PowerBank Corporation announced that its largest owned-and-operated asset in the U.S. — the 3.79-MW Geddes Solar Power Project in New York State — is now fully operational.
This project also marks the official launch 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.”
Built on a repurposed landfill, the Geddes Project now delivers 3.79 MW of clean, renewable energy — enough to power approximately 450 homes annually — while transforming an underutilized site into a productive asset. But its value extends beyond green power.
Net cash flows from the project will be allocated, at management’s discretion, to the acquisition of Bitcoin, creating a hybrid strategy that blends energy generation with strategic digital asset investment.
Solar Simplified handles all customer-facing activities for the company’s community solar projects, allowing it to focus on developing and expanding its renewable energy portfolio.
News item from PowerBank Corporation