PowerBank Company introduced that its largest owned-and-operated asset within the U.S. — the three.79-MW Geddes Photo voltaic Energy Challenge in New York State — is now absolutely operational.
This mission additionally marks the official launch of PowerBank’s Bitcoin treasury technique.
“It is a pivotal second for PowerBank,” mentioned Dr. Richard Lu, president and CEO. “Geddes isn’t simply our largest U.S. asset — it’s our launchpad right into a daring, dual-track technique that fuses clear vitality management with monetary innovation. By deploying web money generated by this mission into Bitcoin, we’re enhancing the worth of our working property whereas aligning ourselves with a future-focused financial reserve mannequin.”
Constructed on a repurposed landfill, the Geddes Challenge now delivers 3.79 MW of unpolluted, renewable vitality — sufficient to energy roughly 450 houses yearly — whereas reworking an underutilized web site right into a productive asset. However its worth extends past inexperienced energy.
Internet money flows from the mission will probably be allotted, at administration’s discretion, to the acquisition of Bitcoin, making a hybrid technique that blends vitality era with strategic digital asset funding.
Photo voltaic Simplified handles all customer-facing actions for the corporate’s group photo voltaic initiatives, permitting it to concentrate on growing and increasing its renewable vitality portfolio.
Information merchandise from PowerBank Company
