DealsJun 26, 2026, 07:16 AM
PowerBank Awarded $2.95M US Federal Contract for Solar Project
AI Summary
PowerBank Corporation announced it has been awarded a $2,950,000 USD federal contract by the US Department of Defense and the Department of the Army. The contract, secured by its subsidiary Abundant Solar Power Inc., is for a covered parking canopy solar project at the Armed Forces Reserve Center Farmingdale in New York, which will also include electric vehicle charging stations. This significant award marks PowerBank's first project for the US Federal Government, validating its capabilities and adherence to Federal Acquisition Regulations.
Key Highlights
- PowerBank awarded a $2,950,000 USD federal contract.
- Contract is with the US Department of Defense and Department of the Army.
- Project involves a covered parking canopy solar array and EV charging stations.
- The project is for the Armed Forces Reserve Center Farmingdale in New York.
- Awarded to PowerBank's US subsidiary, Abundant Solar Power Inc.
- This marks PowerBank's first project for the United States Federal Government.
- Company has over 100 MW of completed projects and a 1 GW development pipeline.
Price Impact
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