PowerBank Corporation Reports Operational Progress Across Independent Power Producer Portfolio

## PowerBank Corporation Reports Operational Progress Across Independent Power Producer Portfolio PowerBank Corporation (NASDAQ: PBK) has announced that three key projects within its independent power producer (IPP) portfolio are fully operational, underscoring the company's growing footprint in North American energy development and asset ownership. According to a PR Newswire release dated June 22, 2026, the Geddes, US1, and VC1 projects are all actively producing power as operating IPP assets. The Toronto-based company, which also trades on the Cboe CA and Frankfurt Stock Exchange (FSE: 103), described the developments as a significant milestone in its broader strategy to establish a high-functioning portfolio of independent energy assets. While PowerBank Corporation is primarily positioned as an energy developer rather than a maritime-specific operator, the reliable generation of independent power has direct relevance to port infrastructure, shipyard operations, and coastal industrial facilities that increasingly depend on stable, independently sourced electricity to support electrification initiatives and reduce reliance on grid power. The maritime and ports sector has seen growing interest in IPP arrangements as terminals and logistics hubs seek to manage energy costs, improve resilience, and meet decarbonisation targets. Shore power infrastructure, cold ironing facilities, and LNG bunkering operations all require dependable, high-capacity energy supply — areas where operational IPP assets such as those highlighted by PowerBank could play a supporting role. PowerBank did not disclose specific capacity figures or revenue data in the announcement, but characterised all three projects as 'high-functioning,' suggesting stable output and operational reliability across the portfolio. The company's dual listing on North American exchanges and presence on the Frankfurt Stock Exchange reflects its ambition to attract international investment as demand for independent energy infrastructure continues to grow across the continent. *Source: PR Newswire / PowerBank Corporation*