PowerBank Corporation confirmed that its Genesis‑1 satellite, launched on December 10 2025, is now fully operational and running an artificial‑intelligence model in low‑Earth orbit. The satellite’s status was verified by partner Smartlink AI, making it the first active node of the planned DeStarlink constellation and the first commercial‑grade space‑based AI compute platform in the world.
The company also announced that its 4.99‑MW SFF‑06 battery energy‑storage system in Ontario is in the final stages of hot commissioning and is expected to reach commercial operation in January 2026. The project is a 50‑50 partnership with First Nations communities and will be under a 22‑year contract with the Independent Electricity System Operator (IESO). The fixed‑capacity payment of $1,221 per MW per business day represents a premium rate that exceeds the average for Canadian storage projects, underscoring the project’s strong financial profile.
These milestones illustrate PowerBank’s strategic pivot from a traditional solar developer to a diversified power‑infrastructure provider for the digital economy. The operational satellite demonstrates the company’s ability to deliver AI compute in space, a capability that could reduce reliance on terrestrial data centers and open a new high‑growth market. The battery storage asset provides a predictable, long‑term revenue stream that balances the capital‑intensive nature of the satellite program and positions the company to capture demand for distributed energy resources in Canada and the United States.
CEO Dr. Richard Lu said, “The successful deployment of Genesis‑1 validates our vision that clean energy can power the next generation of computing beyond Earth’s surface. The SFF‑06 project not only strengthens our financial position but also deepens our partnership with First Nations communities, reinforcing our commitment to inclusive growth.”
With the satellite and battery projects nearing commercial operation, PowerBank is poised to accelerate its growth trajectory. The company’s focus on high‑margin, high‑growth segments—space‑based AI compute and large‑scale storage—aligns with industry trends toward decarbonization, digital infrastructure, and distributed generation. Investors will likely view these developments as a significant step toward establishing PowerBank as a leading player in the emerging orbital cloud and renewable energy markets.
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