returns. This milestone marks PowerBank's entry into the growing North American battery storage market, supporting renewable energy integration and grid resilience. The company plans to expand its clean energy infrastructure pipeline further.