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PowerBank signs Ontario battery storage development deal for IESO LT2 capacity bid

PUBT·08/31/2026 11:45:32
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PowerBank signs Ontario battery storage development deal for IESO LT2 capacity bid
  • PowerBank signed a fee-for-service development agreement to advance an Ontario battery energy storage project for the IESO LT2(c-2) capacity RFP.
  • If a contract is won, it will develop the project through notice-to-proceed, contingent on full permitting.
  • Deal includes a right of first refusal to serve as EPC contractor for the project if the IESO awards a contract.
  • Work also covers evaluating a potential 18 MW battery energy storage system in Hamilton, Ontario.
  • Separately, it agreed to settle $817,332 of $1.4 million in legal-fee debt by issuing 1,297,352 shares at $0.63 each.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Powerbank Corporation published the original content used to generate this news brief via CNW (Ref. ID: 202608310745CANADANWCANADAPR_C1952) on August 31, 2026, and is solely responsible for the information contained therein.