PowerBank Corporation is pleased to announce the complete operation of its largest owned-and-operated facility in the United States, the 3.79 MW Geddes Solar Power Project in New York State. PowerBank Corporation is a pioneer in distributed solar energy, battery storage, and sustainable energy infrastructure throughout North America.
This initiative is more than just a green energy milestone; it is the formal beginning of PowerBank’s Bitcoin treasury strategy.
“This is a pivotal moment for PowerBank,” said Dr. Richard Lu, President and CEO. “Geddes isn’t just our largest U.S. asset—it’s our launchpad into a bold, dual-track strategy that fuses clean energy leadership with financial innovation. By deploying net cash generated by this project into Bitcoin, we are enhancing the value of our operating assets while aligning ourselves with a future-focused monetary reserve model.”
A Strategic Inflection Point – Energy + Bitcoin:
- Pioneering Treasury Strategy: Geddes is the first of potentially several PowerBank projects to support a digital asset reserve model, giving the Company exposure to Bitcoin as a non-correlated, asymmetric upside asset.
- Financial Flexibility: This approach allows PowerBank to retain earnings from high-performance assets like Geddes in a store of value with long-term appreciation potential.
- Environmental Transformation: By converting a capped landfill into a clean power station, PowerBank demonstrates how sustainability and innovation can converge for long-term value creation.
- Scalability: The Company is actively assessing expansion of this Bitcoin treasury strategy across additional solar and battery energy storage projects in its IPP (Independent Power Producer) portfolio.
The Geddes Solar Power Operation
Constructed on a former landfill, the Geddes Project has turned an unused site into a useful asset while producing 3.79 MW of clean, renewable energy, which is enough to power about 450 houses a year. However, its worth goes beyond green electricity.
At management’s discretion, the project’s net cash flows will be used to buy Bitcoin, forming a hybrid approach that combines strategic digital asset investing with energy production.
- Capacity: 3.79 MW DC
- Type: Utility-scale ground-mounted solar
- Location: Former landfill site in Geddes, New York
- Off-take: Local grid, supporting community energy needs
- Impact: Powers approximately 450 homes annually
The company’s community solar projects are managed by Solar Simplified, which frees up the company to concentrate on growing and diversifying its renewable energy portfolio. From day one, full project subscription and optimal income are guaranteed by Solar Simplified’s acquisition, enrollment, and management experience. Because of the partnership’s seamless alignment with the company’s business strategy, it promotes sustainable growth, allowing the company to expedite development, bring more projects online annually, and increase the value it creates for both its business and the communities it serves.
Additional Details: After all construction expenses, debt service commitments, and operating needs have been satisfied, any remaining funds from the Geddes Project will be used to finance Bitcoin purchases. Market circumstances, Bitcoin pricing, cash requirements, and regulatory concerns will all influence the timing, magnitude, and frequency of transactions. As of this publication date, no Bitcoin has been bought. Frameworks for custody and security are already being assessed and will be completed before any purchases are made.
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