PowerBank Corporation has begun commercial operation of its 1.45‑MW DC rooftop solar installation on the roof of Fiera Real Estate’s Calgary headquarters, marking the company’s first operational asset in Alberta. The facility began feeding power into the Alberta Interconnected Electric System on December 18, 2025, and will generate revenue through the province’s Small‑Scale Generation program while also earning Technology Innovation and Emissions Reduction (TIER) carbon‑offset credits.
The 1.45‑MW array is a modest but strategically significant addition to PowerBank’s growing portfolio. It will sell electricity to the grid under Alberta’s Small‑Scale Generation incentive, which offers a fixed feed‑in tariff for projects of this size. In addition, the project qualifies for TIER credits, providing an extra monetizable benefit tied to the province’s climate‑action incentives. The revenue stream from both grid sales and TIER credits is expected to be a steady, low‑volatility source of cash flow that complements PowerBank’s larger, higher‑margin projects.
To support the partnership with Fiera, PowerBank issued 10,089 shares to an arm’s‑length third party as a service fee. The share issuance is part of the company’s broader strategy of partnering with real‑estate investors to accelerate deployment of distributed solar assets. The transaction also signals PowerBank’s intent to own and operate power infrastructure for the digital economy, a pivot that has become a core part of its business model after rebranding from SolarBank.
Fiera Real Estate’s sustainability agenda aligns closely with the project. The company’s Net Zero Pathway targets carbon neutrality for its portfolio by 2040, and the new solar installation directly reduces the building’s emissions while generating renewable energy credits that can be used to meet regulatory and corporate sustainability goals. Alberta’s supportive policy environment, including the Small‑Scale Generation program and TIER credits, further enhances the project’s attractiveness to both parties.
PowerBank’s financials show that while the company has struggled with negative operating and net margins, its gross margin remains positive, indicating that the core solar business is still profitable. The new Alberta asset adds a predictable revenue stream and demonstrates the company’s ability to execute projects in new markets. It also feeds into a pipeline that exceeds one gigawatt, with a significant portion dedicated to battery energy storage and data‑center power solutions, underscoring the firm’s focus on the digital economy.
"This project represents a tangible step forward in our mission to deliver clean, reliable power to the digital economy,” said Dr. Richard Lu, CEO of PowerBank. “By partnering with Fiera and leveraging Alberta’s incentive programs, we are not only expanding our geographic footprint but also reinforcing our commitment to sustainable, high‑impact infrastructure that supports the next generation of data‑center and AI workloads.”
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